Research On Social Responsibility Disclosures Of Listed Firms In Energy Industry

The practical experiences and theories of corporate social responsibility are booming and ripe in some of the developed countries such as the United States,Germany,Britain and France.It was in a comparatively late era when the concept of CSR was introduced into China.With the rapid development of social economy,the influence of modern companies has become more and more important in nearly all the aspects including society,politics and economy.The company can’t pursue development of its own without taking resource wasting,environmental pollution,occupational safety,labour troubles and infringement of the rights of consumeis into consideration.It is inevitable of the company to bear the social liability while seeking its own growth and development.The energy sector should be objective and fair in corporate social responsibility information disclosure on account of some serious problems existed in its own operation such as heavy pollution and potential security problems.Such corporate should inform all stakeholders of the problems existed in its company.However,on the subject of CSR information disclosure,there are significant differences in the contents of disclosure but no authentic frame and criterion of that among different countries.What’s more,researches both at home and abroad have not offered no clear distinction of the CSR information disclosure.That’s why the research of the CSR information disclosure is of great importance in the development of list companies in energy sector.Based on the document lteratures,this text analyses and summarizes the main research results and drawbacks of the CSR information disclosure both at home and abroad. Referring to ISO26000indices of international social responsibility and proposal documents of that at home,taking some particularities of energy sector-heavy pollution,resource waste and potential security problems--into consideration,this text has classified the contexts of CSR information disclosure into four kinds:responsibility management (responsibility administration,responsibility propulsion and responsibility communication),market responsibility(protection the rights of customers,partners and stockholders),social responsibility (government responsibility,staff responsibility and community responsibility) and environmental responsibility(environmental management,saving resource and emission reduction).Index method has been used in this text in analyzing the current situation of national CSR information disclosure in energy sector.The CSR information disclosure index comes from a process of analyzing.assigning numerical value and scoring method.Analyzing the existing four kinds of contexts about the CSR information disclosure in energy which has twelve small kinds included,assigning a numerical value to every small kind of context in the method of both quantitative and qualitative depiction,scoring each information after reading annul report forms of listed company,then a final score will be made.The final score is the CSR information disclosure index.Both the influence of internal driving factors (characters of company, company management system etc.) and external driving factors (pressure comes from regulatory bodies and stakeholders etc.) have been taken into consideration while analyzing the influencing factors of CSR information disclosure in energy sector.The method of multiple regression has also been used.This text has also analyzed and evaluated the current disclosure situation in official website’s CSR special column and the reports of social responsibility,which are another two important channels of CSR information disclosure.The following conclusion have been given through comparative and empirical analysis:1,The level of CSR information disclosure in China is comparatively low,but is in continuing improvement.2,Among the influencing internal factors of the listed company’s CSR information disclosure in energy sector,company scale and management system are dramatically relative to CSR information disclosure while the factors as company performance and the quality of stock right are not.3,Among the external factors of the listed company’s CSR information disclosure in energy sector,the restrict of laws and regulations,information requirements of stockholders and investors and company’s locational factor are dramatically relative to CSR information disclosure while the information requirements of other stakeholders are not.4,Among the channels chosen in information disclosure,the annul report is still the main method in listed companies in energy sector while releasing a social responsibility report or setting a CSR column are lesser chosen.There are great differences in the developing standards of these disclosing channels.Finally, combining with the above research conclusions,this text has given policy suggestions in improving external disclosing environment and elevating a company’s internal management system,through which one can propel the listed companies in energy sector to fulfill their social responsibility and improving the information disclosing circumstances. It has provided a theoretic reference for the providers,users and superintendents of social responsibility information.