Research On The Impact Of Corporate Governance Structure On The Quality Of Carbon Accounting Information Disclosure

The greenhouse effect caused by climate warming is one of the most concerned environmental problems in the world.It not only does great harm to people’s quality of life,but also disrupts the process of sustainable development.The main reason for the greenhouse effect is that a large amount of carbon dioxide is emitted into the atmosphere by all countries in the world.Therefore,the opening of carbon emission trading rights is an important measure for enterprises in the world.With the help of carbon trading platform,the problem of climate warming has changed from a simple ecological problem to a global economic problem,which increases the enthusiasm of enterprises in energy conservation and emission reduction.As the main body of the national economy,enterprises are one of the sources of carbon dioxide,so the development of low-carbon economy in China should focus on enterprises to promote their reasonable carbon emissions.The primary premise of carbon emission trading is that carbon emission information is reasonably disclosed,so the use of carbon accounting information disclosure model is a very effective means of supervision and restriction in carbon emission management.China’s implementation of carbon emission trading is later than that of developed countries in Europe and America,and there is no corresponding legal constraint on the carbon emission information disclosure standards of listed companies.Enterprises are still voluntary in the way of disclosure,so that stakeholders can not fully understand the current low-carbon business situation of enterprises,so that China’s current carbon accounting information disclosure has not reached the ideal level.In this regard,this paper analyzes the characteristics of China’s governance structure,and on this basis,puts forward the hypothesis,establishes the model,carries on the empirical analysis of the quality of carbon accounting information disclosure,and deeply studies the impact mechanism of corporate governance structure on carbon accounting information disclosure.This paper selects the data of Listed Companies in seven carbon emission pilot cities in China from 2016 to 2018,tries to build a carbon accounting information disclosure index,and empirically analyzes the governance structure and the impact mechanism of carbon accounting information disclosure quality of Listed Companies in emission control pilotcities.First of all,this paper combs the relevant literature at home and abroad,defines the concept of governance structure,carbon accounting,carbon accounting information disclosure,and analyzes the relationship between carbon accounting information disclosure and corporate governance structure based on information asymmetry theory,stakeholder theory,principal-agent theory,legitimacy theory,and corporate social responsibility theory.Secondly,it summarizes the current situation of carbon accounting development and the characteristics of corporate governance structure in China,and analyzes the possible problems according to the characteristics of corporate governance structure.On this basis,it explores the impact mechanism of corporate governance structure on the quality of carbon accounting information disclosure.Finally,based on the analysis of the status quo of carbon accounting disclosure,this paper studies the relationship between the five characteristic indicators under the governance structure and the quality of carbon accounting information disclosure;uses the multiple regression method to test the impact of the governance structure of listed companies on the level of carbon accounting information disclosure,and passes the robustness test.The results show that the proportion of senior executives’ shareholding and the degree of ownership concentration have a negative correlation with the quality of carbon accounting information disclosure;the size of the board of directors has a positive correlation with the quality of carbon accounting information disclosure;the separation of the two positions will improve the quality of carbon accounting information disclosure;the size of the board of supervisors has a positive correlation with the quality of carbon accounting information disclosure.The above five conclusions not only have some incentive significance for listed companies to further improve the quality of carbon accounting information disclosure,but also promote the understanding of governance structure and the quality of carbon accounting information disclosure to a certain extent.