The Study On Related Issues Of Chinese Corporate Environmental Information Disclosure

With the growing global environmental pollution,environmental issues have become imperative.Public's environmental awareness is continuously enhancing,which prompted the request for environmental information.Environmental information has become important information to measure corporate going concern and investment decision-making.Environmental information disclosure as a bridge for companies pass their environmental performance to outside,but also a channel to supervise enterprises in environmental protection by government departments and the public,which has been paid more attention.In the past 20 years,scholars had begun to study the environmental information disclosure issues,and governments also had been published related policies and regulations to constrain the behavior of enterprises.Chinese relevant laws and regulations of environmental information disclosure are still not perfect,and the researches are in the preliminary stage.However,the public's environmental awareness and concern about environmental pollution and governance continue to increase,and Chinese enterprises are faced with the pressure of environmental information disclosed and the growing demand for environmental information.Thus many companies have begun to disclosure of the environment information through different channels.Therefore,it is necessary to do study on issues related to corporate environmental information disclosure.This paper used theory and case research methods,combined by qualitative and quantitative analysis and comparative analysis of environmental information disclosure.Through specific analysis of both contents and channels understood the status of corporate environmental information disclosure in coal industry,and selected two companies at home and abroad for comparison analysis.Then summed up the problems of corporate environmental information disclosure,and in view of these issues propose improved policy and recommendations.This article is divided into six chapters.Chapter 1:In this section,it introduced the background,purpose and significance of this article,proposed research ideas,frameworks and methodologies,and introduced the innovation and weaknesses of this paper.Chapter 2:It reviewed the research of many scholars at home and abroad on environmental information disclosure.Chapter 3:This chapter was an overview of theories of environmental information disclosure.Firstly,it described the meaning of environmental information disclosure,the contents and channels of disclosure.Then introduced five theoretical foundation of environmental information disclosure:voluntary disclosure of information theory,signaling theory,the theory of corporate social responsibility,sustainable development theory and stakeholder theory.Finally,author analyzed the relationship between these five theories and environmental information disclosure.Voluntary disclosure of information theory and signaling theory were the driving force for environmental information to promote enterprise to disclose.The latter three theories were an external pressure of the enterprise,and passive motivation of disclosure of environmental information.Chapter 4:Author took the listed coal companies as an example,and specific analyzed the status of Chinese corporate environmental information disclosure.It mainly analyzed from the contents and channels of environmental information disclosure.The study found that the disclosure of environmental information had the following characteristics:non-monetary environmental information than monetary;more inclined to disclose positive information;unevenly distributed the items of disclosure;disclosure channels were not uniform;lack of uniform standards.Chapter 5:This section selected two companies representative at home and abroad,and analyzed from the different points to identify the inadequacies of our corporate environmental information disclosure.Chapter 6:in view of non-standard,incomplete,inaccurate,and low credibility of corporate environmental information disclosure,author proposed six specific recommendations.The mainly contribution of this paper is carried out a detailed analysis of environmental information disclosure of listed coal companies.A detailed analysis of contents and channels revolved the sample's environmental information disclosure,and compared the two companies at home and abroad on environmental information disclosure,summed up lack of environmental information disclosure,and for these deficiencies proposed suggestions.The weakness of this article is:Firstly,at the sample statistics,a number of environmental information and non-environmental information existed of cross,so it was difficult to accurately define,and therefore affected the judgment.Secondly,due to the dispersion of environmental information,it was inevitably that manual statistical analysis produced errors.Finally,only selected listed coal companies as examples,was the sample size small,and would the study results produce a certain bias.