Research On The Influencing Factors Of Corporate Social Responsibility Information Disclosure Of Coal Listed Companies

In recent years, the events that public interest had been damaged by theenterprise has occurred, such as San Lu milk powder incident and cooking oil incident.These incidents make people pay more and more attention to corporate socialresponsibility. The enterprise itself also gradually realizes that how important it is tocorporate social responsibility for establishing a good corporate image. So more andmore companies have fulfilled their social responsibilities and disclosed socialresponsibility information. However, the enterprise in China have not fulfilled socialresponsibility initiatively and voluntarily. The condition of corporate socialresponsibiliy information disclosure is not very good. Besides, The contents are quitelimited and the format is not standardized. The study of corporate social responsibiliyin our country starts late and has not formed mature theory of corporate socialresponsibility information disclosure. Therefore, it is significant practically andtheoretically to explore the factors of corporate social responsibiliy informationdisclosure of listed companies.This paper firstly reviewes the relevant research of domestic and internationalcorporate social responsibility information disclosure. Then it summarizes corporatesocial responsibility information disclosure and defines the related concepts and thecontents and the measurement methods of corporate social responsibility informationdisclosure. After that it analyses the current situation of corporate social responsibilityinformation disclosure of coal companies in China and points out the problems. Thenit analyses the affecting factors of coal corporate social responsibiliy informationdisclosure theoretically. On this basis, an empirical study of the factors of corporatesocial responsibiliy information disclosure has been held. I selected25listed coalcompanies as sample, the conditon of corporate social responsibiliy informationdisclosure as the explained variable,6factors (firm size, profitability, financial risk,the proportion of independent directors, the proportion of tradable shares and theboard of supervisory) as explanatory factors, make descriptive statistical analysis,correlation analysis and regression analysis with the statistical software SPSS19.0andfinally get meaningful result. The result shows that, firm size and profitability aresignificantly positively correlated with the level of corporate social responsibiliyinformation disclosure, financial risk is significantly negatively correlated with thelevel of corporate social responsibiliy information disclosure, the proportion of independent directors is negatively correlated with the level of corporate socialresponsibiliy information disclosure but not significantly, the proportion of tradableshares and the board of supervisory are positively correlated with the level ofcorporate social responsibiliy information disclosure but not significantly.In the end, based on the theoretical analysis and the result of the empirical study,there are some corresponding suggestions: firstly, increase the awareness of socialresponsibility; secondly, establish laws and regulations on corporate socialresponsibility information disclosure; thirdly, build corporate social responsibilityinformation disclosure standards and social responsibility information assurancesystem; finally, improve the corporate governance structure. These recommendationshave certain reference value for enhancing the level of social responsibilityinformation disclosure of China’s coal enterprises.