An Empirical Analysis Of Corporate Social Responsibility Disclosure Of Public Companies In China

It has been a long time that most of the enterprises of our country limit their targets to "maximizing business economic benefit", as a result of this, a series of social problems and economic problems come up. However, with the transformation of the economic growth pattern, the progress of public social responsibility, the maturing of business management, the situation of corporate social responsibility is drawing increasing attention from government, public and medium. Stakeholders including shareholders, creditors, communities, NGOs and so on, all value corporate social responsibility disclosure more and more. The research on corporate social responsibility disclosure in our country is still in its infancy while the analysis on the influence factors of corporate social responsibility disclosure is far from enough. Hence, this paper has certain theoretical and practical value to establish and improve corporate social responsibility disclosure system in our country.This paper focuses on disclosure of social responsibility, firstly defines the definition of corporate social responsibility and reviews the theoretical basis of corporate social responsibility disclosure. Secondly, this paper analyses the driving forces and the practice situations of corporate social responsibility disclosure in the major western developed countries. In addition, this paper analyses the status of corporate social responsibility disclosure in our country, and explores the influence factors on corporate social responsibility disclosure of Chinese public companies. The whole paper makes analysis with the integration of standard analysis and empirical research, uses literature search, comparative research and quantitative study in different chapters.This paper is based on the investigation of Chinese public companies. Through a systematical analysis to the quantity and quality of the corporate social responsibility disclosure, this paper find that the quantity of corporate social responsibility disclosure in our public companies has developed rapidly, meanwhile, there is a large gap between different district and different industry. As to the quality of corporate social responsibility disclosure, on one hand, the integrity, comparability and timeliness is different between the industry and company; on the other hand, the balance and reliability is generally poor. In the empirical study part, this paper selected115public companies as the research sample, and made empirical analysis by SPSS17.0. The results show that disclosure of social responsibility is positively correlated with several influence factors including company size, state-owned enterprises and market position, while negatively correlated with the previous year’s financial situation. Furthermore, industry, financial leverage and concentration of ownership structure don’t have impact on corporate social responsibility disclosure.The contributions of this paper contain:1. In the empirical study part, this paper uses the development index of corporate social responsibility which is come from <Report on corporate social responsibility disclosure of Chinese public companies2011> as the measurement index of corporate social responsibility disclosure, this improvement make the results more persuasive;2. This paper firstly takes market position as a influence factor of corporate social responsibility disclosure, and finds that market position is positively correlated with disclosure of social responsibility.