The Impact of Environmental Accounting Information Disclosure on Commercial Credit: Based on the Analysis of OLS Regression Model

—In this study, beyond the data of A-share listed companies in heavy pollution industries from 2010 to 2014, we hand collected the data of environmental accounting information disclosure of listed firms as the research sample. Based on the signal transmission theory, we use the OLS regression model to explore the relationship between the environmental accounting information disclosure and the commercial credit level of listed firms in the market with information asymmetry and the moderating effect of the market environment. Through empirical analysis, we find that disclosing environmental accounting information or not is significantly correlated with the commercial credit level of firms. Furthermore, environmental accounting information disclosure quality is significantly and positively correlated with the commercial credit level of listed firms and the correlation will be significantly stronger in a better market environment. Our findings can on the one hand enrich studies related to environment accounting and commercial credit, and on the other hand, provide policy recommendations for relevant departments to formulate environmental accounting information disclosure standards, regulatory regulations, and guide enterprises to protect the environment.