The Study On Social Responsibility Information Disclosure Of Listed Companies

Since GRI release the sustainable development report guidelines for the first time, globalcorporate social responsibility information disclosure gradually changes from environmentalinformation disclosure to disclose information about economy, society and environment and soon. In practice, social responsibility information disclosure of Chinese listed company is on themove, as the public demand for society responsibility information is increasing, the study onpresent situation about social responsibility information disclosure of listed company is ofimportant practical significance.First of all, this paper discusses the system, content, form and driving force of corporatesocial responsibility information disclosure in three developed countries, the United States,Britain and Japan, then analyzes the present situation of listed company in China, does empiricalanalysis with index method to47social responsibility reports referring to G3guidelines,issuedby the Shanghai stock exchange during the years from2008to2010, establishing a socialresponsibility information disclosure index, and points out the problems of social responsibilityinformation of listed company, analyzes the influence factors of information disclosureaccording to the three highest disclosure index of listed companies in the47social responsibilityreport samples, finally, according to excellent experience from the international socialresponsibility information disclosure and the empirical analysis results, puts forward relatedmeasures and suggestions for the listed companies in China about social responsibilityinformation disclosure.As shown by the study, the society responsibility information disclosure system of listedcompanies is not perfect, and lacks of specific criteria helping listed companies make socialresponsibility report. From the contents these reports disclose, we can see the information ofstrategic and economic performance is full enough, the disclosure index of environmentalperformance is low, and the disclosure index of social performance is the lowest. The listedcompanies have not formed a unified disclosure form, as the amount of companies release socialresponsibility reports on the website of Shanghai stock exchange in2010is less than a third.Regulations and social supervision are external factors impacting social responsibilityinformation disclosure, and results of operations, corporate governance, and social responsibilityconsciousness of executives may be internal factors. Therefore, we should formulate socialresponsibility report drafting standards for listed companies as soon as possible, to unify disclose content and form, set up the information disclosure system. It can promote the listed companiesto raise the level of social responsibility information disclosure through strengthening socialsupervision, completing corporate governance, cultivating society responsibility consciousness,developing social responsibility investment, promoting the formation of enterprise responsiblecompetitiveness and so on.