The Effect Of Corporate Governance On Social Responsibility Disclosure

Recently corporate governance and corporate social responsibility (CSR) have separately established themselves as well-researched areas, relatively less attention has been paid in setting up a link between these two. Corporate governance, a mechanism of the company’s internal control and supervision, is to keep off the operating activities from the long-term planning and the final destination. The existing researches have predominantly found CSR choice and performance to be positively associated with internal and external corporate governance mechanisms. The economic environment has been greatly improved corporate governance to a certain extent has been well improved, but the corporate governance structure in China there are still many shortcomings, the scholars agreed that to improve corporate governance. Haniffa and Cooke (2005) selected Malaysian listed companies as a sample to analyze the impact of corporate governance on CSR disclosure, finding that there was a significant relationship between the efficiency of the board of directors and CSR disclosure. Chinese scholars have carried out research from multiple perspectives on CSR disclosure, but most researches are still in infancy, especially from the perspective of corporate governance. Whether there are relationships between the corporate governance and CSR and which factors will affect CSR disclosure still needs to be studied.The sample for this paper is drawn from transportation industry at the end of2012. Next, it use method of empirical research, build the index system of CSR disclosure and regression model to explore the impact of corporate governance on CSR disclosure. The results show that:firstly, stateowned holding enterprises has played a positive role to improve the level of CSR. Secondly, proportion of the first shareholder and the minority stake to rise will help to improve CSR disclosure.Thirdly, the board of directors and board of supervisors efficiency can better improve the quality of CSR disclosure.Forthly, the proportion of independent directors has a negative impact on CSR disclosure.Based on the status of social responsibility disclosure and empirical results, paper proposes methods to promote CSR information disclosure, hoping to improve the practice of corporate social responsibility.