Research On The Influencing Factors Level Of Environmental Accounting Information Disclosure Of Petrochemical Listed Companies

Nowadays,as the economy develops at full speed,the development of enterprises cannot be separated from the dependence on environmental resources,and favorable environment is a guarantee for rapid development of enterprises.This means that the disclosure work of environmental accounting information is an obligation that all the listed companies have to fulfill.Petrochemical industry is an important national economic pillar industry,as well as a key pollution discharge industry.Therefore,environmental risk has become one of the most important operational risks for listed petrochemical companies.To a great extent,the disclosure work can affect the social image and sustainable management of enterprises.Hence,listed petrochemical companies should pay high attention to the disclosure work,so as to optimize their internal environmental governance.Different from traditional accounting,environmental accounting reports the environmental economic activities of enterprises and provides objective reference information to the social mass.Based on the principal-agent theory and information asymmetry theory,this paper selects A-share petrochemical listed companies in Shanghai and Shenzhen from 2014 to 2018 as the research objects.After the analysis of the present situation of the disclosure work of the sample enterprises,by referring to Guidelines 4.0 for China Enterprise Social Responsibility Report,this paper establishes an indicator system of the disclosure of environmental accounting information,which is more suitable for petrochemical listed companies.Meanwhile,by using China Enterprises Social Responsibility Report Rating Standards for reference as well as the expert grading method,the disclosure work of 172 sample companies is graded from three aspects of integrity,substantiality and balance,rather than from qualitative or quantitative aspect.After that,panel regression method is used to explore the influencing factors of the disclosure level of these companies.The final results show that: There is a large difference in the level of environmental accounting information disclosure of petrochemical listed companies,which needs to continue to optimize and improve the quality of disclosure.;The more developed the local economy is,the higher the level of environmental accounting information disclosure of listed petrochemical companies.;The higher the technological research and development level of a listed petrochemical company,the higher the level of environmental accounting information disclosure.;The higher the profitability of listed petrochemical companies,the higher the level of environmental accounting information disclosure.;The higher the debt level of a listed petrochemical company,the lower the level of environmental accounting information disclosure;The higher the degree of independence of the board of directors of a petrochemical company,the higher the level of environmental accounting information disclosure;Large-scale companies are more willing to disclose environmental accounting information.Finally,based on the research conclusions,this article gives the following suggestions: improve the company's profitability and expand the size of the company;strengthen guidance for information disclosure in the central and western regions;improve the comparability of information disclosure content;improve the voluntary nature of disclosure and encourage companies to release an independent environment Accounting reports;improve information disclosure system;Improve the level of scientific research and development and the independence of the board of directors.This will promote the integrity and objectivity of environmental accounting information disclosure of listed petrochemical companies.