Research On The Relationship Between Internal Control,Media Reports And Social Responsibility Information Disclosure

In recent years,the expansion of the capital market has made the financial information and non-financial information of listed companies a new focus for more and more information users.Listed companies publish fixed annual reports every year,mainly disclosing financial information,while the disclosure of non-financial information by companies has a relatively short development time in my country.Since the beginning of the twentieth century,Chinese enterprises have gradually begun to disclose corporate social responsibility reports,and the concept of corporate social responsibility has slowly emerged.In 2005,the Shenzhen Stock Exchange issued the "Guidelines for Social Responsibility of Listed Companies",and in 2008 the Shanghai Stock Exchange issued the "Guidelines for Environmental Information Disclosure of Listed Companies on the Shanghai Stock Exchange".The social responsibility work system is gradually improved.The improvement of the social responsibility system of the capital market provides a direction for the exploration of corporate social responsibility work.Starting from stakeholder theory,signaling theory and sustainable development theories,this article discusses the motivations of internal control and social responsibility information disclosure.Through the description of the current status of governance of listed companies,the analysis shows that the role of the media may restrict the relationship between internal control and corporate social responsibility.Therefore,media reports are selected as the moderating variable.This article uses the data of A-share listed companies from 2014 to 2018 as a sample,and sets up a research model based on research assumptions.In the empirical test part,starting from the perspective of the internal mechanism of the enterprise,the relationship between internal control and social responsibility information disclosure is discussed.Then start from the perspective of external mechanisms,explore the relationship and effects of media reports and social responsibility information disclosure,and on this basis,use media sentiment as the standard to divide media reports into positive reports and negative reports,and further study the relationship between media and corporate social responsibility work relationship.Secondly,this article examines the media reports' regulating effect on the relationship between corporate internal control and social responsibility work.On this basis,it also examines the regulation effects of positive media reports and negative media reports.Finally,in order to verify the robustness of the model and avoid the interference of endogenous problems,this paper replaces the dependent variable to re-test the empirical test.re-measures the independent variable for empirical treatment.and selects the industry for sub-sample regression.The research results of this article are as follows:(1)Internal control positively affects corporate social responsibility work.The better the implementation of internal control work.the more companies are willing to improve the quality of social responsibility management.(2)Media attention has a positive effect on corporate social responsibility work.Whether it is positive media reports or negative media reports,to a certain extent,it has a more obvious effect on corporate social responsibility management.(3)Media attention can positively regulate the relationship between internal control and corporate social responsibility information disclosure,and positive media reports and negative media reports also have a positive regulating effect.In response to the research results,the following suggestions are put forward:strengthen the internal control system and improve scientific management methods;guide media reports and standardize external environmental mechanisms;optimize the social responsibility work system and strengthen corporate management;improve the ability of scientific judgment and be a rational investor.This article examines the relationship between internal control,media reports,and social responsibility information disclosure.This has a certain enlightenment to the social responsibility management of listed companies and related departments,enriches the research in this field,and at the same time optimizes the scientific management methods of enterprises.Investors' scientific investment awareness provides direction and reference.