Research On Impact Factor Of Listed Corporate Social Responsibility Information Disclosure

With the rapid economic development, enterprise management system andconsumer awareness become more and more robust. Hence stakeholders have moredemands on corporate social responsibility, and hope enterprise can deal withcorporate social responsibility information disclosure timely. Enterprise is aparticipant in economic activities, it has the obligation to fulfill their socialresponsibilities, and to disclose information for users. However, the main objectiveof enterprise is to always survive and develop, and increase corporate profits,maximize its value. Cost-effectiveness is the criterion to measure whether theenterprise participates economic activities or not. Providing accounting informationallows of no exception. This paper analyzes factors of voluntary informationdisclosure on listed corporate social responsibility by the method of combination ofthe normative research and the empirical research. And research on voluntaryinformation disclosure of corporate social responsibility has some theoretical andactual significance.In this paper, the social responsibility of information on the impact of domesticis reviewed and research situations are summarized, and the contents of the study, theresearch method and technical route are described. This paper overviews the theorystatus of listed corporate social responsibility information disclosure in China fromthree aspects, theoretical results of CSR information disclosure, the necessity of CSRinformation disclosure, and institutional environment of CSR information disclosure.Secondly, this paper presents some research hypotheses about factors based onmotivation of information disclosure of corporate social responsibility, and explainshow to measure CSR voluntary information disclosure index. Finally, this paperchooses600listed companies as the research object from2010to2012in13industries in China, collects data from their annual reports and processes it, doesempirical research on factors of voluntary information disclosure of listed corporate social responsibility through SPSS20.0, and makes a few suggestions for safeguardmechanism of information disclosure of listed corporate social responsibilityaccording to the empirical results.The research finds that the overall level of listed corporate social responsibilityinformation disclosure in China is to be improved. Firm size, the nature of state-owned shares, the cash flow capacity, the size of the audited entity, environmentalsensitivity are significantly positively correlated to listed corporate socialresponsibility information disclosure level, the proportion of employee supervisors ispositively correlated to listed corporate social responsibility information disclosurelevels, but not significantly, and financial situation of enterprises is negativecorrelated to listed corporate social responsibility information disclosure level, notsignificantly.