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

With the development of social economy and human civilization, enterprises who only focus on economic benefit can not be what people require. All circles in the society begin starting to care about enterprise public responsibility, and the enterprise itself also gradually realizes that how important it is to corporate social responsibility for establishing a good corporate image. In China, the energy sources enterprise is a industry with strong economic strength and technical support, and the People’s livelihood is related to the pillar industry. Because of some serious problems existed in its own operation such as heavy pollution and potential security problems, the fulfillment of social responsibility of an energy company becomes the focus in the society. In such a condition, exploring the factors of corporate social responsibility information disclosure of listed companies in order to improve the information disclosure condition, to promote the healthy development of the enterprise and to construct the harmonious society has the important meaning.This paper firstly reviews the relevant research of domestic and international corporate social responsibility information disclosure affecting factors. Then it summarizes corporate social responsibility information disclosure and defines the related concepts. This dissertation defines the stakeholders of energy enterprises in view of their characteristics, the main contents of the social responsibility information which shall be disclosed in energy industry and the measurement methods of corporate social responsibility information disclose in accordance with the specific demands of the social responsibility information. Through comparing with foreign energy companies, we will find the weaknesses of social responsibility information disclosure of Chinese energy companies. Then it analyses the affecting factors of energy corporate social responsibility information disclosure theoretically. On this basis, an empirical study of the factors of corporate social responsibility information disclosure has been held. I select104listed energy companies from2010to2012as sample and make descriptive statistical analysis, correlation analysis and regression analysis with the statistical software SPSS19.0and finally get meaningful result.The result shows that, in the affecting factors of energy corporate social responsibility information disclosure, firm size, financial risk and profitability are significantly correlated with the level of corporate social responsibility information disclosure. The nature of stock rights, proportion of independent directors, Ownership Concentration, the board of supervisory and the address of the company are correlated with the level of corporate social responsibility 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 from the macro and micro aspects to perfect China’s energy enterprises social responsibility information disclosure system. Through which one can propel the listed companies in energy sector to fulfill their social responsibility and improve the information disclosing circumstances. It has provided a theoretic reference for the providers, users and superintendents of social responsibility information.