Research On Information Discloure Mechanism Of Foundations In The Perspective Of Social Responsibility

As a type of Non-profits organizations, foundations undertakes the social responsibility of developing social welfare. After three decades of development, a rapid developing Chinese foundations is taking shape. As of October2013, the total number of foundations in China reaches3400. They have great influence on social life, playing a important role in science, culture, assistance and other fields, and the degree of recognition to public is constantly growing. But at the same time, some negative problems have shown up, which spurts in recent years, is seriously damaging the credibility of foundations. Analyzing the appeals, we find the questions mainly concentrate in the low information transparency. The reason is the lack of information disclosure mechanism. The majority of foundations lack the consciousness of information disclosure.In terms of the fulfillment of social responsibility foundations don’t meet the requirement of public. In the meantime, relevant laws regulations have no compulsory requirement on information disclosure.So the information disclosure mostly stick in the oral stage, and don’t put into practice. Even if those foundations who make information disclosure, problems like insufficiency, de-normalization also exist. In the current situations, the problem for us is how to establish a effective, operable information disclosure mechanism that is tightly connected to social responsibility. Through the transparent and open information disclosure, we can reshape the credibility of foundations and make them work more effective for social welfare and even the sustainable, harmonious of whole society.By using normative study, literature analysis, case research, we try to integrate the system of our country background with social-economic environment and let the social responsibility as a starting point, and finally, make a intensive study on information disclosure mechanism of Chinese foundations. The main contents include:The first chapter states the background and significance of Chinese foundations, raising the issues. The second chapter discusses the principal-agent theory, asymmetric information theory and other basic theory. The third chapter inspects the situation of information disclosure in Chinese foundations, focusing on the theoretical framework and operating mechanism of information disclosure in Chinese foundations in the perspective of social responsibility. The fourth chapter analyzes the feature, operation and supervision of information disclosure in Chinese foundations. The fifth chapter takes the case of Shanghai Cherished Dream Charity Foundation, and verifies the analysis above. The last chapter comes to main conclusions:(1) the cultivation of social responsibility is the premise of building information disclosure in foundations;(2) effective information disclosure will be able to help foundations get a better position in the market;(3) information disclosure in foundations is a result of multiple efforts and hierarchical builds. We also put forward some policy suggestions and future research prospects.Innovations:we integrate social responsibility into information disclosure of foundations, and emphasize that the correctness of social responsibility is the effective means to promote voluntary information disclosure. And the information disclosure mechanism should be a process of multiple efforts and hierarchical builds. The relationship among different levels are complementary. They make the information disclosure mechanism of foundation complete jointly.