Research On The Influencing Factors Of Social Responsibility Information Disclosure Of Listed Companies

Researches on factors that affect the level of information disclosure of the corporate social responsibility (CSR) can play an important role in helping the government and the public with promoting their influence, and also that have a certain theoretical and practical significance for corporate to strengthen social responsibility.This paper used literature, standardization and empirical research to study the subject and also used the combination of qualitative and quantitative analysis method. Firstly, this paper did comprehensive review of the relevant research literature, pointed out the shortcomings and elaborated the significance of this paper. Secondly, this paper determined the connotation and content of CSR along with its information disclose, meanwhile it determined the measurement methods, so that this paper could determine the information source of study sample and the extent of CSR information disclosure by index method. And then this paper elaborated the stakeholder theory, the sustainable development theory, the fiduciary duty theory, the signaling theory and impression management theory, which laid the theoretical foundation for the study. Thirdly, from the views of publication number, plate distribution, industry distribution, regional distribution and release willingness, this paper studied the information disclosure status of the listed company in2012. Then put up research hypothesis for the factors that affect the level of information disclosure of the corporate social responsibility, such as firm size, financial performance, financial risk, industry nature, business growth capacity, the ownership concentration, the development potential, the proportion of independent directors, the board size, the listing place and the audition quality. Finally, this paper used543A share listed companies in2012as the research samples to do descriptive statistical analysis, correlation analysis and multiple regression analysis of the social responsibility information disclosure extent and its impacting factors. The results showed that firm size, ownership concentration, listing venue, audition quality, industry nature, the board scale were significantly positively correlated with CSR information disclosure level; the financial risk was significantly negatively correlated with CSR information disclosure level; financial performance, corporate growth capacity, growth potential, independent director proportion did not significantly affect CSR information disclosure level. Based on the empirical data, this paper made conclusion and outlook.Compared with other researches, the innovative work of this paper were the selection of a larger sample size, more focused subject, more scientific evaluation and the more variable, variable coverage was extended aspects.