Study On The Relationship Between CSR Information Disclosure And Corporate Performance Of Small And Medium-Sized Enterprise

At present, the survey by the research center of the social responsibility of listedcompany in our country found that, social responsibility the disclosure ofinformation of listed companies is still seen as the public company to performresponsibility and pure public behavior, and not for its commercial value and thefinancial performance of the study and consideration. In recent years, with the socialfrom all walks of life to improve China’s enterprise society responsibility of attention,at the same time of corporate social responsibility information disclosure byregulators also more and more attention, corporate social responsibility informationof all kinds of documents released by the requirements are introduced.Small and medium-sized listed companies in our country has been become thefoundation of the development of national economy, however, in its fasterdevelopment also appeared a wide range of social issues, small and medium-sizedlisted company social responsibility problems aroused people widespread concern.State-owned large listed company because of its financial performance andoutstanding competitive advantages obviously, through the social responsibility ofinformation disclosure, and enhance the social public to the company’s trust. To thesmall and medium-sized listed company, if there is a significant relationship betweensocial responsibility of information disclosure and financial performance. How tofind the balance? How to coordinate all the stakeholders needs?This article through reading a lot of this kind of corporate literature, from theconcept of corporate social responsibility, completely summarizes stakeholder theoryand the important documents of predecessors. On one hand, based on the datadesirable, the paper constructs a set of social responsibility of the enterprise’sfinancial evaluation system. On the other hand, to580small board listed companiesof Shenzhen Stock Exchange as a sample, according to the company’s annual reporton the financial disclosure of data and use of constructing social responsibility of the enterprise index system for corporate social responsibility information revelation andenterprise performance of the relationship of related analysis and regression analysis.The article concludes the following conclusions:(1) Small and medium-sized listedcorporate social responsibility information disclosure and its financial performanceis positive correlation.(2) Small and medium-sized listed corporate socialresponsibility information disclosure and financial performance promote each other.(3) Between the size of the company and growth for enterprise social responsibilityand the financial performance of the relationship have certain effect.