Study of Environmental Accounting Information Disclosure and Financial Performance of Heavy Pollution Enterprises — Based on Empirical Evidence of Coal Enterprises

Abstract

At present, China's economic and technological development is obvious to all but environmental problems are increasingly serious. As a strong supporter of economic development, enterprises should take corresponding responsibility for environmental protection when pursuing economic benefits. Therefore, it is of great significance to study the relationship between environmental accounting information and financial performance of enterprises. Based on the relevant data of coal listed companies from 2016 to 2018, this paper empirically analyzes the relationship between environmental accounting information disclosure and financial performance of coal industry. The results show that the environmental accounting information disclosure of the coal industry has a positive correlation with profitability and development ability, but not with debt level. The research not only enriches the content of environmental accounting information disclosure, but also helps heavy pollution enterprises to make decisions based on financial performance; and it also provides empirical basis for the society and government departments to establish a standard and perfect environmental information disclosure system.