Quality Of Listed Companies Develop The Ability To Carbon Disclosure

In this modern society, human development has an important relationship with environmental protection and the improvement of environmental management. With the rapid economic development, many vicious "environmental incidents" bring more shock to humans, and alert us with the awareness of environmental protection. Governments actively seek for good policies, trying to find a balance between environmental protection and economic development. From the beginning of the 21 st century, the Chinese government has been firmly adhered to the road of sustainable development, trying to achieve a better coordination of social development and environmental protection as well as to construct a beautiful new China. In recent years, the government has seen the insufficiency in disclosure of carbon information of listed companies, and starts to set unified standards in some aspects for listed companies such as how to disclose carbon information. Scientists at home and abroad also begin to dig deep into this aspect and have got some achievements.This thesis, by using the combined method of theoretical analysis and empirical analysis, firstly, reviews and summarizes related literature at home and abroad involving carbon information disclosure and development capacity, and then discusses related concepts, namely, the sustainable development theory, signal asymmetry theory, externality theory and voluntary disclosure theory. Secondly, with a combination of the characteristics of heavy pollution industry, the thesis describes the current situation of carbon information disclosure of listed companies and their development capacity, and gives in-depth analysis on the influence of the development capacity on carbon information disclosure of listed companies. After that, the thesis selects the data from more than 300 real estate listed companies of A shares in Shanghai and Shenzhen during 2010-2013 as the research sample, takes eight indicators which measure the listed company’s development capacity as the explanatory variables, and takes CDI, which is a measure for the level of carbon information disclosure of listed company, as the explained variable. With the aid of SPSS statistical analysis software, it sets up multiple linear regression models, and through the analysis of them, it analyzes the influence of development capacity of listed companies of heavy pollution industry in China on the quality of the carbon information disclosure. The results of the empirical analysis shows that factors of development capacity, namely, the growth rate of total assets, growth rate of basic earnings per share, operating income growth rate, growth rate of return on net assets and operating profit growth rate, have a great effect on the carbon information disclosure quality of listed companies of heavy pollution industries. And the thesis analyzes relevant causes. Finally, with a combination of the empirical conclusion, the thesis puts forwards suggestions from different aspects to improve the quality of carbon information disclosure of listed companies in heavy pollution industries.