Research On The Relationship Between Environmental Information Disclosure And Financial Performance Of Shandong Gold Company

Today,our economy has developed rapidly.However,along with the blooming economic development comes with environmental pollution consequences such as the indiscriminate release of harmful substances and toxic gases,the consumption of nonrenewable resources,as well as consequences lead to the decline of biodiversity,it has become increasingly prominent.In order to achieve the common development of the economy and the green environmental protection,the concept "sustainable development" is deeply rooted in the mind of the public.Enterprises,as the main force of economic development,should implement sustainable development in the end.The environmental information disclosure of enterprises,as the link between environmental protection and economic activities,the relevant China Government departments have also issued a series of laws and regulations to regulate the behavior of environmental,and use environmental information disclosure to further enterprises realize sustainable development.In recent years,most companies have not taken any count of sustainable development and the government-issued enterprise environmental information disclosure,Low level of environmental information disclosure,the disclosure is too simple and other problems can not be solved.it makes crucial to study the core relationships between corporate environmental information disclosure and its financial performance.Based on this background,this article selects the leading enterprise in China's non-ferrous metal mining and mining industry,“Shandong Gold”,to use environmental information disclosure status also relevant financial information as research objects,plus combine case analysis,qualitative analysis,what's more,quantitative analysis to compare,furthermore analyze.Law and other research methods,analyze the relationship between Shandong Gold environmental information disclosure and financial performance to put forward relevant opinions to advance the level of corporate environmental information disclosure and financial performance.This article reviews the domestic and foreign researchers study on the relationship among corporate environmental information disclosure,environmental information disclosure,and financial performance.Defined related theories such as environmental accounting,and introduced the corresponding theoretical basis.Then,the basic situation,environmental information disclosure status and financial status of Shandong Gold Company were described.After that,it analyzes the motivation of environmental information disclosure in Shandong Gold,the disclosure of environmental information,and the disclosure of financial information and financial performance of Shandong gold environment.Among them,the financial performance evaluation uses the financial indicator method and the economic value-added method.Through the vertical and horizontal comparison of Shandong gold,it is concluded that Shandong Gold has a positive correlation between environmental information disclosure and financial performance under the general report analysis,financial index analysis,and economic added value analysis.Compared with the financial performance of Zhongjin Gold(low level of environmental information disclosure),Shandong Gold's financial performance is better.Combining the results of financial performance evaluation and the motivation of environmental information disclosure,this paper analyzes the reasons for the better and better information disclosure status of Shandong gold environment,and draws a series of enterprises to improve the disclosure level of corporate environmental information: First,the government,enact the environment Information related policies and regulations,implement the reward and punishment system;increase subsidies for corporate environmental protection;establish a corporate financial performance evaluation mechanism.Second,on the enterprise side,we will pay more attention to environmental information disclosure;improve the content and methods of environmental information disclosure;and improve profitability.Third,the media and the public,disseminate the advantages of environmental information disclosure;praise companies with good environmental information disclosure.