Ownership Structure,Environmental Regulation And Environmental Accounting Information Disclosure Quality Research

China's reform and opening up more than 40 years,the sustained economic growth has also caused many environmental pollution problems.Listed companies,as the largest economic actors that cause environmental pollution,discharge various pollutants in the process of production and operation are the main causes of environmental pollution.The emergence of environmental pollution promotes the development of environmental accounting theory,and also promotes the research on the quality of environmental accounting information disclosure.Through the environmental accounting information disclosed by the listed company,the shareholders,the government,the public and other stakeholders other than the management of the listed company can obtain the information about the environmental impact of the listed company's production and business activities.However,China has not yet established a sound environmental accounting information disclosure system,and listed companies' environmental information disclosure cases are increasing,the authenticity and comprehensiveness of environmental accounting information needs to be strengthened.The quality of environmental accounting information disclosure is influenced not only by the internal governance structure of listed companies,but also by the external legal environment,marketization process,geographical location and other factors of listed companies.On this basis,this paper studies the relationship between ownership structure,environmental regulation and environmental accounting information disclosure quality of listed companies in Shanghai heavy pollution industry.From government regulation and the punishment of the selected samples of heavy pollution industry company,for three consecutive years from 2015 to 2017 sample companies as the research object,using literature analysis,qualitative analysis and the empirical approach,the principal-agent theory,asymmetric information theory and legitimacy theory basis,key research sample company equity structure of ownership concentration and equity balance degree,the nature of the institutional investors holding,equity,and environmental accounting information disclosure quality,the relationship between environmental regulation and environmental accounting information disclosure quality,the relationship between As a moderating variable,environmental regulation plays a moderating role in the relationship between ownership structure and the quality of environmental accounting information disclosure.The research shows that: first,the quality of environmental accounting information disclosure of listed companies continues to rise,but the quality is low and the improvement is slow;Second,from the perspective of ownership structure,the relationship between thequality of environmental accounting information disclosure and ownership structure of listed companies is correlated and significant.Specifically,there is a positive correlation between the quality of environmental accounting information disclosure of listed companies and the ownership concentration degree,a negative correlation between them and the ownership balance degree,a negative correlation between them and the shareholding ratio of institutional investors,and a positive correlation between them and the ownership nature.Third,from the perspective of environmental regulation,the relationship between the quality of environmental accounting information disclosure of listed companies and environmental regulation is positively correlated,and significant.Fourth,from the perspective of regulatory variables,in addition to the nature of ownership,environmental regulation has a positive regulatory effect on the relationship between the other three variables of ownership structure and the quality of environmental accounting information disclosure.Based on the above research,to improve the quality of environmental accounting information disclosure of listed companies,from the internal and external two aspects of listed companies,listed companies in optimizing equity structure,establishing internal environment accounting information disclosure system,strengthen the awareness of environmental accounting information disclosure,at the same time,through the government to provide legal protection,improve the relevant laws and regulations on environmental accounting information disclosure system,and strengthen the supervision of environmental accounting information disclosure,strengthen the supervision of listed companies through the media,to strengthen the publicity of the social public,promote the whole society to environmental accounting information disclosure quality improvement.