The Empirical Research Of China’s Listed Companies In Social Responsibility Information Disclosure And Financial Performance Relationship

Corporate social responsibility not only the internal needs of the enterprise developmentand to settle down, but also the expectations and demands of the modern social enterprise.Enterprises to enjoy the social, environmental, given the development opportunities at thesame time, should assume responsibility for employees, consumers, social and environmentalresponsibility, to assume the responsibility of promoting sustainable development. In2011,the International Organization for Standardization released the ISO26000standard on socialresponsibility. At the same time, the Aluminum Corporation of China in April in accordancewith the standards prepared and published its sixth Corporate Social Responsibility Report. Inrecent years, state authorities have issued a series of guidelines designed to standardize thebehavior of corporate social responsibility. For this study provides a theoretical basis andpractical guidance, based on this, the theme of this paper.This article is divided into six chapters. The first chapter is an introduction, includingbackground and significance of research and methods, and technology roadmap. The secondchapter is the theoretical foundation and Research, the basis of the theory of socialresponsibility, social responsibility information disclosure to define and determine themeasurement method; The third chapter is at home and abroad to disclose socialresponsibility information disclosure situation, to analyze and summarize the state of thedomestic and international social responsibility information disclosure; The fourth chapter isthe empirical research design. Select the2008-2010in Shanghai and Shenzhen stock issuedCorporate Social Responsibility Report "as the study sample, formulating hypotheses, toestablish the variables, multiple linear regression models. The fifth chapter is the data analysisand empirical results, the correlation between variables descriptive analysis and regressionanalysis confirmed the establishment of the hypothesis. The sixth chapter is the conclusions and recommendations. Analysis revealed that four conclusions(1)Corporate socialresponsibility information disclosure on financial performance was significantly positivelycorrelated;(2)The responsible section of the social responsibility of information disclosure andfinancial performance was part of a positive correlation;(3)Large scale, the higher the socialresponsibility of the quality of the information disclosed by the good performance ofcompanies;(4)Social responsibility information disclosure of the impact on financialperformance with a lag.Finally, according to China’s listed companies in social responsibility informationdisclosure, this paper presents related recommendations.