An Empirical Research On Corporate Governance And The Disclosure Of Social Responsibility Information

Corporate social responsibility and corporate governance issues are generally becomethe focus of attention of the community today. in recent years,China’s governmentunveiled a number of laws and regulations requiring companies to disclose socialresponsibility information for some companies, the government mandated socialresponsibility report issued, but now, the voluntary disclosure of social responsibilityinformation awareness is still not significantly improved, the repeated acts such asenvironmental pollution, commercial fraud, counterfeiting and fraud. On corporategovernance issues, the economic environment has been greatly improved corporategovernance to a certain extent has been well improved, but the corporate governancestructure in China there are still many shortcomings, the scholars agreed that toimprove corporate governance. This article is also from the perspective of improvingthe corporate governance structure to strengthen corporate social responsibility hasgreat theoretical value and practical significance.In this paper, the author apply the stakeholder theory, principal-agent theory and thetheoretical framework of compliance theory analysis of the relationship that existsbetween corporate governance and corporate social responsibility informationdisclosure, and select from2008to2010in the Shanghai Stock Exchange andShenzhen Securities exchange traded A shares of petrochemical plastics industry as astudy sample to establish the regression model analysis of corporate governance, Theempirical results show that:(1) state-owned holding enterprises has played a positiverole to improve the level of corporate social responsibility information disclosure.(2)efficiency of the board of directors to promote corporate social responsibilityinformation disclosure.(3) The Audit Committee of the settings can improve the levelof disclosure of social responsibility information.(4) The Board of Supervisorsefficiency can better improve the quality of social responsibility informationdisclosure.In view of the status of social responsibility information disclosure and empiricalresults, this paper proposes to improve corporate social responsibility informationdisclosure and improve corporate governance structure of the proposal. The decisivefactor for the understanding of China’s corporate social responsibility informationdisclosure provides a new perspective and empirical evidence, but also to improvetheir corporate governance structure to improve our corporate social responsibilityinformation disclosure quality to provide a new policy basis.