Study On The Correlation Between The Outside Supervision Mechanism And Safety Accounting Information Disclosure Of High-risk Listed Enterprises

In recent years, with the development of economy and enhancement of enterprise’s safety awareness, total safety accidents in our country have been decreasing year by year.But due to the big accident base, the total number of safety accidents is still large. And enterprise’s status of safe production is still not optimistic.Enterprise Safety Accounting Information Disclosure means that the enterprise will publicize accounting information relating to the safe production. And this is an important information source for stakeholders to know about enterprise’s safe production. In 2012,“Solutions on Extraction, Use and Management of Enterprise Safe Production Expenses”was passed. It stipulates in detail the extraction and use standard on high-risk industry safe production expenses, to some extent also standardizes the high-risk profession Safety Accounting Information Disclosure and the behavior of enterprise’s safe production. The body of the external supervision from outside of the enterprise, usually do not directly involve in the enterprise management. Therefore, external supervision will be more effective on watching the behavior of enterprise safe production. On the one hand, a complete system of Safety Accounting Information Disclosure is beneficial to the enhancement of external stakeholders’ supervision on enterprise production and operation;on the other hand, effective External Supervision Mechanism can enhance the enthusiasm and effectiveness of Enterprise Safety Accounting Information Disclosure. Therefore, it is of great significance using empirical research methods to explore the external supervision’s influence on the Safety Accounting Information Disclosure.Based on this research background, this paper first analyzes and evaluates on the academic achievement relating to Safety accounting; defines the External Supervision Mechanism and Safety Accounting Information Disclosure; and analyzes the Principal-agent Theory, Information Asymmetry Theory, Social Responsibility Theory,Stakeholder Theory, the Stewardship Theory and the theory of the Separation and Restriction of Power. Then, separately from three angles, that is, the external supervisors,independent directors supervision and independent audit supervision, the paper carries on a theoretical analysis of external supervision’s influence on Safety Accounting Information Disclosure and forms a hypothesis. Next, the paper selects 231 enterprises, mainly distributing in six industries such as petrochemical plastics industry, manufacturing,construction, mining, transportation, metal, and nonmetal industry, as the research object;makes the 2012-2014 annual report of listed companies and the CSMAR database as the data sources; establishes the multiple linear regression model and analyzes the correlation between the external supervision and Safety Accounting Information Disclosure of high-risk listed enterprises in our country. The empirical results show that the external and independent’s supervision can promote the level of Safety Accounting Information Disclosure. What’s more, under the condition of full information disclosure, the external audit plays a slight role of improving the consciousness of enterprise Safety Accounting Information Disclosure. Finally, the paper puts forward a few suggestions of Safety Accounting Information Disclosure and looks forward to the further research.