Analysis of the Influencing Factors of the Quality of Environmental Accounting Information Disclosure of Manufacturing Enterprises under the "Double Carbon" Goal

Abstract

With the in-depth promotion of China's strategic goal of "carbon peaking and carbon neutrality", the green transformation process of the manufacturing industry, as the core pillar of the national economy and the main source of carbon emissions, has attracted much attention from all walks of life. As an important mechanism to measure the performance of corporate environmental responsibilities and alleviate the asymmetry of investment and financing information, the quality of environmental accounting information disclosure is directly related to the efficiency of green financial resource allocation. Based on the macro background of the "dual carbon" strategy, this paper integrates principal-agent theory, signal transmission theory and legitimacy theory, and systematically analyzes the internal and external factors affecting the quality of environmental accounting information disclosure of manufacturing enterprises. By constructing a multiple regression model, this paper selects China's Shanghai and Shenzhen A-share manufacturing listed companies as samples for empirical testing. The results show that the scale, profitability, proportion of independent directors and the intensity of government environmental protection supervision have a significant positive driving effect on the quality of disclosure. The level of financial leverage is significantly negatively correlated with the quality of disclosure. In addition, media attention, as an informal system, also plays an important role in improving information transparency. Based on the empirical conclusions, this paper puts forward countermeasures and suggestions from the aspects of improving environmental accounting standards, strengthening third-party audit supervision, and improving the green governance ability of enterprises, aiming to provide theoretical support and empirical evidence for improving the overall level of environmental information disclosure in China's manufacturing industry.