Empirical Research Of The Impacts How Corporate Social Responsibility Information Disclosure Influences On Operating Benefits In Chinese Listed Company

Along with a series of accidents about food security, staff suicide jumping, especially big disasters happening, corporate social responsibility (CSR) has caused wide concern from governments, corporate and the public; as a consequence, the movement of that responsibility has expanded among China in an unprecedented speed. On the other hand, in recent years, Shanghai Stock Exchange, Shenzhen Stock Exchange, and certain associated departments such as the State Property Management Committee and the Securities Supervision Committee have released a train of CSR handbook so as to gradually guide and standard corporate social responsibility behavior. Although there is a very large improvement in Chinese enterprises about how to fulfill social responsibility as well as conducting relevant information disclosure, according to the investigate of CSR reports, the situation is still far away from ideal one. In my opinion, pursuing the profit as much as possible in many enterprisers'mind is the most reason blocking in CSR conducting way, as they insist taking the social responsibility as well as increasing the cost as a result. Based at this background, a topic of this research is raised.During my process, the research coded a methodology which combined standard analysis and demonstration analysis together, but based on the latter. First of all, on the basis of the benefit-related parties theory and CSR theory, it gives a specific definition of CSR core, therefore clearly defining the contents of CSR information disclosure, which provides concrete index for the quantification for CSR information disclosure level. Secondly, a deep analysis is made consisting of Chinese CSR information disclosure current situation, existing problems and reasons, pointed out the necessity of demonstration analysis just right. During the demonstration analysis, a layering random selection of 79 public companies'CSR reports that published by Shanghai Stock Exchange as a research sample, so a regression model is established, operating benefits as explained variable, the index of various profit-related CSR information disclosure as explanatory variable, enterprise scale as control variable; at the same time EViews software is applied to conduct corresponding Multiple Linear Regression.Research findings: 1) the level of Chinese public company CSR information disclosure is medium, among which the employees part is the highest.2) Public company'CSR information disclosure to clients and suppliers is positively correlated with operating benefits, while the relevance is week to employees and the community and public welfare establishments. On the other hand, it is negatively correlated to environmental conservation and sustainable development. All the conclusions are spread out in the research along with the corresponding reason analysis.In the end, according to the existing problems in China's CSR information disclosure, relevant policies and suggestion are proposed:1) Enhance legal system building of CSR information disclosure2) Introduce the third-party of comptroller system3) Boost the stakeholders'rights consciousness and supervision by public opinion.