Research On The Relationship Between Corporate Governance,Earnings Management And Environmental Information Disclosure

In recent years,the frequent environmental pollution problems has aroused the public's attention and the attention of relevant departments.Environmental information disclosure,as an independent and effective pollution control measure,can limit the sources of pollution by the reaction of the market and the public.While pursuing the maximization of profits,enterprises are also gradually paying attention to environmental protection and disclosing relevant environmental information.Theory of signal transmission based on information economics indicates that the enterprise owns private information about the environment,and environmental information has become an important basis for the evaluation of the enterprise value.Therefore,enterprises that value the environment are different from those that have poor environmental performance Enterprises,will actively disclose environmental information.And if based on the legitimacy theory in political sociology,it is manifested that the enterprise expects to disclose the environmental information to influence the public's cognition of the environmental performance of the enterprise and conduct the legal environmental information management.The issue of earnings management has always been the focus of academia and practice.A series of financial frauds have caused serious harm to investors as well as severely affected the healthy development of China's securities market.More and more scholars study the causes and influencing factors of corporate earnings management in an all-round and deep-going way from different angles and strive to prevent and restrain the company's earnings management behavior.However,in fact,accruals are only one aspect of earnings management,and the space is relatively small,the means is relatively simpleand easy to be found.In contrast,real earnings management is more difficult to identify mainly by changing the timing or structure of the company's operating activities in order to increase its current income.And from practice,we can see that with the constant improvement of accounting standards and strengthening supervision,the accrued earnings management space is gradually narrowing,and enterprises tend to be true earnings management.In this context,the study of real earnings management has gradually become a very realistic research topic.This paper focuses on whether the disclosure of environmental information is used as a compensation mechanism for earnings management and the impact of corporate gover nance on this compensation mechanism for companies with earnings management.This is a field of research not covered by previous scholars,based on the domestic and foreign literature on the basis of combing to China's current national conditions as the background and relevant data based on empirical research methods to study China's environmental information disclosure.This paper will focus on the relationship between earnings management and environmental information disclosure,and what role has corporate governance and external audit played,to put forward suggestions for the development of institutional investors and the improvement of environment information disclosure system in our country.