A Study On Corporate Social Responsibility Cost

The idea of corporate social responsibility(CSR)comes into being long before in China ancient. The research and practice of modernistic CSR rose in western country in the twentieth century such as America and England. It is a necessary idea and action of global corporate now. It is inevitable to occur corporate social responsibility cost (CSRC) if a corporate carries out its CSR. CSRC is a key that affects the continuance of the activity of CSR and corporate manufacture and management. About the instance of China's Corporate take part in CSR activity, An investigate of China's enterpriser investigate system in 2007 indicates: The corporate supervisors agree with the idea that outstanding enterpriser ought to have strong consciousness of CSR and concern CSRC.The paper researches domestic CSRC. The theoretic basics of the paper includes CSR theory, cost accounting theory, stakeholder theory, sustaining development theory, circulation economic theory, ecological civilization theory, new institution economics theory. The paper adopts three study methods: normative study methods, experiential study methods, investigated study methods. The paper is composed of four parts, the primary content of each part be introduced as follows:Part 1 (chapter 2) focuses on the theory basis of CSRC. The part categorizes the essence of cost into four viewpoints: Production consume viewpoint, production expenditure viewpoint, extensive object consume viewpoint, extensive object expenditure viewpoint, and insisted on extensive object expenditure viewpoint in the research in CSRC through the paper. The paper hackles the theory of CSR by literature summaries, expounded the major points of economic responsibility theory, non-economic responsibility theory and pluralistic responsibility theory in CSR, and summarized the theory source angle of view of stakeholder theory, resource support theory, economy ethic theory, corporate citizen theory and new institution economy theory in CSR. The chapter introduced the experiential researches and practice activity in domestic and overseas fields, the chapter introduced the research developments and research eye shots in domestic and overseas fields simply. Finally, the paper summarized the signification and sort, and established broad sense and narrow sense theory system of CSRC based on broad sense CSR explained by pluralistic responsibility theory and narrow sense CSR explained by non-economic responsibility. Simultaneity, the theory system of CSRC is set up based on the extensive object expenditure viewpoint. The broad sense CSRC is composed of management responsibility cost, maintenance rights responsibility cost, environment responsibility cost, institution responsibility cost, but the narrow sense CSRC lacked management responsibility cost. There are three step-up hierarchies which is economic responsibility, law responsibility, morality responsibility successively.Part 2 ( chapter 3, chapter 4, chapter 5, chapter 6 )focuses on the primary content of CSRC. Chapter 3 discusses the signification, content and measurement methods of management economy responsibility cost, management law responsibility cost, management morality responsibility cost based on Marx's cost price theory and management theory. Chapter 4 analyses the signification, content and measurement methods of maintenance consumer rights responsibility cost and maintenance laborer rights responsibility cost based on stakeholder theory. Chapter 5 discusses the sort, content and measurement methods framework of environment responsibility cost integrated sustainable deployment theory, circulation economy theory and ecological civilization theory. Chapter 6 classes institution responsibility cost into normal institution responsibility cost and non-normal institution responsibility cost based on expenditure of exchange and institution theory, and discusses the institution economic responsibility cost, institution law responsibility cost, institution morality responsibility cost and its'measurement methods.Part 3 (chapter 7) explores the experiential study on the compensation of CSRC. The part selects the parallel data of the sample including A-share corporates from the stock market in Shanghai and Shenzhen, then drows several conclusions after using the cross-section weights and principal component analyses: in the three dimensionalities of narrow sense CSRC, there is a negative connection between institution responsibility cost(non-normal institution), environment responsibility cost or maintenance rights responsibility cost and current corporate value, there is no connection between institution responsibility cost (normal institution) and current corporate value, and there is a negative connection between the integration or the first rank lag integration of narrow sense CSRC and current corporate value, and it is a"U"shape long-term connection between the integration of narrow sense CSR and corporate value. In the four dimensionalities of broad sense CSRC, there is a negative connection between institution responsibility cost (non-normal institution), environment responsibility cost or management responsibility cost and current corporate value, and it is a positive connection between maintenance rights responsibility cost and current corporate value, and it is no connection between institution responsibility cost (normal institution) and current corporate value. There is a negative connection between the integration of broad sense CSRC and current corporate value, but there is a positive connection between the first rank lag integration of broad sense CSRC and current corporate value. it is a contrary"U"shape long-term connection between the integration of broad sense CSR and corporate value.Part 4 (chapter 8) discusses the compensation, management and information report of CSRC.The part explores the value compensation and practicality compensation of CSRC, and explores the compensation mode adapt to a number of corporates in China, which includes the independence compensation mode by corporate itself, compensation mostly by corporate but minor by government and other stakeholder, compensation mostly by government but minor by corporate. It is a developing direction that corporate merge social responsibility cost into the whole cost management framework. Part 4 discusses the design of corporate cost management framework which includes basis methods, embody methods and histrionic methods. In the end, the chapter discusses the effect factors, supplementary report mode and independence report mode about CSRC.There are three major contributions in the paper:Firstly, the paper researches CSRC from accounting field earlier in China;Secondly, the paper discusses the new classes and measurement methods, tries to unify environmental cost, human resource cost, laborer right cost, consumer right cost in theoretic clue and practice activity.Thirdly, the paper deals with experiential research in influence factors and compensation issues by selecting panel data, adopting principal component analyses and GLS, and researches compensation probability and compensation cycle of sensitive industries of CSR in China.There are two external insufficiencies in the paper also:One is the variables chosen deputize the dimensionalities of broad sense CSRC and narrow sense CSRC imperfectly; the other is the confines between CSRC of various dimensionalities and hiberarchies aren't specific.