A Study On The Earnings Management、Corporate Social Responsibility Information Disclosure And Corporate Value

Along with the rapid development of the global economy and the constantexpansion of the enterprise, the increasingly serious social problems such asenvironmental pollution, waste of resources, product quality problems followed,which gradually attracted the concerns of the community. This way of developmentaccompanied by serious social problems is inconsistent with the concept ofsustainable development, and it is not conducive to the long-term development of theenterprise. In the face of all kinds of social problems erupted, the issue of corporatesocial responsibility has gradually aroused the concerns of the community. In thisbackground, based on the status of corporate social responsibility informationdisclosure, we learn from related research and theory of social responsibilityinformation disclosure, then we research the relationship between corporate socialresponsibility information disclosure, earnings management and corporate value bymultiple regression analysis. The aim is to find out how to enhance enterprise valueand promote the sustainable development of the enterprise.In the first part, this paper describes the relevant literature of social responsibilityinformation disclosure. In the second part, this paper depicts the current status ofcorporate social responsibility in our country, and figured out that the current existingproblems of corporate social responsibility and make suggestions. In the third part,this paper measure corporate social responsibility information disclosure by indexmethod, taking the corporate financial statements and corporate social responsibilityreport from726samples to collect data. The paper calculates the earningsmanagement by using the modified Jones model. The market value added and Tobin’sQ indicators to measure the value of the corporate value. Then we research therelationship between corporate social responsibility information disclosure, earningsmanagement and corporate value by multiple regression analysis. The paper putforward some countermeasures and suggestions to improve the social responsibilityinformation disclosure in the end.This paper shows that: In the short term, corporate social responsibility impacton the corporate value is not reflect, this is because the corporate social responsibilityrequire a long time to reflect the corporate value. The corporate social responsibilitycan restrain earnings management, so company can fulfill their social responsibilitiesto inhibit the earnings management, thus increasing corporate value. The corporate social responsibility has a significant positive impact on corporate value.Finally, the paper put forward constructive countermeasures to result theproblems of social responsibility information disclosure. In order to increaseawareness of corporate social responsibility and strengthen social responsibilitysystem in our country, we can establish the external governance environment and themechanisms of corporate information disclosure, improve the internal governancemechanisms. Eventually promote our company’s sustainable development and theharmonious development.