Research On Driving Factors Of Disclosure In Forestry Enterprises

In the context of economic globalization,forests take a vital role in global ecological protection and the solution of social and environmental problems,the development of corporate social responsibility in forestry enterprises of the worldis alsoparticularly important.Meanwhile,the development of forestry enterprises in China and the implementation of corporate social responsibility are also under the background.Corporate social responsibility report disclosure of forestry enterprises shows the content of the fulfillment of corporate social responsibility,and strengthen the external communication.And it is also a helpful way to the supervision and regulation.Therefore,the issues about the current level of corporate social responsibility report disclosure of forestry enterprises,the influencing factors and the drive mechanism all need to be solved,which are lack of theoretical basis and empirical studies.This study analyzed content of corporate social responsibility reports of forestry firms by qualitative analysis method,estimated the disclosure level,identified the key internal and external influencing factors and explored the driving mechanism.During the research process,we made efforts on the theoretical interpretation for the content,current content strategies,influencing factors of Chinese forestry enterprises social responsibility report disclosure,took comprehensive utilization of prospect theory,upper echelons theory,stakeholder theory etc.as the theoretical basis,through the empirical analysis,in order to supply the references on policies for the relevant departments and theoretical supports for further development on the research.The research is included of two main aspects,one aspect is the content of corporate social responsibility report disclosure of forestry enterprises and the other is the driving factors.The CSR report content analysis concludes two aspects,one aspect is comparative content analysis of CSR reports for forestry companies,the other aspect is the strategies on CSR content of Chinese forestry enterprises.The driving facyors of disclosure on three levels.The main contents and conclusions are as follows:First of all,with the qualitative method of content analysis and comparative perspective,this study analyzed the content of CSR reports of Chinese and foreign typical forestry enterprises.In the international background of the development of forestry industry and under the guide of industry associations,CSR content and report disclosure framework of Chinese forestry industry is given priority to domestic issued guidelines,and there is still a certain gap on CSR disclosure form and content with the top international forestry companies.However,with the expansion of forestry industry,the disclosure framework and the content of the CSR report will be in line with international standards progressively.There is little negative information disclosure in the CSR reports of forestry and the integrity and authenticity of the information needed inspection by the third party.Second,this study focused on the strategies on CSR content of Chinese forestry enterprises with case study method.And we have taken by the strategy classification of CSR for the interviewed forestry companies including reactivestrategy,responsive strategy and proactive strategy.Research results show that the strategy on performance of CSR of Chinese forestry enterprises has entered a transition period,some top forestry enterprises in the industry have attached importance to the performance of environmental and social responsibility.Meanwhile,the analysis results also show that the CSR content strategy presents a variety of comprehensive implementation of policies in the process of fulfillment for CSR,in order to achieve better social and environmental responsibility performance.There is also spacein the implementation of proactive strategy to further improve.Third,this study shed light on individual level according to the upper echelons theory and prospect theory,it empirically tested the affect of executives with the two-model.It analyzed the factors influencing on the CSR report disclosure risk cognitive degree of the managers and the results indicated that there is a correlation between the CSR report disclosure decision and the degree,working years and the professional knowledge background of the managers.There is also influencing on the decision of the managers whether they participated in the processing of CSR report drafting and releasing.Fourth,this study shed light on company characteristicslevel,it empirically tested the factors influencing on CSR disclosure level of forestry enterprises.One aspect,this study analyzed the CSR disclosure index and the analysis results indicate that CSR disclosure index of Chinese forestry listed companies raised year by year and the quality of report disclosure gradually increased.The forestry listed companies in the disclosure of information to the shareholders maintained at a high level and stable quality.Disclosure information of environment and employee is relatively well,however,the disclosure of environmental information is disparate between companies and the quality is not stable,a few of forestry enterprises did not disclose information on environmental responsibility.On the whole,the level of disclosure information of suppliers,customers and the community was lower than other dimensions.The other aspect,the results of multiple regression analysis showed that there is a positive impact on CSR report disclosure level of forestry enterprises from firm size and equity concentration.However,there is a negative impact on CSR report disclosure level of forestry enterprises from the finance leverage.Fifth,this study also shed light on the forest industry level,it empirically tested the internal and externaldriving factors of CSR report disclosure of forest industry byprincipal component analysis method.There are five main driving factors including requirements of key stakeholder in external driving factors,requirements of key stakeholder in internal driving factors andmaintenance of industry influence,driving of internal development and industry association,driving of enterprise conscience and driving of requirements of avoiding risks and strengthen the external communication.The test results showed the cognition of the managers that the role of key external stakeholders was the most significant,the following was requirements of key stakeholder in internal driving factors andmaintenance of industry influence,driving of internal development and industry association,driving of enterprise conscience and the least significant driving factor was requirements of avoiding risks and strengthen the external communication.The driving factors were connected with each other,formed the comprehensive system of driving mechanism.