Enterprise Community Responsibility Information Disclosure And Enterprise Value Relevant Research

With the rapid development of China's economy and people's living standards, whether the enterprises can actively decide to fulfill their social responsibility has become an important factor in the survival and development. Especially after China's accession to WTO, many companies have realized that the importance to fulfill their social responsibilities and correctly disclose information. But on the whole, the sense of corporate social responsibility in China is weak at present, and the enterprises can not conscientiously to fulfill their social responsibilities and prepare the CSR reports. Some companies even think that performing social responsibility will result in increasing production costs which is not conducive to increase their economic interest. In view of this, this article from the reality of our country, seeing the information home and abroad on corporate social responsibility information disclosure and corporate value relationship research, strives to explore the relationship between the corporate social responsibility information disclosure and corporate value in the special circumstances of China's socialist market economy. The purpose of this paper is to draw on corporate social responsibility information disclosure has a positive impact on business value, to enable enterprises to realize that to actively fulfill their social responsibility can bring economic benefits to themselves, to enable enterprises to initiatively take the social responsibility.This paper collects and summarizes the information related to social responsibility based on the 2009 annual reports of listed companies (enterprises releasing corporate social responsibility report directly search Social Responsibility Report), carrying out the rating for the corporate social responsibility information disclosure situation in accordance with their own social responsibility disclosure index, measuring the enterprise value by Tobin,sQ, whereby sets up a regression model to make a descriptive analysis and multiple regression analysis on the relationship between the corporate social responsibility disclosure and corporate value. Obtained through the analysis: there exists a positive relationship between the corporate social responsibility information disclosure and corporate value, that is more social responsibility information disclosure can also increase the value of the business, but the relationship between the two is relatively weak, which is consistent with the initial assumptions of this article, and the results of descriptive statistics also confirmed the conclusion from the side. From a practical point of view, this conclusion has been verified in practice. Some better economic medium-sized enterprises actively & self-conscious commit to bear social responsibility and initiatively publish the social responsibility information.