On Social Responsibility Information Disclosure Of Mineral Resources Corporate In China

With China’s rapid economic development, more and more social problems have gradually exposed, the public paying attention to create economic wealth, at the same time, increasingly high degree of concern for corporate social responsibility has been focused. But seen from mineral resources industry, there are problems of less reliability, less timeliness, less effectiveness and no comparability in social responsibility information disclosure of China’s mineral resources industry. This can’t effectively support the stakeholders to make reasonable decisions relying on such social responsibility information. This study is aimed to solve these problems, including first, to solve the reliability and timeliness of corporate social responsibility report; second, trying in certain method to promote social responsibility information disclosure of China’s mineral resources industry to become more standardized; Third, uniform the standard of social responsibility information disclosure, especially uniform measurement of non-quantitative indicators; Fourth, to propose recommendations for improvement and measures of the mineral resources of corporate social responsibility disclosure.This article is divided into six parts, the first is an introduction, introduces the purpose and significance of research, literature review, research ideas and research methods. The literature review described the motivation of corporate social responsibility information disclosure, relationship between information disclosure and investment decision-making, quality of the information disclosure, impact factors of the information disclosure, current guidance of mineral resource corporate social responsibility and so on. Existing social responsibility guidelines mainly include the Social Accountability-8000, the Global Reporting Initiative Sustainability Reporting Guidelines, the oil and gas industry Sustainability Reporting Guidelines, the International Standard26000(ISO26000)-social responsibility guidance, Account Ability-1000and Sustainability Integrated Guidelines for Management. Research idea for this article is a general method to review first, then to evaluate and detect problems and to solve the problem in the last. The research methods included literature review method, empirical analysis method, induction method and SDI method.The second part is the overview of corporate social responsibility information disclosure theory. First the meaning of social responsibility and social responsibility information has been clarified in order to avoid both misunderstandings. Then corporate social responsibility information disclosure theory has been described, including the theory of social interest theory, contract theory, concentric responsibility circle theory, transaction cost theory, the interests of stakeholders theory. This paper selects the interests of stakeholder theory as the theoretical basis of this study, because first, the stakeholder theory has been basically mature; second, the theory is more commonly used in practice; third, it is easy to users to read basis on the interests of stakeholder theory. Finally, the characteristics of the mineral resources of corporate social responsibility have been analyzed to support the mineral resources of corporate social responsibility model to be established.The third part is the status of empirical analysis of China’s mineral resources, corporate social responsibility information disclosure. There are many particular CRS in mineral industry, so information disclosure of the industry is special, too. This paper selects all listed companies of China’s mineral resources industry as the sample; the other selected six international multinational or national mineral resources companies at the forefront of the industry are selected into the sample as a comparison. The research is divided into two parts:one is the overall analysis, another part is indicator analysis based on the reference index system. Analyzing to identify problems of corporate social responsibility information disclosure in China’s mineral industry, and then make the corresponding evaluation of these issues. It is specifically pointed out that the development status of corporate social responsibility information disclosure in China’s mineral industry, as well as empirical analysis of the problems exposed which including lack of voluntary, differences in diversity, non-uniform modes of the information disclosure, lack of verification from independent third-party and non-standardized processing of non-quantitative indicators, concealing negative information, incomparability of the information, deficiency of social responsibility information disclosure of some projects, etc.The forth part includes the proposals and initiatives of the information disclosure. The following aspects must be helpful to corporate social responsibility information disclosure which including to raise management awareness of social responsibility, to standardize report preparation basis, to strengthen the certification of independent third-party, to standardize non-quantitative disclosure methods, and improve the statistics. In addition, we have built indicators system of information disclosure social responsibility report of mineral industry, solved the problem of report preparation basis, I hope this could contribute to the progress of social responsibility information disclosure of mineral industry.The last part is concluding remark. This part pointed out the limitations of this article and the outlook of this research, it hopes to be able to overcome these limitations, and make further research along the direction of outlook.