Research On The Correlation Of Corporate Financial Health And Carbon Information Disclosure Quality

There are many factors affecting the quality of carbon information disclosure,and China belongs to the scope of voluntary disclosure in carbon information disclosure,so the quality of carbon information disclosure depends to a large extent on the enterprises themselves.Domestic and foreign scholars affirmed the correlation between the profitability and development prospects of Chinese enterprises and the quality of carbon information disclosure.At present,most scholars interpret and evaluate the relationship between corporate finance and carbon information disclosure quality from various financial indicators,and lack comprehensive empowerment evaluation of the overall financial performance of enterprises.Therefore,based on the research status of domestic and foreign scholars,this paper studies the correlation between corporate financial health and carbon information disclosure quality,and further discusses the possible mediating variables on the relationship.In empirical research design,this paper first makes a hypothesis on the correlation between corporate financial health level and carbon information disclosure quality,and then further analyzes the connection path between the two,exploring the mediating effect of the management tone of information disclosure on the correlation between financial health level and carbon information disclosure quality.Then,according to the research hypothesis and concept definition of this paper,the content analysis method and the efficacy coefficient method were used to quantify the main research objects into specific values.In the process of measuring the financial health level of enterprises,the financial health level of enterprises is also described from four aspects:financial efficiency,asset operation,debt risk and long-term development ability.asset operation,debt risk and long-term development ability.In this paper,we will collect and calculate the relevant data of the main research variables,summarize the panel data required for the formation of empirical evidence,and establish the corresponding total regression model,categorical regression model and mediation effect model based on hypothesis analysis.After completing the correlation and collinearity tests,the results of the regression model are empirically analyzed,it is explored that the relationship between the total indicators of corporate financial health and the constituent indicators on the quality of carbon information disclosure,and also it is further studied that the mediating role of the management tone of information disclosure on the relationship between the financial health level of the enterprise and the quality of carbon information disclosure,and finally the robustness of the above regression model is tested.The empirical results show that:(1)the financial efficiency of enterprises is positively correlated with the quality of carbon information disclosure,and improving profitability can improve the level of carbon information disclosure;(2)There is a significant positive correlation between an enterprise’s revenue,operation,solvency and long-term development ability and the quality of carbon information disclosure,while the debt capital structure is not significantly correlated with the quality of carbon information disclosure;(3)The management tone of information disclosure played a mediating effect on the impact of the financial health level on the quality of carbon information disclosure,and the mediating effect value was 4.85%,which confirmed the feasibility of the transmission channel of "corporate financial healthmanagement tone of information disclosure-carbon information disclosure quality".Based on the empirical results,this paper puts forward appropriate and feasible countermeasures to improve the quality of carbon information disclosure from three different perspectives:enterprises,governments and society.