Research On The Correlation Between Enterprise Performance And Carbon Information Disclosure

Because of large amounts of carbon dioxide, sulfur dioxide and other greenhouse gases emission, it’s of great importance to solve the environmental problems for the survival and development of human society now. Most of the countries in the world are actively promoting low-carbon economy. And variations of carbon emissions trading market are growing. As the largest developing country, China fulfill its obligations of energy conservation and emissions reduction actively to shoulder the responsibility. In this economic background, carbon information as the basis of carbon emissions trading market is showing its importance. Meanwhile the enterprise performance and carbon information disclosure also gradually show a closer connection between each other. In order to have a better understanding of the current situation of carbon disclosure in our country, the paper analyzes the current situation of carbon information disclosure of listed companies in our country combining with CDP Chinese enterprise survey report,finding that carbon information disclosure of listed companies in China is not optimistic.Because of the carbon trading market in China is still in its infancy and has not formed a unified and perfect carbon information disclosure system, the carbon disclosure have varieties of problems, such as a number of companies do not intend to do it, the form of carbon disclosure is single, the quality of carbon information is uneven. In view of this,this paper creatively choose environmental science as the research view and put forward that carbon information should be brought into the enterprise information disclosure.The correlation between corporate performance and carbon disclosure are also discussed in this paper. So it has great theoretical and practical significance.The paper reviews and organizes the domestic and foreign theory research in the field firstly. Using the information asymmetry theory, stakeholder theory, signaling theory and enterprise performance theory as the theoretical support of research,selecting 85 empirical research samples of SSE Social Responsibility Index, the empirical results of the sample companies in 2012-2014 carbon disclosure score show that the average score of carbon disclosure situation is in the lower levels currently, but has a good development trend of rising year by year. At the same time, carbon disclosure average score of high pollution enterprises is higher than low polluting enterprises. In this paper, by using multivariate linear regression model in statisticalsoftware STATA to verify the influence of enterprise financial performance indicators to the carbon disclosure level, it is concluded that the profitability, debt level and social contribution ability and the level of enterprise carbon information disclosure show significant correlation. But there is no correlation between business development ability and carbon disclosure. By using correlation analysis to explore the correlation of carbon information disclosure and corporate market performance indicator, the result displays that the relationship is not significant. Finally the paper analyses the conclusion of the empirical research and puts forward some countermeasure and suggestion to improve the current situation of carbon information disclosure in our country, including improving enterprise’s ideas and consciousness of carbon information disclosure,formulating and implementing some related policies, regulations and government support of carbon information disclosure for enterprise; completing information disclosure system and carbon information should be brought into the mainstream of the report. The research intend to improve the state of carbon information disclosure in our country and promote the development of low-carbon economy.