Disclosure Motivation Of Corporate Social Responsibility Information

In recent years, a majority of businesses in HeBei province faced living dilemmain order to prevent “haze”. The high speed of development in economic and social,make more and more enterprises realize that enterprises keep coexistence withsociety—maximum profit and social responsibility are both necessary. A positivecommitment to social responsibility can improve the core competitiveness ofcorporations, thus make the corporations become more progressive. Therefore, a largenumber of academicians have take part in the research of CSR. Since2009we havenoticed the number of the reports on CSR presents growth spurt. So why dobusinesses positively issue reports about CSR? Based on this, the paper will researchthe motivation for the enterprises to reveal CSR on condition of information opening.We write this paper with theory and practice. To begin with, we sort out theoreticbasis and literature of CSR and CSR information disclosure, reviewed massresearches and theories at home and aboard of CSR, identified some preliminaryfactors influence on CSR information disclosure, and provided three assumptions onthe basis of before work:(1)the motivation of CSR information disclosure is toimprove its own profitability;(2) the motivation of CSR information disclosure is tosatisfy its own financing demand;(3) the motivation of CSR information disclosure isto reduce its own agency cost. And then, we make an empirically analysis on theseassumptions by regarding the CSR reports of100series enterprise published by theAcademy of Social Sciences. Considering hysteresis quality in information transfer,we test our assumptions by using Stata software: description statistic analysis、Interactive analysis、Logistic regression、one dimension linear regression。Research shows:(1)the motivation of CSR information disclosure is to improveits own profitability;(2) the motivation of CSR information disclosure is to satisfy itsown financing demand;(3) the motivation of CSR information disclosure is to reduceits own agency cost;(4) ownership concentration have significant positive impact forCSR information disclosure，because nowadays investors have wise investmentmanagement theory.