The Empirical Study Of The Relationship Among Competition, Top Management Team And Corporate Social Responsibility Disclosure

In the process of economic development, social problems have stand out increasingly. At the same time corporate social responsibility has been focused by world. The quality of corporate social responsibility report which is disclosure window of situation of corporate social responsibility report becomes the focus of academic exploration. Top management team as decision makers of enterprise strategic play a decisive role in corporate social responsibility information disclosure. According to Upper Echelons Theory, the strategic decision formulated by corporate executives is affected by the executive cognitive level and values which is reflected by the background characteristics of the executives to a certain extent. Therefore, background characteristics have a certain impact on corporate social responsibility information. Based on the research of executives, this paper introduces product market competition and explores the interaction between competition and executives with the influence on the corporate social responsibility disclosure.This paper chooses Shenzhen and Shanghai listing Corporations which have released the 2013 corporate social responsibility report. After a series of screening, there are 600 sample corporations in the study. The corporate social responsibility disclosure level is replaced by the rating data of social responsibility report established by RKS which is an authority of corporate social responsibility. The empirical results show that team size and degree of education have positively significant impact on corporate social responsibility disclosure, and the influence of the age is significantly negative. According to the Herfindahl-Hirschman Index (HHI) which is used to measure competition,600 sample corporations are divided into the highly competitive group and low competitive group. By comparing executives characteristics influence on corporate social responsibility disclosure between the high and low competition group, this paper found competition has substitution relation with team size and age of executive team, and has complementary relation with education. The result doesn’t show that corporate social responsibility disclosure is significantly influenced by political connection. The factor also has no interrelation with competition.