Research On The Relationship Between Disclosure Of Safety Accounting Information And Corporate Performance

The topic of safety is a topic that human society has never changed and has always paid attention to.Safety demand is one of the five major needs of Maslow’s level demand theory.Safety production is crucial to economic and social development and stability.Safety accounting information disclosure has become a hot topic of current social concern.In terms of industry classification,the mining industry is a high-risk industry,and the situation of safe production is particularly severe.The need for safe production is particularly urgent,and the responsibility for safe production is particularly important.Therefore,this article starts from the level of safety accounting information disclosure of listed companies in the’extractive industry.The purpose of analyzing the relationship between it and the value of the company is to promote enterprises to actively fulfill their social responsibilities and actively improve the quality of safety accounting information disclosure,especially the disclosure of voluntary information.In this paper,the content,form and content of safety accounting information disclosure are summarized,and the panel data of 91 listed companies in Shenzhen and Shanghai mining industries from 2011 to 2016 are selected as samples.The safety accounting information is divided into 5 categories and 15 sub-categories.The disclosure level of safety accounting information of each enterprise is obtained,two assumptions are put forward,and a model is established.The relationship between the disclosure level of safety accounting information of listed companies in extractive industries and the value of companies is studied.The government’s supervision can significantly promote the level of safety accounting information disclosure.With the increase of government’s supervision on safety,the higher the level of voluntary safety information disclosure.The higher the level of safety accounting information disclosure,the higher the value of the enterprise.In addition,this paper analyzes the effect of the five information disclosure carriers on the value of the enterprise.The results show that the different disclosure vectors have different effects on the value of the enterprise.At present,companies use the carrier of board reports,financial statements and notes to disclose safety accounting information.These two carriers can play a significant role in enhancing the value of the company.Social responsibility reports,internal control evaluation reports,and important matter reports play an important role in enhancing corporate values,but they are not significant.Enterprises should also pay attention to information disclosure through social responsibility reports,internal control evaluation reports,and important matter reports.