The Impact Of Environmental Accounting Information Disclosure Level On Financial Performance Of Pharmaceutical Listed Companies

With the rapid economic development,environmental problems have been widely paid attention to,because under the extensive economic growth model of high input,high emission,high consumption and low efficiency,all countries are facing serious pollution problems.Pharmaceutical industry,as an indispensable basic industry to promote the development of national economy,is in rapid development.Therefore,environmental pollution and other related problems in pharmaceutical industry have been highly concerned by the society.Under the guidance of national sustainable development strategy,relevant systems require pharmaceutical industry enterprises to disclose their environmental accounting information,but the specific indicators and rules for environmental accounting information disclosure are not clear enough.However,as a profit-driven entity,enterprises will pay more attention to the information that can improve their own value.Whether the level of corporate environmental accounting information disclosure has an impact on financial performance has become a hot topic of discussion.Based on the above background,this paper will mainly use the sample data of 68 pharmaceutical listed companies from 2015 to 2020 to study the impact of environmental accounting information disclosure level on their financial performance.In the study,an evaluation system of environmental accounting information disclosure index is constructed and scored,and a linear regression model is established.For pharmaceutical level of environmental accounting information disclosure of listed companies on its financial performance was studied,the influence of reference in the study of property rights as a moderator variable,to explore the regulating effect of property rights to two relations,the study focus on the environmental accounting information disclosure of hysteresis,the current and previous environmental accounting information disclosure level of impact on the financial performance of synchronization is studied.The results show that,first,the level of environmental accounting information disclosure in the previous period has a significant positive impact on financial performance;Second,compared with state-owned pharmaceutical listed companies,the level of environmental accounting information disclosure of state-owned pharmaceutical listed companies has a more significant positive impact on financial performance.Studies in the end,in this paper,the government,pharmaceutical listed companies,the public suggest three angles,suggest the government related department to improve the system,pharmaceutical strengthen the consciousness of environmental accounting information disclosure of listed companies,the social public supervision,pharmaceutical environment accounting information disclosure of listed companies,for the different nature of property rights of pharmaceutical listed companies provide a fair environment,It provides reference for enterprises to disclose high quality environmental accounting information.