An Empirical Research Of The Correlation Between Corporate Social Contribution And Environmental Information Disclosures

As the economy is becoming more and more developed,people all over the world pay more and more attention to the environment problems.The enterprises,who is acting an important part of the society,not only have the obligations to provide the consumers with products,to create wealth for the shareholders and the creditors,but also take on the social responsibility of managing and protecting the environment,saving the resources.At this point, the persons who need the environmental information are not only the shareholders and the creditors who connected with companies by direct interest. The people who demand for the environmental information are extended to various stakeholders,such as the employees,the suppliers and the consumers.Based on a random sample of100listed companies those including all kinds of industry subdivided by the CSRC(China Securities Regulatory Commission) and are among the RKS(Rankins CSR Ratings) companies,this thesis uses empirical research method to study the correlation of the corporate social contribution and the environmental information disclosure level.To be specific,based on Organizational compliance theory,Stakeholder theory,Asymmetric information theory and the theory of social responsibilities of enterprises,this thesis subdivides the corporate social contribution into the contribution to the shareholders,contribution to the employees,contribution to the suppliers,contribution to the consumers,the economic contribution to the whole society. And then study the correlation of the corporate social contribution and the environmental information disclosure level,which coming to the following conclusions:(1)there is a positive correlation between the contribution to the employees and the environmental information disclosure&between the contribution to the consumers and the environmental information.(2)There is no relationships between the contribution to the shareholders and the environmental information disclosure.(3)there is a negative correlation between the contribution to the suppliers and the environmental information&between the economic contribution to the society and the environmental information disclosure.At last,in order to solve the problem of environmental information disclosure of the enterprises,the author comes up with several suggestions and measures.Based on theoretical analysis,this thesis uses empirical analysis methods to elaborate the following six various parts.Beginning with the research background and research significance,the first part of this thesis states the approach and framework of this research,following with the main Innovative points.The second part is the domestic and international literature review section.In this part,we review the newest research on the contents of the environmental information disclosure,the disclosure methods,the factors of the environmental information disclosure and the market reaction,etc.In the following section,this thesis carries on theory analysis,which contains the concepts of the Corporate Social Contribution and Environmental Information Disclosures.And then we introduces the basic theory of environmental information disclosure under the framework of the social responsibility.In order to discuss the correlation between the Corporate Social Contribution and Environmental Information Disclosures,we design five assumptions and then empirically examine them.In practical terms,we uses Stata12.0Software to test and analysis the model with the multiple linear regression,including descriptive analysis, correlation analysis and multivariate linear regression analysis.Right after that,the conclusion and relevant analysis are come to.Eventually, we put forward some measures to improve the environment accounting information disclosure level of the listed company of our country.The main innovative points of this paper are given as follows:(1)The measurement of the corporate social contribution and environmental information disclosures is based on a professional assessment system of Corporate Social Responsibility Report,leading to a more convincing conclusion.(2)Shaking off the fetters of the tradition factors,this paper choose the corporate social contribution to be the explanatory variable.To a certain extent,it expands the research contents of the enterprise environmental information disclosure.