Study On The Relationship Between Internal Control Effectiveness, Media Attention And The Quality Of Carbon Information Disclosure

With the increasing attention to climate change on a global scale,China has entered a critical period for the development of a green,low-carbon recycling economy.At the end of 2017,the national carbon emissions trading market has been announced.How companies promote green business philosophy is the focus of the current stage.Under the current background of voluntary disclosure,the carbon information disclosed by the company can effectively demonstrate the energy saving and emission reduction measures of the company,actively promote the idea of a low-carbon cycle.To the extent that it affects the decisions of other stakeholders,it can also help China's progress to complete its CO2 reduction goals.This paper studies two internal and external factors affecting the quality of corporate carbon information disclosure,namely the effectiveness of internal control and media attention.Through the research on the relationship between the three factors,by using the current status of carbon disclosure data,proved that at this stage,the improvement of the effectiveness of corporate internal control and the degree of media attention can positively promote the quality of carbon information disclosed by enterprises.Firstly,on the basis of summarizing the research gaps of existing academic achievements at home and abroad,this paper establishes a carbon information disclosure quality evaluation system for listed companies in China and tests the quality level of carbon disclosure in China.In addition,listed companies with A-shares that have been included in the carbon emissions regulatory and trading system during the period of 2010-2016 were selected as research samples,focusing on the listed companies included in the pilot trading pilots in the seven carbon emission pilot cities.The relationship between sex,media attention,and quality of carbon disclosure was hypothesized and a regression model was established to conduct data analysis.The empirical method of multivariate regression analysis is mainly used to obtain the following three conclusions:(1)Enhancing the effective performance of internal control of an enterprise helps to improve the quality of its carbon disclosure.(2)Media attention can positively regulate the relationship between the effectiveness of internal control and carbon disclosure.(3)The nature of property rights and industry carbon emissions will affect the quality of corporate carbon disclosure.The last part of the article addresses the above conclusions,and puts forward relevant recommendations on the improvement of the carbon information disclosure quality system by regulators,the rational use of external monitoring tools,and the effective construction of an information channel for the national carbon emissions trading market.