Zhejiang Listed Companies Based On The Gri System Of Social Responsibility Information Disclosure

Corporate social responsibility (CSR) has been recognized and accepted for a long time in the foreign countries in the past several decades, and has been the focus in the areas of research and practice. At the same time, many corporate social responsibility report (CSRR) organization have been set up in order to evaluate other companies' CSR information by means of issuing professional CSR reports (CSRR), such as the Global Reporting Initiative (GRI), KLD, DJSI, etc, and these CSRRs plays an important role in the investors' decision-process.The economy globalization has put China on the tide of CSR, which can be proved by the fact that the CSR rule, take SA800 as an example, has been paid more attention in China. Though such CSR rules are difficult for some of our companies to achieve for the moment, they are destined to be accepted by Chinese companies in the end, for CSR is in the interest of all the people.In order to evaluate the development of CSR in China, the thesis firstly compares the 3 main CSRR systems and Chinese annual report rule, based on the fully research of foreign CSRR papers, and draws the conclusion, that is Chinese annual report rule needs to be perfected in terms of CSR.Secondly, by choosing the public companies of Zhejiang province as the research object, the thesis finds that nearly all the public companies can issue the CSR information requested to outer society, as well as some pieces of voluntary CSR information not requested by the SEC's annual report rules, which means that the SEC's annual report rules can have a strong effect on the content and format of CSR information, though they are imperfect.Finally, this thesis finds that there exists strong relationship between the CSR information disclosure rates and the company's payoff indexes. By means of reporting CSR information to the society, the company can convey the good payoff news to the outer society. And the CSR information can cause good reputation to the company, in this way the CSR information can ensure the better development.