The Impact Factor's Substantial Evidence Study Of The Environment Accountancy's Information Disclosure Of Our Country Listed Company

The implementation of sustainable development strategy, preventing pollution and environment protection is an important guiding principle of the tenth five-year plan in China. And environmental accounting is advocated as the tool of economic management and environment protection. At present, we should attach importance to the enclosure of environmental information, for it is the starting point of environmental accounting.The general idea of this paper is to research these questions analytically and empirically. On base of the principal-contract theory, information asymmetry, signal theory, combining the research method and conclusion of former literature and the special research background in China, this paper develop our hypotheses and research the determinants of one modified opinion from five aspects that are corporate governance, the scale of the company, owed debt degree, profit ability, the growth and place.This paper filtered 850 company from Shenzhen and Shanghai stock market are included in doing empirical research. Considered eight factors that related voluntary to public environment accounting information of listed company. Then, logistic and multivariate regression is employed to empirically research. The results are summarized below:in the variables about corporate governance, tradable ownership and concentration of ownership are significantly influencing the level of environmental information disclosure. Regression consequence demonstrates that the scale of the company, profit ability, the growth and place are positively relate to environment accounting information disclosure. This conclusion is that large scale, accomplishment good, the growth company have a trait of disclosing more environment accountancy's information. Through delivering an information to deliver, announce to public the company's value. Finally, based on the front studies, this paper puts forward some advice to improve the level of environmental information disclosure, such as perfected company manages structure, released guide and Strengthened lawmaking.