Research On Value Relevance Of Chinese Listed Company Social Responsibility Information Disclosure

Our country’s economy has been the rapid development of the resultsare impressive, the socialist market economy has made great strides. At thesame time, a variety of social problems in the environment, employees,product quality attract the attention of the public. In2008, the issue of foodsafety has led to the concern of the whole society, the milk scandal, ourcountry’s industry is not only implicated, but also affect the entire foodindustry, consumers concerns triggered a crisis of confidence. Globaleconomic integration, Our country’s enterprises have to go out of thecountry, torrents into the development of the world, and thus the lack ofattention to corporate social responsibility can not become the hinder thedevelopment of Chinese enterprises abroad, foreign enterprises on theimportance of social responsibility of Chinese enterprises do not attachimportance to such a huge gap between the social responsibility to be fullyaware of the harm it brings, this hazard will not only affect the export ofChinese products. Thus, in order to gain a firm foothold in the increasinglyfierce international competition, it is necessary to strengthen the importanceof corporate social responsibility.In simple terms, the information disclosed is a means ofcommunication between managers and investors, stakeholders an importantway to reduce the role of asymmetric information in the capital market andexternal stakeholders to improve the social-related "corporate socialresponsibility" Contracting mutual relationship of trust, so that the companycan reduce transaction costs. Doing guide all kinds of customers to makethe corporate image and reputation of the investment decision-making will have a positive impact. This can increase sales, expand market share,increase revenue, enterprise value can be improved. Therefore, the socialresponsibility information disclosure has a certain value. Therefore, thisempirical analysis has useful real conclusions. The research method is theuse of the description of the statistical analysis of hair and empirical testmethod, first expounded the theory of creation of relevant stakeholders,corporate social responsibility information disclosure under the corporatevalue and social responsibility, under the support of the three theories,further study of the current status of social responsibility informationdisclosure and the existence of the problem, which leads to socialresponsibility information disclosure of listed companies, t he value ofempirical research. The results show that: the social responsibilityinformation disclosure of listed companies in China with a value ofcorrelation, stakeholders can help by reducing the information asymmetrybetween the investors and enterprises to make rational decisions. In the lastpart of the article put forward a series of recommendations to strengthen ourcorporate social responsibility information disclosure.