Research On The Issue Of Corporate Social Responsibility Information Disclosureof Listed Construction Companies In China

The concept of corporate social responsibility(CSR) was first brought up in America. Developed countries like America, England and France are rich in practice and theoretical researches of CSR, and thus more mature in comprehending the said concept. In comparison, China is relatively unfamiliar with CSR. With the growing influence of modern corporations on social, political, economic and other spheres in recent years, corporations shall fulfill their social responsibility along with their own development. It is imperative for corporations aspiring to growth and development to undertake social responsibility. The construction industry, as a pillar industry in China’s national economy, acts as an economic engine and also has a priority in sustainable development. For the past few years, many problems have arisen in this industry, like withholding wages of migrant workers, occurrences of construction safety incidents, inferior construction quality and generation of construction waste. These issues have raised concerns over the social responsibility of the construction industry. As a special document which focuses on disclosing CSR, the corporate social responsibility report also attracts much attention. For the time being, there are many differences as for the content of CSR information that is to be disclosed in different countries, for the lack of an official framework or standard for the disclosure of CSR information. In addition, researches of China and other countries have yet determined the discrimination of the content of CSR information to be disclosed when taking specific industries into consideration. Therefore, the research about the disclosure of CSR information of listed construction companies holds great significance for the development of these companies.Taking CSR reports of construction companies listed in the A stock markets of Shanghai and Shenzhen as research object, this essay employs methods including statistical description, index analysis and case study to analyze the development and status quo of the disclosure of CSR information of the construction industry from the horizontal and vertical dimensions, in order to identify problems and put up advice. This essay falls into seven parts. The first three chapters are introduction, definition and relevant concepts and theoretical basis. They are mainly dedicated to the classification and summary of literature concerning CSR information disclosure and definition of concepts like construction industry and the social responsibility of construction industry. In Chapter 4, recent 5 years of CSR reports of construction companies listed in the A stock markets of Shanghai and Shenzhen are used as research object to analyze the disclosure of CSR of construction companies in China in a vertical way, through aspects such as amount, compiling basis, structure and reliability of the reports, etc. In Chapter 5, index analysis is used to describe the disclosure of CSR reports of construction companies in China in 2013 in a horizontal way. In Chapter 6, China Construction is used as research object. The published CSR reports of China Construction are selected and analyzed in three aspects, i.e. structure, content and reliability of these reports, to get hold of the disclosure situation of the disclosure of CSR. In Chapter 7, the conclusion and suggestion are provided on the basis of above research result. The features and deficiencies of disclosure of CSR information of listed construction companies are analyzed, and at the same time, suggestions are given accordingly.On the basis of above analysis, I hold that disclosure of CSR information of listed construction companies in China has a late start and rapid advancement, and it has features of gradually fulfilled content, more credible reliability and greater disclosure initiative. Meanwhile, there are still many problems, like poor comparability of CSR information, inadequate disclosure of negative information and lack of reliability, to name a few. In terms of these said problems, it is my view that the government shall quicken its pace in building and perfecting a disclosing mechanism of CSR information and strengthen its guidance for the disclosure of CSR information of the construction industry. Also, the construction companies shall be more aware of their social responsibility, become more active to disclose their CSR information, improve the content to be disclosed and at the same time take the initiative in enhancing the reliability of their CSR reports.