Fosun Pharma’s Environmental Accounting Information Disclosure And Corporate Value Correlation Research

In recent years,the relationship between human beings and the environment has become very tense.In order to survive and develop,human beings have increased the development and utilization of ecological resources.However,it is in this process that a series of environmental problems have arisen.General Secretary Xi Jinping has repeatedly emphasized the importance of ecological civilization construction.However,some companies always insist on the supremacy of economic interests,and fail to undertake the social responsibility of protecting the environment on the road of increasing the company’s profit value.Does such behavior add real company value to the company? Based on the above phenomena and behaviors,this paper conducts in-depth research on Fosun Pharma,a leading company in the heavy pollution industry.In the early stage,I read a large number of domestic and foreign documents,and used the literature research method to summarize and obtain the current research status of the correlation between environmental accounting information disclosure and company value.Sorting out the relevant theoretical knowledge and analyze the second half of this article to provide a systematic theoretical knowledge system.Secondly,the sample data of 63 listed companies in the heavily polluting industry—pharmaceutical manufacturing industry are selected to conduct an empirical study on the correlation between the environmental accounting information disclosure of the industry and the company value,so as to obtain the correlation results.Then,Fosun Pharma,a leading company in the pharmaceutical manufacturing industry,was selected as the specific case study object,and the content analysis method was used to construct the environmental accounting information disclosure index evaluation system of Fosun Pharma,and calculate the index change trend chart of the company from 2008 to 2020.Next,based on the previous literature review and theoretical basis,the company’s environmental accounting information disclosure status,company value,and operating conditions were analyzed.Due to the impact of the epidemic,the company conducted an in-depth study on the correlation between the company’s environmental accounting information disclosure and company value from 2008 to 2019 by using the comparative analysis method.And drilling out the impact path between the two.Finally,putting forward constructive opinions,and providing scientific and reliable research results for the development of environmental accounting in our country from the company itself and the government based on the previous analysis.This paper uses the empirical research method to judge that there is a positive correlation between the environmental accounting information disclosure of the pharmaceutical manufacturing industry and the company’s value and cost of capital.Through the case study method to deeply explore the correlation between the environmental accounting information disclosure of Fosun Pharma and the company’s value.This paper draws the conclusion that the company’s value can be improved by reducing the cost of capital through the improvement of environmental accounting information disclosure.Secondly,it is also found that the disclosure of environmental accounting information will have a hysteresis effect,which will affect the company’s value.Therefore,the analysis results of this paper can not only help improve the quality of environmental accounting information disclosure of Fosun Pharma and enhance the value of the company,but also provide a theoretical basis for the government to improve the policy system.