Research On The Correlation Between The Quality Of Carbon Accounting Information Disclosure And Corporate Financial Performance

"Low-Carbon Economy(LCE)" is a new concept proposed by the international community to cope with the catastrophic changes in the global climate caused by a large amount of carbon dioxide and sulfur dioxide emissions.It is an economic model based on low energy consumption,low pollution and low emissions.With the development of low carbon economy,all countries in the world have begun to take measures to adjust the structure of social industry and promote the transiormation of the traditional high carbon economy model to the low carbon economy model,thus the concept of "carbon accounting" has emerged.Domestic and foreign scholars have begun to carry out theoretical research and practical exploration of carbon accounting.And at the same time,the disclosure of carbon information and carbon accounting information has attracted the attention of the government and stakeholders,and has had different degrees of influence on the company 5s production and management,financial situation.investment and financing decisions and so on.In China,nLow-Carbon Revolution1 in the background of global low-carbon economy is both a challenge and an opportunity.so it needs to be further strengthened in the research of carbon accounting theory and other aspects.In addition,the theory of carbon accounting applicable to China should be put forward and actively iltegrated with the international system.With the improvement of China's carbon trading system and the maturity of the carbon trading market,the disclosure of carbon information and the disclosure of carbon accounting information have affected the financial performance of enterprises to a certain extent.especially those enterprises with high carbon emissions.Based on the above situation,this paper mainly discusses the correlation between the quality of carbon accounting information disclosure and tlle financial performance of listed conpanies in China by selecting a representative industry---a heavy pollution industry as a breakthroim1 point.By using the information analysis method,the index is constructed to measure the quality of carbon accountinc,information disclosure of enterprises,and by using thc panel data of 704 listed companies in 2012-2016 years,and with the corporate governance as the regulating variable,multiple linear regression equation is constructed to empirically analyze the correlation between the quality of carbon accounting information disclosure and financial performance.The results show that the profitability,the development ability and the debt paying ability of the listed companies in heavy pollution industries are negatively related to the quality of carbon accounting information disclosure,and the regulation of corporate governance structure on the quality of carbon accounting information disclosure and financial performance is not obvious.According to the research results,the corresponding countermeasures and suggestions are put forward:the academic circles should vigorously promote the carbon accounting theory research and empirical research;the government strengthens its supervision and guidance role in the disclosure of carbon accounting information,and actively carries out the relevant legislative work;enterprises introduce performance evaluation indicators related to low-carbon economy and carbon emissions,strengthen internal supervision,and cultivate the complex-type people needed for carbon accounting,and in particular,heavy pollution industries should take the lead and actively disclose carbon accounting information and carbon information.