Research On The Evaluation And Influencing Factors Of Baosteel Environmental Information Disclosure

In recent years,with the rapid development of China's economy and the advancement of industrialization,the problem of environmental pollution has become increasingly prominent.Environmental pollution incidents have occurred from time to time.Chairman Xi Jinping pointed out at the Party's Nineteenth Congress: “The modernization we want to build is the modernization of the harmonious coexistence between man and nature,and we must create more material wealth and spiritual wealth to meet the people's growing needs for a better life.We must also provide more quality ecological products to meet the people's growing beautiful ecological environment needs." Balanced economic development and environmental protection,create a good production and living environment for the people,is an important goal of our future development,but also our country's social and economic sustainable development the key issue.Therefore,the purpose of Baosteel's environmental information disclosure evaluation and influencing factors research is to hope that Baosteel's environmental information disclosure situation can identify the influencing factors that affect corporate environmental information disclosure;through the evaluation of the disclosed environmental information,the current problem of the quality of corporate environmental information disclosure is not high.It provides reasonable suggestions for the relevant functional departments of the government and provides reference for them to formulate relevant policies,laws and regulations,so as to promote the better development of the enterprise.In this social context,the research on the evaluation and influence factors of environmental disclosure of listed companies has important theoretical and practical significance.We mainly use literature research methods,case study methods,induction and deduction methods and comparative analysis methods.Through combing the evaluation of environmental information disclosure by companies and scholars whose in homeland and abroad,and literature on influencing factors,we use externality theory,ecological modernization theory,stakeholder theory,principal-agent theory,and information asymmetry theory as guidance to Baosteel's environmental information.We disclosed the background for analysis.The scores of Baosteel's environmental information disclosure from 2009 to 2016 were scored in terms of relevance,reliability,and comparability.The results show that Baosteel's starting point score is relatively high,and continues to obtain high scores.In 2011,it scored the highest score,followed by a slight decline in scores,showing a steady trend.It shows that the quality of Baosteel's environmental disclosure has always been better.Research shows that the disclosure of environmental information of listed companies will be affected by many complex factors.This paper discusses the differences in the disclosure quality of environmental information from several aspects,including institutional factors,regional factors,corporate governance,and business performance.Among them,environmental system factors have the greatest impact,and unexpected events will increase the willingness of listed companies to disclose environmental information.This shows that the incentives for listed companies to disclose environmental information are more to avoid negative effects and confession than confession.