Study On The Relationship Between Social Responsibility Information Disclosure And Financial Performance In Sewage Treatment Industry

China’s capital market recently is gradually carrying out the credit system construction, this also means that after the market value of the company will be subject to the brand val-ue of the enterprise and business reputation, as a result of the social responsibility perfor-mance will bring positive influence to the enterprise, so as to improve the enterprise visi-bility and brand value and performance in the capital market is continuing to affect the stock price. In entered the well-off society of today, citizens can satisfy the basic needs of everyday clothing, housing, began to be concerned about the survival of the environment, environmental awareness, rights awareness higher than any previous a stage. Ecological environment is suffering from pollution, pollution will directly or indirectly affect people’s daily life, environmental protection is not as a business will be residents continue to cru-sade against, by the media to enlarge gradually, government informed of the punishment. For migrant workers, also begin to pay close attention to labor law, "labor shortage" the phenomenon to be common, workers usually select the preferred unit of labor, concern for employees, strictly abide by the labor law, protect the basic rights and interests of workers of enterprises more favored by the workers. At the same time, these factors in the future will also have a sustainable impact on institutional investors.Sewage treatment industry as a municipal public service industry, and every citizen of our daily lives are closely related. The United Nations published in March 20,2015, the world water resources development report, the report shows that in the world wide range of people to abuse the situation of water. In the use of water, farmland irrigation leads to ex-cessive pumping, in water resources recycling of investment is stretched, normally pro-duced a large number of life, industry, agriculture, sewage, speed of the sewage treatment rate is less than the sewage generated, at the same time, sewage treatment did not meet di-rectly recycling may be more pollution of water sources, and so on, the earth will soon face water crisis. Water is the source of life, the earth any life from water, the 24th World Water Day is on March 22, intended to remind people to pay attention to the protection of water resources. In recent years, ask about water frequently, from Lanzhou water pollution inci-dent to the price of the hearing cited public discontent, sewage sludge for residents un- bearable its interference, behind these social problems reflect the sewage treatment industry social responsibility issues. Sewage treatment industry social responsibility information disclosure level of sewage treatment industry to fulfill their social responsibility is affected by corporate financial performance or is therefore affect the financial performance of the enterprise, which is in this paper, we study the main problems.This paper first describes the background and significance of the topic and the re-search contents, methods, and through literature review, this paper summarizes the previous connotation of social responsibility, social responsibility disclosure content and style, social responsibility and corporate financial performance related research literature, understand-ing to corporate social responsibility and financial performance relationship probably not related, positive and negative correlation. Through the theory analysis of the research pro-vide a basis for sewage treatment industry for industry characteristics and social responsi-bility for the content analysis in order to build with Chinese characteristics of sewage treatment of Listed Corporate Social Responsibility Evaluation Information System. In this paper, the international general GRI system of evaluation from the economic, environmen-tal and social aspects of the three 39 two level index of social responsibility information of sewage treatment based on social responsibility of listing Corporation, selected in 2012 to 2014 in Shanghai and Shenzhen A shares listed on the 42 sewage treatment listing Corpora-tion as a sample, using 6 indexes from the reflection of corporate profitability, operating capacity, solvency, risk level and growth capacity is expressed in terms of the corporate performance, and corporate social responsibility information disclosure level score (CSR) empirical analysis results show that the sewage treatment industry listing Corporation and corporate financial performance is not significantly related, namely the corporate social responsibility disclosure level does not significantly affect the current and the enterprise financial performance, at the same time the enterprise’s financial performance has no sig-nificant impact on the current period and the social responsibility information disclosure. But from a growth perspective, the rapid growth of the enterprises tend to disclose more perfect social responsibility, and then based on this conclusion and puts forward some sug-gestions and outlook.