The Correlation Analysis Between Corporate Social Responsibility Information Disclosure And Share Price In Listed

With the scientific outlook on development and social harmonious development goals putting forward, social benefits must be improved and social responsibilities must be carried out, meanwhile, economic benefits must be carried out by all levels of society. So countries in improving economic development and improving capital market, also require companies to increase the environmental protection, energy saving, improving product quality, community development, in order to realize the attention of the harmonious development of man and society. On January 1, 2006, China's newly issued "company law" in first clearly ask the company to bear "social responsibility".As social major members, enterprises play an important role in the process of achieving the social responsibility. How does the listed companies to bear the social responsibility disclosure in China? Will does the social responsibility information influence the stock? Chinese scholars of social responsibility for companies to disclose information to share price effects, therefore this paper will be less contributions by establishing social responsibility of the enterprise undertakes index, the social responsibility of the content, using the quantified empirical research methods to verify the listed companies in China investors by the decision whether or not to corporate social responsibility, and the influence of understanding our country enterprise social responsibility situation, and hope to each enterprise stakeholders decision help, and at the same time, improve the social from all walks of life to the social responsibility of the enterprise's awareness and attention.Statistical analysis and regression analysis methods will be applied in the article. By analyzing 2006, 2007 and 2008 three successive years of data sampling analysis to study the listed company disclosed its social responsibility information share of the correlation between the listed company. First to stakeholder theory as a foundation, on the listed company undertakes the social responsibility object division. Then based on May 13, 2008 Shang Jiao Suo issued "notice" mentioned in the "social contribution value per share," design can reflect listed company shall bear the social responsibility of stakeholders in sampling, index, and the annals of companies to disclose data in order to reveal the listed company, tapping on the social responsibility of the stakeholders contribution. Through the statistical analysis and regression analysis, understand the listed company disclosure, the present situation of social responsibility information analysis and research of the listed company with social responsibility information disclosure of the correlation between share prices. Research results show that: the listed company information disclosure of social responsibility for poor performance, China's investors the social responsibility of the enterprise disclosure of information do not focus on the listed companies in China at present, the social responsibility information disclosure of its share price no significant correlation between, between the various social strata's social responsibility consciousness needs to be strengthened. Just above the conclusion of the listed companies on China's social responsibility information disclosure, and put forward Suggestions for corporate social responsibility information disclosure provide some reference for the perfect.