A Study On The Influencing Factors Of Corporate Social Responsibility Disclosure Of Chinese Transnational Corporations

The Corporate Social Responsibility Disclosure(CSRD)of Transnational Corporations is of great significance for the company to perfect the corporate governance structure,protect the public interest and build a harmonious society,while actively disclosing the CSR information can enhance the company's image and enhance the company's reputation,thus enhancing the international competitiveness increasingly,in addition,Transnational Corporations are China's business cards to go abroad,and disclosing CSR information can enhance China's influence in international affairs.However,the concept of CSR and CSRD in Chinese corporations is still very weak,at the same time,the implementation and supervision of policies is far from enough,so corporations generally choose to ignore CSR,so that CSRD is difficult to promote.In order to realize the internationalization strategy of "bringing in" and "going out" of Chinese corporations,in order to promote the implementation of China's "Belt and Road" strategy,we must sort out and study the influencing factors of CSRD,and find the influencing factors that can promote the CSRD of Chinese corporations.Taking Chinese corporations as a research sample,this paper makes multivariate regression analysis of panel data of 311 corporations in 2010-2016 years,and studies the influencing factors of CSRD of Chinese Transnational corporations.In the study of the Current Variable Model,it is found that there is a significant positive correlation between the degree of internationalization and the Corporate Social Responsibility Disclosure of Chinese Transnational Corporations,and there is a significant positive correlation between the proportion of state-owned shares and the CSRD of Chinese Transnational Corporations,while the proportion of foreign investment shares is not related to the CSRD of Chinese Transnational Corporations on the overall sample and the state-owned corporations sample,However,there is a significant positive correlation between the proportion of foreign investment shares and the CSRD of Chinese Transnational Corporations on the non-state-owned corporations sample.In the study of Lagged Variable Model,there is no correlation between the lag of degree of internationalization,the lag of the proportion of state-owned shares and the lag of foreign investment shares with CSRD of Chinese Transnational Corporations.Combined with the empirical research results and the current situation of CSRD of Chinese Transnational Corporations,the article holds that: First,CSRD of Chinese Transnational Corporations cause is still in a low-level position,and the momentum is insufficient.Second,the current stage,CSRD of Chinese Transnational Corporations of the main driving force is still derived from mandatory requirements,voluntary disclosure is still insufficient enthusiasm,it is not conducive to the development of CSRD of Chinese Transnational Corporations cause.Third,state-owned enterprises pay more attention to go out rather than state-owned enterprises instead pay more attention to the introduction.Fourth,CSRD is a quick response and a lasting job.Only by constantly fulfilling CSR and CSRD can we be in a good interaction with the public,which also requires enterprises to always take CSRD as the daily management affairs of enterprises.