Research On The Influence Of The Ultimate Controller On The Environmental Accounting Information Disclosure Level Of Listed Companies In Heavy Pollution Industry

Nowadays,while pursuing rapid economic development,we have also neglected a large number of "sequels" caused by it.Due to the extensive economic development mode in China,the situation of resource shortage and environmental pollution has caused a large-scale environmental pollution and serious impact.The health of the people,and the serious problems caused by environmental pollution are also increasing.The number of cases of employees of heavily polluting enterprises dying from pollution is so numerous that the public and the state once again set their sights on it.In addition to the central government's macro-control of environmental protection and direction guidance,the central government must identify the source of pollution and curb the source at the source.Then,enterprises need to actively and consciously respond to national policies.Finding the reasons from itself,the company consciously fulfills its environmental protection obligations.On the one hand,it is to ensure that the environment is not damaged.On the other hand,it also ensures the long-term development of the enterprise itself.Environmental accounting information disclosure is a good way to protect the environment.I found the source of the problem for the company itself.Evidence of data,but also provides a reference guide for the state of environmental issues direction.Due to historical reasons,the shareholding structure of listed companies in China is quite special,which leads to the general occurrence of the "controlling" private benefits of the ultimate controller.In addition,China's special state-owned enterprise reform experience has caused China's ultimate controller property to occupy a large proportion of state-owned listed companies in the industry.This shows that China's situation is very different from that of foreign countries,making China's ultimate controller have information disclosure.Different decisions make this a new perspective for the study of environmental information disclosure.Based on the above institutional background and the practical needs of China,this paper draws on the existing research results at home and abroad.This paper selects the three-year data of listed companies in the heavily polluting industry from 2015 to 2017 as a sample for analysis,collects and analyzes the social responsibility annual report,and builds The Tobit model performs regression verification,and carries out correlation verification and regression analysis on the ultimate controller's control right,cash flow right,separation of two powers and ultimate controller attributes.The main conclusions and enlightenments formed are as follows:1 The level of environmental accounting information disclosure in China's heavily polluting industries is at a relatively low level,and the disclosure content is relatively simple.Therefore,it is necessary to strengthen the construction of laws in this area and improve the disclosure requirements for its contents,so that enterprises in environmental accounting information The disclosure aspect can be more proactive.2 The greater the control of the ultimate controller,the more concerned it is with the long-term development of the company.The disclosure of environmental accounting information is a responsible performance of the company's environmental responsibility.It establishes a corporate image and attracts investors eyes.effect.3 The ultimate controller's cash flow rights are negatively correlated with the level of environmental accounting information disclosure.The greater the cash flow rights of the ultimate controller,the smaller the agency conflict with the minority shareholders,and the easier it is to give up the high interest in order to obtain current benefits.The environmental responsibility of the cost requires us to improve the internal control system of accounting information of listed companies,to ensure the quality of accounting information,and to establish a risk control system to improve the company's ability to stress.5 The ultimate controlling shareholder is a state-owned enterprise.The level of environmental accounting information disclosure is higher than that of non-state-owned enterprises,and the information quality gap between the two is relatively large.Therefore,we should vigorously promote the ultimate control mechanism of behavior control in China's special context.Establish and guide state-owned enterprises to be the"leaders" of the industry,follow the direction of national policies,and guide the overall industry to move in the right direction.