The Impact Of Corporate Social Responsibility Information Disclosure On Business Performance

Protecting resources and environment is the key to achieving sustainable social and economic development.Because commercial banks have credit resources,they can guide the business behavior of industrial and commercial enterprises through credit policies and other financial services.Therefore,commercial banks also bear social responsibility in reducing environmental pollution and protecting environmental resources.It is these characteristics that determine the sustainable development of their economy and society,which is particularly prominent compared with other industries,and the resulting social problems are more serious.Therefore,exploring the Social Responsibility Evaluation of commercial banks from the perspective of green credit is of great significance to improve the social responsibility practice of commercial banks in China and realize the benign market atmosphere of multi stakeholder win-win.By discussing the impact of social responsibility information disclosure of commercial banks on their business performance,this study examines the role of social responsibility information disclosure of commercial banks on enterprise value from the perspective of green credit.This paper combs the connotation of social responsibility of commercial banks from the perspective of stakeholders of shareholders,customers,employees,government,community,charity,resources and environment,and expounds the necessity and significance of social responsibility in combination with stakeholder theory,contract theory and signal transmission theory.By combing and summarizing the system,basis and results of information disclosure of commercial banks in China at the present stage,this paper summarizes the characteristics and deficiencies of social responsibility information disclosure of commercial banks in China,including the failure of detailed disclosure of negative information,inconsistent disclosure content and weak comparability of disclosure information,so as to provide a theoretical perspective for empirical research.Through the disclosure of social responsibility information of 36 banks from 2008 to 2020,a multiple regression model is established,and the robustness is verified by Heckman two-stage model,double difference model and changing the explained variables.The results show that when commercial banks improve the quality of green credit information disclosure,their operating performance has also been significantly improved.This result is still valid after Heckman two-stage model,double difference model and changing the explained variables,which proves the robustness of the regression result.