Research On The Relationship Between The Corporate Govenace And Social Responsibility Information Disclosure

With the impulse of national laws and regulations, external media supervision and other kinds of forces, corporate social responsibility information disclosure behavior increase in common. Compared with the number of disclosure, people pay more attention to the quality of social responsibility information disclosure obviously. At present, many scholars at home and abroad who studied corporate social responsibility information disclosure, considered separately the relationship between company characteristics, ownership structure, structure of board and the social responsibility information disclosure is rich, the content of the generated give us many academic achievements, but if stand in the perspective of corporate governance, control the company characteristics influence on the social responsibility information disclosure, someone who specifically research the relationship between corporate governance and corporate social responsibility information disclosure is relatively small, especially the lack of convincing empirical research.This thesis first reviews the relevant literature at home and abroad, and elaborates the defects existing in current domestic research innovatively. Secondly, this thesis discussed the current situation of the domestic corporate social responsibility information disclosure and the influence factors, and proposed the research hypothesis of corporate social responsibility information disclosure. Under the premise of special market environment and legal background in our country, the thesis find out the influence factors of corporate social responsibility information disclosure level starting from two aspects:ownership structure and board characteristics. The thesis takes the enterprise social responsibility report independent released by the A-share listed non-financial corporations in2009and2010as the study sample, constructs empirical models to test the influence of check-and-balance ownership structure, the ultimate control over nature, institutional investors holding, executives shareholding ownership, and board size, independent directors as well as the control variables to corporate social responsibility information disclosure. The data were analyzed by descriptive, correlation and regression analysis using statistical analysis software(SPSS、EVIEWS6.0). Quantile regression and control of the entire industry’s robustness tests this thesis used all support above conclusion.The research results show that possible arranging ownership structure and board structure can improve the level of corporate social responsibility information disclosure to some extent. Under the background of the current system, in addition to relying on the external supervision system, more attention should be paid to the internal supervision mechanism in order to improving the level of corporate social responsibility information disclosure and promoting the sustainable development of the enterprise.