A Study On The Influencing Factors Of Social Responsibility Information Disclosure In China’s Electric Power Enterprise

With the further development of economic globalization,corporate social responsibility has become a universally accepted concept,driven by international organizations,governments,multinational corporations,and non-governmental organizations.Respect for human rights,the protection of labor rights,environmental protection and other responsibilities has become the international community’s expectations and requirements.The Fourth Plenary Session of the 18 th CPC Central Committee clearly proposed to strengthen the legislation of corporate social responsibility."Green Development" was included in the "Thirteen Five-Year Plan" as one of the five development concepts for the first time,and disclosure of corporate social responsibility will become an important long-term development strategy.In the "China’s New Normal" context,the next few years,China’s energy structure will be further optimized,new energy and renewable energy will usher in high-speed development period.As an important part of the energy industry,the social responsibility of the power industry is also an important part of the corporate social responsibility of our country.It is the inherent requirement of China’s future political and economic development and the sustainable development of resources and environment.It is also an important way to improve the information disclosure level of social responsibility in China’s electric power enterprises in practice.It is necessary to study the social responsibility information published by power enterprises in China.,And promote the healthy development of power companies an essential prerequisite.The main contents and innovations of this paper are as follows:First of all,the establishment of China’s power enterprise social responsibility information disclosure evaluation system.This paper analyzes the theories of CSR and information disclosure,and puts forward and defines the concept of social responsibility of electric power enterprises based on the stakeholder theory.Based on the "triple bottom line",the social responsibility information of electric power enterprises is divided into three performance dimensions: market,society and environment.On the basis of these three dimensions,the evaluation indexes are analyzed and screened,The evaluation system of social responsibility information disclosure of power enterprises with six secondary indexes and 21 third-level indexes is obtained.In this paper,the research on disclosure of corporate social responsibility information in the power industry is innovatively studied.By comprehensively combing the latest international and domestic G4 guidelines,GB/T 36000-2015 guidelines,S-CSR3.0 social responsibility report writing guidelines Standard,and select the indicators applicable to the evaluation of social responsibility information disclosure of power enterprises,and establish a comprehensive and effective three-level evaluation index system.Secondly,it analyzes the current situation of the information disclosure of the social responsibility of the power enterprises in China.Based on the related industry survey and statistical data,the CSR report data published by power enterprises in China in recent three years are compared and analyzed from the perspective of disclosure characteristics and disclosure quality.Based on the above,the paper selects more than 80 CSR reports and annual financial reports from 51 electric power listed companies in 2015.Based on the information disclosure evaluation system of the power enterprises,the content analysis method is used to analyze the power Information disclosure of listed companies to quantify,analyze and explain the current power of listed companies in China’s social responsibility information disclosure.Thirdly,the regression analysis model of social responsibility information disclosure of power enterprises in China is established.In order to further explore the motivation of disclosure of CSR information disclosure,this paper puts forward the idea of establishing the overall disclosure level of corporate social responsibility and the model of influencing factors of the disclosure level of various types of stakeholders’ social responsibility from the perspective of stakeholders.(OLS)is used to analyze and test the influence factors of social responsibility information disclosure of power enterprises in China.Due to the different needs of different stakeholders,some stakeholders may only have a certain level of social responsibility information disclosure level impact,this paper innovatively applied the stakeholder theory to the influencing factors model,This paper makes an empirical study on the factors influencing CSR information disclosure,and discusses the influencing factors of information disclosure level of various types of CSR.Finally,the countermeasures and suggestions are put forward to perfect the information disclosure system of the social responsibility of the power enterprises in China.In view of the fact that the information disclosure quality and level of corporate social responsibility is uneven and lack of comparability and verifiability,the internal and external causes of corporate disclosure of social responsibility information are proposed for information users and policymakers.This paper puts forward some suggestions on perfecting the social disclosure,management and supervision system of corporate social responsibility from the angle of government,industry,enterprise and society respectively.