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The Empirical Research On The Corporate Social Responsibility Information Disclosure By The Listed Companies And Demonstration Of Their Business Performance In China

Posted on:2010-01-01Degree:MasterType:Thesis
Country:ChinaCandidate:M H ZhaoFull Text:PDF
GTID:2189360275452461Subject:Accounting
Abstract/Summary:PDF Full Text Request
Social responsibility is one of the major subjects in the modern sustainable development while the Corporate social responsibility(CSR) is advancing at a highest-ever speed.In China,the state-owned enterprises,foreigner invested companies and domestic private businesses have all recognized the importance of publishing their social responsibility information since the first CSR report was disclosed in 1999.A new development stage of CSR reporting was reached in 2006 when many enterprises released their first CSR report to the public and even more significant development was achieved in 2008.Especially,a number of striking incidents occurred in 2008,for example, the disarstrous snowing,the '5-12' Wenchuan earthquake and the 'Trideer milk power event', made different people think about and appreciate CSR.More and more domestic scholars started to study CSR and the establishment of CSR reporting rules observing both the country's basic conditions and the international convention has been an important and hot topic of their studies. Also,the State Property Management Committee and the Securities Supervission Committee have stipulated and published a series of CSR guides which standardize the activities of CSR of various businesses in the country.All of these set up the basic theory and provide background information for the present study and the main topic of the investigation was determined based on them.In the present study,a large number of literatures were referenced,standard analysis and demonstration analysis were combined,and the benefit-related parties and corporate social responsibility(CSR) theory waere applied.Based on the domestic situations the contents of CSR report in China was defined according to the defined contents of CSR information disclforeign countries especially the Europian CSR disclosure scheme,and by refencing to GRI's 'Report of Global Sustainable Development' G3 eddition.It was shown that the Indexing analysis was a reasonable method for measuring and evaluating CSR information announcement.The carrier for and the role of CSR disclosure were analyzed as well.The newest status of domestic and foreign CSR information was analyzed as the core part of the present study.The differences between China and advanced countries in CSR information disclosure were notified.The CSR publication is highly correlated with the production performance of an enterprise.The both are propulsive and promotive to each other and are coponents of dialectical unity.In the study,the 'CSR Report' published by 66 listed companies in the Shanghai and Shenzhen Securities Markets were utilized as samples to bring about the hypothesis,to determine the variables concerned,and to establish a multivariant linear regressional model.The hypothesis was verified or confirmed via the description of correlation between the variables and regressional analysis.Four conclusions were made through the theoretical and demonstrative analyses:1) the overall rate of CSR publications by the Chinese listed companies are still lagged behind;2) the rate of CSR publication is related positively to the production performance in companies;3) the CSR publication of different related parties is not always positively correlated with the production performance index;and 4) Large-scaled companies with good production or running performance publish more CSR information generally.Consequently,suggestions for CSR publication in China were preposed according the problems existed and the conclusions made in the study.These include:1) a legal system of CSR publication needs to be established or improved;2) the company's consciosness of social responsobolity needs to be more strengthened;3) the examination of social responsibility by the third party needs to be intensified;and 4) independent publication of CSR information is advocated in China.There are some deficincies and difficulties existed in CSR information publication studies. Further investigations are stll necessary and an account of these was outlined in the thesis.
Keywords/Search Tags:Corporate social responsibility, stakeholders, information disclosure, production performance
PDF Full Text Request
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