The Empirical Research On Influencing Factors Of Environmental Accounting Information Disclosure Of The Listed Companies

In 2015, the implementation of the new "Environmental Protection Law", means that the government began to deal with increasingly serious environmental problems with "killer mace", as the main maker of the environmental pollution the enterprise is be the first to bear the brunt. As to avoid environmental risk and to fulfill the social responsibility the enterprises should disclosure environmental accounting information actively.Environmental accounting is result from the green development, committed to the sustainable development of some relative enterprises. As an important content of environmental accounting, environmental accounting information disclosure have an important theoretical and practical significance for improving the traditional financial accounting system and promoting the development mode of circular economy that combine economic benefits with environmental benefits. Iron and steel industry is the basic industry in China, occupies an important position in the national economic system,but it is also belong to the heavy pollution industry and is the key industry of economic structure adjustment and environment renovation. Therefore, this paper chooses iron &steel industry to research. Through empirical research on the influencing factors of environmental accounting information disclosure of listing corporation in iron and steel industry, and then explore the way to enhance the environment accounting information disclosure level of steel corp.In the theoretical part, the article first discusses the background and significance of the environmental accounting information disclosure influence factors of the listing Corporation of the iron & steel industry, summarize the research results about environmental accounting information disclosure of Chinese and foreign scholars.Followed by an analysis of the definition and elements of environmental accounting, and summarize four basic theories of the environmental accounting information disclosure:Sustainable development theory, Social responsibility theory, Asymmetric information theory and Game theory. Finally, elaborate the system status of the environmental accounting information disclosure of steel crop based on the standards developed by the environmental protection department, the finance department, the securities regulatory department. Analysis of the present practice situation of iron & steel listing Corporation of environmental accounting information disclosure from the disclosure content, style,quality relies on the sample data of steel corp.In the empirical part, this paper selected the data from 2009 to 2013 of 22 listing Corporation of iron and steel industry as the research object, analysis of the factors affecting the environmental accounting information disclosure of the listing corporation in iron & steel industry. Firstly, made the research hypothesis assumes that there is significant effect on the environmental accounting information disclosure level of firm size, leverage,profitability capacity, the proportion of tradable shares, ratio of state-owned shares, the proportion of independent directors, and whether company publish social responsibility report, company’s geographic location and set up environmental protection department.Then, through the calculation of environmental accounting information disclosure index based on the scoring system, build the regression equation, conduct the descriptive statistical analysis, multiple col-linearity analysis, F-test and linear regression empirical analysis. Finally, get the conclusion that there is a significant positive correlation between the level of environmental accounting information disclosure of iron & steel crop and the company scale, leverage, profitability capacity, the proportion of tradable shares,issuing social responsibility report, the company’s geographic location and set up environmental protection department. The last part of the article is summarize the results of the empirical study, and according to the conclusion of the study put forward the suggestions to improve the environmental accounting information disclosure level of the listing corporation of iron & steel industry from internal and external of company.