Study On Impact Of Environmental Accounting Information Disclosure To Enterprise Value Of Tailong Pharmaceutical Co.

With the rapid development of the economy,ecological damage become more and more serious in recent years,environmental protection has been more and more concerned by the government and the public.The 14 th five-year plan calls for the coordinated development of China’s economic,social and ecological civilization,and building a beautiful China.How to realize the virtuous circle of economic development and ecological environment is one of the problems that our country has been emphasizing and trying to solve.As one of the main body of environmental pollution,pharmaceutical manufacturing enterprises should take the responsibility of environmental protection and disclose environmental accounting information while using natural resources to achieve their own development.However,most enterprises are unwilling to disclose environmental accounting information,so their environmental responsibility can not be guaranteed.Therefore,study the impact of various dimensions of Environmental Accounting Information Disclosure on enterprise value,and provides a theoretical reference for improving enterprise value by regulating enterprise environmental behavior and environmental accounting information disclosure.The thesis first elaborates the present situation of Tai Long Pharmaceutical environmental accounting information disclosure,and carries on the system analysis to its enterprise value.Secondly,according to the requirements of the existing laws and regulations on the disclosure of environmental accounting information,and following the environmental management path of "goal setting-goal implementation-environmental protection effect-evaluation reflection",the environmental accounting information disclosure content is divided into five dimensions:Environmental Course and policy dimension,environmental impact and responsibility dimension,environmental input and expenditure dimension,environmental management and governance dimension and environmental certification and rewards and punishments dimension.Again,The sample dates of 83 listed companies in this thesis are adopted from Shanghai and Shenzhen A-share pharmaceutical manufacturing industry from 2015 to 2019,this thesis adopts the Regression analysis method,through the empirical test,we find that the five dimensions of environmental accounting information disclosure can promote the promotion of enterprise value.On this basis,this thesis analyzes Tailong Pharmaceutical Co.’s environmental accounting information from the perspective of comparison with industry results,which contains five dimensions,the method of disclosure and its impact on enterprise value,found that there are problems of single environmental accounting information disclosure method and low information quality of environmental course and policy dimensions.Finally,combined with the analysis of empirical results and industry comparison,we put forward suggestions to improve the environmental accounting information disclosure methods and consider environmental policies and environmental strategic management to enhance the enterprises value of Tailong Co.The thesis has twelve figures,twenty two tables,sixty two references.