The Empirical Research On Influencing Factors Of Corporate Social Responsibility Information Disclosure

With the rapid development of market economy in China, enterprise pursuing profits blindly has brought increasingly more negative effect. Meanwhile, Chinese enterprises gradually began to realize the importance of fulfilling their social responsibility for enterprise'development, and the public and the government also put forward higher request to the disclosure of social responsibility of the enterprise. Under the guidance of relevant regulation and policy, the listed companies in China started releasing independent social responsibility report. This thesis, based on this issue and focus on the case of the social responsibility reports by the enterprises of Shenzhen stock exchange, is to explore the factors which can influence the disclosure of social responsibility.This thesis reviews and analyses the research results of disclosure of enterprise society responsibility and its relevant factors. Furthermore, it combines the theory of stakeholder, principal-agent and the signal transmission to analyze the disclosure of corporate social responsibility, and then defines the standard of corporate social responsibility disclosure. After summing up the conclusion measurement method for enterprise society responsibility, this thesis, chooses the index method to set up the business enterprise society responsibility and theoretically analyses by eight factors such as enterprise scale, profitability, debt-paying ability, equity properties, the proportion of independent board of directors, management's share holding ratio, ownership concentration, which can affect disclosure of enterprises social responsibility. Hereby it uses methods of descriptive statistics, relevance inspection, multiple regression analysis method, etc. to study the different variables that can influence the information disclosure of enterprise social responsibility. It selects the social responsibility report of Anshan Steel Share Holding Co.Ltd, and specifies the various social responsibility variables on the influence of the information disclosure, and finally proposes some suggestions and reveals its limitations.Conclusion: factors such as enterprise scale, proportion of independent board of directors, ownership concentration, industry type are significantly positive correlated with index of information disclosure of social responsibility. And factors like profitability, debt-paying ability, equity properties, management's share holding ratio, and social responsibility information disclosure have no apparent correlation between the index. This explains that by improving proportion of independent board of directors, ownership concentration can enhance the information disclosure of the social responsibility. Therefore the government should encourage the information disclosure of enterprise social responsibility by methods such as guidance through the rules and regulations, audition of social responsibility report and establishment of market access system.