Analysis Of The Impact Of Financial Factors On Environment Information Disclosure Under Government Regulation

Due to the influence of the transition and transformation of the overall social economic development,the environmental pollution in our country has become increasingly evident,and the economic development and environmental ecological balance become urgent problems to be solved.The strengthening of public awareness of environmental protection has also prompted the government to continue to take measures to control pollution,supervision of enterprises to effectively use limited nonrenewable resources,environmental quality gradually improved.As a very important means to communicate with the public,enterprises should make regular environmental information disclosure and provide information demanders with the treatment of environmental problems.At the same time,the company's environmental pollution problems are more concerned about the environment and government regulators and the public.In the process of information disclosure,the study of its influencing factors has gradually become the focus of research,such as the local environmental rules and the internal impact factors of the company.The author through the collection of relevant information,for now our country related environmental information disclosure level in the field of the actual situation,analysis of the relationship between enterprise financial characteristics and corporate environmental information disclosure,and will explore moderating effect of environmental regulation on the relationship between.This paper mainly through the research of listed companies of China's chemical industry environmental information disclosure level of the situation,analysis of relationship between corporate financial characteristics and corporate environmental information disclosure,and will explore moderating effect of environmental regulation on the relationship between.First of all,according to the legitimacy theory,agency theory,signal theory and political theory,the establishment of enterprise financial characteristics and the level of environmental information disclosure,the local government environmental regulation of the logical framework of the impact of the two.Secondly,in the process of environmental information disclosure mainly adopts content analysis method,through this method for most enterprises in China with the level of environmental information disclosure and the actual situation are described,the disclosure results significantly and quantitative and time etc..I will study in2013-2015 sample of chemical industry in Shanghai and Shenzhen two city companies as the research sample,through the annual report and social responsibility report their disclosure,thelevel of chemical enterprise environmental information disclosure is lower and more discrete;enterprise asset size is larger,they will have a higher level of disclosure of environmental information disclosure in the process of if the company's financial leverage,the use of more fully,so in the process of environmental information disclosure will have higher quality,better the financial performance of environmental information disclosure quality better,R&D capability and environmental information disclosure is positively related to the quality of.Environmental regulation on corporate performance,R &D capability respectively and to disclose the relationship has a positive moderating effect on the quality of environmental information,and enterprise scale,financial leverage and the quality of environmental information disclosure is not a positive regulatory role.Accordingly,this paper through the research that,from the perspective of the government,we must proceed from the specific process of supervision,all related to environmental information disclosure should be strictly formulated corresponding legal system,and constantly improve.In addition,we should also strengthen the implementation of laws and regulations;for enterprises,we must attach importance to environmental protection,especially the enterprise managers must pay more attention to corporate environmental information disclosure system,and continue to increase the intensity of the disclosure;and for the public,environmental protection must start from their own,to raise awareness of environmental protection,only everyone to enhance environmental awareness,to promote the government and enterprises,at the same time,can also set up some environmental NGOs and the government,and urge enterprises to implement the environmental information disclosure system.