Evaluation Of The Environmental Accounting Information Disclosure Level Of Coal Listed Companies

As a heavily polluted industry concerned by the Ministry of Environmental Protection,the coal industry needs to disclose environmental accounting information timely to the government and the public in detail,which is not only the embodiment of enterprises carrying out environmental management and performing environmental protection duties,but also an important means for the government to carry out environmental supervision.However,the lack of unified standards makes the level of environmental accounting information disclosure of coal listed companies uneven,which cannot meet the environmental management requirements of enterprises,governments and the public.Therefore,it is necessary to establish an index system to evaluate the level of environmental accounting information disclosure of coal listed companies.On the basis of information asymmetry theory,stakeholder theory and principal-agent theory,coupled with the institutional and guiding documents of our country,and the existing research results,the paper adopts content analysis method to establish the evaluation index system of environmental accounting information disclosure level that conforms to the production and operation of coal listed companies.Based on the theory of Poset,this paper evaluates the level of environmental accounting information disclosure of coal listed companies.According to the HASSE map of disclosure level,22 coal listed companies are divided into two categories.Through non-parametric test,it is verified that there are significant differences in environmental accounting information disclosure level of coal listed companies with different regions,different financial characteristics,different governance structures and different levels of external supervision.The results show that the enterprises of first type,with higher level of environmental accounting information disclosure,mostly locate in the eastern and central regions.These enterprises have larger assets,better profitability and higher proportion of independent directors.Meanwhile,most of them have set up the audit committees and hold the higher supervision level from the government of registration place and society.The enterprises of second type,with lower level of environmental accounting information disclosure,mostly center on the e central and western regions.By contrast,all aspects of these enterprises are inferior to those of the enterprises of the first type.Some relevant suggestions are put forward according to the study results.From the point of view of the government,it is necessary to formulate a unified standard for environmental accounting information disclosure and strengthen environmental protection supervision.As an enterprise,it is urgent to optimize finance,enhance competitiveness and improve internal governance.Besides,the enterprises ought to be encouraged to employ the top 10 accountingfirms.