| Environment is currently the focus of attention in theory and practice,and environmental accounting information disclosure plays an important role in improving environmental issues and promoting carbon peaking and carbon neutral goals.At present,the overall level of domestic environmental accounting information disclosure is not high,and a complete theoretical framework and disclosure system has not yet been formed.The corporate governance structure determines the way of environmental accounting information disclosure,and the government also needs to promote the implementation of relevant policies by regulating and motivating the governance and management.Therefore companies must pay attention to the impact that corporate governance has on them.The petrochemical industry occupies a pivotal position in the national economy and is also one of the heavily polluting industries with high environmental risks.This paper examines the impact of corporate governance on environmental accounting disclosure in the petrochemical industry,starting from corporate governance and using empirical evidence and other methods.This paper takes the A-share listed companies in petrochemical industry in Shanghai and Shenzhen markets from 2016 to 2020 as the research object,and uses content analysis method to construct environmental accounting information disclosure index(EDI)to evaluate the quality of environmental accounting information disclosure,and studies the influence on the quality of environmental accounting information disclosure from the perspective of three characteristics of corporate governance,namely,the size of independent directors,the size of supervisory board,and the integration of two positions,respectively,and considers on this basis The impact of the nature of enterprise ownership on the quality of environmental accounting information disclosure.Further,environmental accounting information disclosure is divided into six aspects according to quality evaluation criteria,and the influence of corporate governance characteristics and other factors on the six aspects is investigated empirically.Finally,GH Company and LS Company are selected as cases to compare and analyze their corporate governance and environmental accounting information disclosure to confirm the important role of corporate governance on environmental accounting information disclosure.The study shows that(1)the size of the board of directors,the size of the supervisory board,and the nature of ownership are significantly and positively related to the quality of environmental accounting disclosure,respectively;(2)the combination of two offices is significantly and negatively related to the quality of environmental accounting disclosure.(3)The size of independent directors,the size of the supervisory board,the integration of two offices,and the nature of ownership each contribute either positively or negatively to the quality of environmental accounting disclosure through six sub-indicators.The possible innovations of this paper are:(1)Most of the existing related researches take environmental accounting information disclosure as a whole to study its influencing factors,on the basis of which this paper subdivides the environmental accounting information disclosure methods and contents into six parts and explores the influence of corporate governance on these six aspects respectively,which expands the related research on the influence of corporate governance on environmental information disclosure.(2)The current empirical studies on the influence factors of environmental accounting information disclosure are less independent for the petrochemical industry,and the research in this paper enriches the research on the petrochemical industry.(3)The issue of ownership nature in the context of our special system is incorporated into the study of environmental accounting information disclosure.This paper contributes to enrich the literature on corporate governance of SOEs.In conclusion,this paper enriches the research on environmental accounting information disclosure,provides theoretical support for enterprises and regulators,and helps to promote the development of environmental accounting information disclosure in the petrochemical industry. |
