An Empirical Study On The Relationship Between Ownership Structure And Corporate Social Responsibility Information Disclosure

With the development of Western countries’society and economy, foreign countries pay more and more attention to the social responsibility of the enterprise, the foreign corporate have a deeper understanding about social responsibility and more and more enterprises are willing to consciously fulfill their social responsibilities, and theoretical circles continuously from various aspects and angles to carry on the research of corporate social responsibility and provides a theoretical guidance for the enterprise. In China, due to the impact of the world economy and the market economy system reform, the national economy and the scale of the enterprise has been greatly developed, various problems emerge:do not attach importance to the social responsibility, make fake and inferior products, hurt the interests of employees, the emergence of environmental pollution behavior, the contradiction between enterprises and the public and stakeholders of the escalating. Enterprises have gradually realized that to become bigger and stronger, to have sustained competitiveness, we must pay attention to corporate social responsibility, fully aware of the importance of fulfilling social responsibility. Therefore, this paper analyzes the issues of corporate social responsibility information disclosure from the perspective of ownership structure, empirical research on the effect of related factors of ownership structure on corporate social responsibility information disclosure.The empirical results show that:(1))The equity concentration has significant positive correlation with corporate social responsibility, the more the equity concentrated, the more enterprises inclined to perform social responsibility and disclosure the information. (2) The equity restriction has significant positive correlation with corporate social responsibility, the stronger of the restriction the second to the fifth largest shareholders to the first big shareholder, the higher the level of corporate social responsibility information disclosure. (3) the proportion of state-owned shares between corporate social responsibility information disclosure are positively correlated, but not significantly. (4) the proportion of foreign investment shares has significant positive correlation with corporate social responsibility, the higher proportion of foreign investment in the enterprise, the more firms are inclined to perform social responsibility and disclosure the information.Finally, according to the results of the study and at present in China corporate social responsibility development situation, from the aspects of ownership structure puts forward some suggestions to improve corporate perform social responsibility and disclosure the information.