Empirical Study On Environmental Accounting Information Disclosure Of Listed Companies In The Silk Road Economic Belt

The aggravation of environmental pollution and the frequent outbreak of environmental events is the result of lack mechanism of environmental accounting information disclosure of listed companies.In this paper,344 listed companies in the Silk Road Economic Zone are selected as the research object.By examining the annual reports,social responsibility reports and environmental reports of listed companies in 2013-2015,the paper analyzes the disclosure quantity,disclosure mode and disclosure contents of environmental accounting information.It has been studied that the lack of comparability,environmental awareness,motivation for environmental certification and the neglect of the management functions of environmental accounting are internal problems,as well as the external factors such as the lack of standard constraints,environmental accounting information disclosure legal system is not perfect,the relevant departments in charge of supervision and incentive measures are not in place and so on.Based on the regional characteristics and current situation,this paper constructs the environmental accounting information disclosure evaluation system of listed companies by using content analysis method.This paper selects 28 indicators from seven dimensions consist of debt level,operational capacity,profitability,development capability,cash strength,internal governance mechanism and external governance mechanism.In this paper,the explanatory variables is determined by factor analysis,and the influence factors of environmental accounting information disclosure index are tested by correlation analysis and regression analysis.On the aspect of the company's internal,the working capital turnover rate and operating cost ratio are significantly positively correlated with the environmental accounting information disclosure index.The net profit growth rate is significantly negatively correlated with the environmental accounting information disclosure index.On the aspect of the company's external,the nature of the property rights and the size of the company are significantly positively related to the environmental accounting information disclosure index.The separation of the two positions of the general manager of the board of directors is significantly negatively related to the environmental accounting information disclosure index.Therefore,this paper proposes to strengthen the company's management awareness of environmental protection,promote environmental certification,speed up asset turnover and quality improvement measures from the micro-level.At the same time,it is necessary to promote the construction of environmental protection culture,formulate environmental accounting standards,impose environmental taxes and strengthen the supervision and management of the environment from the macroscopic aspect to improve the level of environmental accounting information disclosure.