Empirical Analysis on the Factors Influencing Carbon Accounting Information Disclosure of Enterprises in a Low Carbon Economy

Abstract

With the acceleration of global industrialization, energy consumption is increasing year by year, leading to an increasing carbon emission and becoming a key issue of concern for countries around the world. Based on the literature review and data collection at home and abroad, this paper makes a theoretical analysis of the impact of six factors on the level of carbon accounting information disclosure, namely, net return on equity, corporate solvency, basic earnings per share, years of listing, state-owned holding enterprises, and heavily polluting enterprises, and puts forward corresponding assumptions. Subsequently, through analysis and organization, this article selected 100 eligible listed companies in the Shanghai and Shenzhen A-share markets from 2019 to 2021 as the research subjects. The carbon accounting information disclosure index method was used to quantify the level of carbon accounting information disclosure as an explanatory variable, and six influencing factors were combined for empirical research. The following conclusion is drawn: Currently, the level of carbon accounting information disclosure of listed companies in China is average. Among them, the net return on equity, basic earnings per share, state-owned holding enterprises and heavily polluting enterprises are positively related to the level of carbon accounting information disclosure, while the asset liability ratio of enterprises and the number of years of listing are negatively related to the level of carbon accounting information disclosure. Finally, based on a combination of theoretical and empirical analysis, this article proposes relatively objective and feasible suggestions from the national, social, and corporate levels to improve the level of carbon accounting information disclosure by listed companies and help them achieve vigorous development in the future.