Research On The Impact Of Environmental Accounting Information Disclosure Of Listed Companies In Paper Industry On Their Financial Performance

Since the reform and opening up,with the sustained and steady development of the national economy,the Chinese paper industry has also undergone tremendous changes.At the same time,the concept of green mountains and green waters and green development is deeply rooted in the hearts of the people.The public's requirements for the environment are getting higher and higher,and the state has stepped up efforts to rectify environmentally polluting enterprises.Due to its unreasonable raw material structure,scale structure and low level of technical equipment,China's paper industry has a high consumption of water,energy and materials,and has become one of the sources of natural resource pollution.Environmental accounting information disclosure has gradually entered the public eye and has become the focus of public attention.In the current context,there are still many blind spots in the disclosure of environmental accounting information of listed companies in China's paper industry.Based on the environmental accounting information disclosure of listed companies in the paper industry,this paper conducts in-depth research and analysis on the financial data of 18 listed companies from 2004 to 2017,and uses the content analysis method to construct environmental accounting information disclosure indicators and conduct empirical tests.There is a negative correlation between them.The research characteristics of this paper are the selection of research angles,taking the paper industry as the entry point,focusing on the impact of environmental accounting information disclosure on corporate financial performance.The research in this paper has certain value,which can not only serve as a reference for the effective improvement of environmental accounting information disclosure level of listed companies in the paper industry,but also provide a theoretical basis for the optimization of enterprise management level,which will be a rapid,sustained and healthy development for the future of enterprises.To promote.This article consists of five parts.The first part is the introduction.It mainly expounds the topic selection from the theoretical back ground,practical background,theoretical value and practical value.It combs the relationship between domestic and foreign scholars,experts and industry insiders on the disclosure of environmental accounting information and financial performance.The second part is to clarify the theoretical basis of the article,make the research theory more solid,and define the relevant theoretical knowledge.The third part analyzes the financial performance of the company through three aspects: profit,operation and debt repayment.In the fourth part of the article,the content analysis method is used to construct the environmental accounting information disclosure index,and the environmental accounting information disclosure index is used as the explanatory variable.The return on net assets is the explanatory variable.The asset size,enterprise nature,asset-liability ratio,income growth rate,and five indicators of the environmental protection department are used as control variables to reflect the financial performance of the enterprise.Descriptive analysis,correlation analysis and regression analysis of data indicators are performed using SPSS and Excel software..After empirical test,this paper finally concludes that there is a negative correlation between environmental accounting information disclosure level and financial performance of listed companies in the paper industry,and analyzes the impact mechanism of each research result,and then from two different perspectives of enterprises and government.Taking environmental accounting information disclosure as the starting point,it proposes improvement suggestions for the paper industry listed companies to improve their financial performance.The article summarizes and forecasts in the fifth part,pointing out the innovations and existing shortcomings of the research.