Research On The Influence Of Ultimate Controlling Shareholder On Environmental Accounting Information Disclosure

In the economic level to the development of such a high speed today,the environmental pollution brought about by a heavy blow also followed Water pollution,land pollution,etc.has long been ineffective,and the new environmental problems once again threaten the daily life of the people safe.The past two years,the country suffered a serious haze in many areas,people will once again shifted the line of sight to the formation of pollution,which also makes heavy polluting enterprises become the focus of attention.The public awareness of environmental protection gradually increased,so more and more people began to attach importance to environmental protection,which prompted the company's external reporting of environmental information will be more people's attention.Foreign research on environmental information disclosure,mainly focused on the disclosure of the content,by what factors affect and report on the motive.Domestic research on its focus on the disclosure of content and factors,the purpose is to know and understand how these factors in the end affect the environmental information published in order to determine the level of environmental information disclosure.The domestic research is mainly related to factors such as corporate governance structure,operating results and external environmental impact,almost did not involve the ultimate control of the shareholders of the external environmental information on the study.But in essence,the controlling shareholder of the enterprise in the enterprise has a certain right to speak,you can report the disclosure of foreign companies.Therefore,this paper will study the ultimate control of the shareholders of the external report on the impact of the environment for China's enterprises how to improve the disclosure of environmental information to provide a reference.This article first carried out a certain literature to read,understand the corporate governance structure,operating performance and how the external environment affects the environment of external information report;At the same time,we study the relationship between the market value of the company,the accounting conservatism and the quality of the surplus information and the ultimate controlling shareholder,and understand the role played by the ultimate controlling shareholder in the operation of the enterprise.And combs the theory of social responsibility,sustainable development theory,agency theory,signal transmission theory and control private theory,as the basis of this hypothesis.In this case,this paper chooses the data of 657 listed companies in China's heavily polluting industries 2013-2015,through the establishment of environmental accounting information disclosure index,so that the level of information disclosure can be easily compared and measured,And its linear relationship with the ultimate control of the relationship between the shareholders of the regression analysis,the following views:(1)the ultimate control of shareholders for the state-owned enterprises,the environmental information published on the quantity and quality is significantly higher than the non-state enterprises;(2)the control of the ultimate controlling shareholder is positively related to the level of disclosure of environmental accounting information;(3)The separation of the ultimate control shareholder's control right and cash flow right is positively related to the disclosure quality of environmental accounting information.Through the correlation analysis and empirical test of the data,it is found that the level of environmental accounting information disclosure in China's heavy polluting industry is not very high.Therefore,it is necessary to strengthen the construction of this law and improve the disclosure requirements of its contents,so that enterprises in environmental accounting Information disclosure can be more active;At the same time,the disclosure of corporate environmental accounting information at this stage is mainly trapped and the interests of the enterprise point of view,should focus on strengthening the disclosure of the causes of research,making the disclosure can be proactive.