Study On Market Value To Social Responsibility Accounting Information Of The Listed Manufacturing Enterprise

Since the reform and opening up, China has achieved remarkable economic development achievements. But while economic development is also brought a series of social problems. In recent years, the corporate social responsibility event of pollution,the interests of workers and consumers have no protection continue to emerge. Not only caused serious economic losses, but also caused the public to lose confidence in the enterprise.Find the reason, the sense of social responsibility of Chinese enterprises is not mature, lack of a good social responsibility evaluation system, disclosure of corporate social responsibility report information is too simple and less, form and content is not uniform.In order to make the quality of Chinese corporate social responsibility information disclosure get better. This paper select social responsibility accounting information of 2012 annual financial statements of Chinese listed manufacturing enterprise,and use corporate social responsibility report as research background. The theory of corporate social responsibility as a research foundation, empirical Study of correlation between social responsibility information and market value. This paper includes the following five parts.The first part describes the background and significance of the topic of the thesis topic, review the studies on this issue under review, the proposed research methods and the main structure of the paper used in this article.The second part is mainly theoretical research norms, first starting with the specific content related to the concept and meaning, from the origin and development of the theory and separately described its impact on corporate social responsibility accounting information.The third and fourth part is the focus of this article. First, theoretical analysis the correlation of market value to social responsibility accounting information of the listed manufacturing enterprise. Then carry out empirical research based on theoretical basis. Define appropriate indicators of social responsibility information disclosure of listed companies. From four dimensions (government, employees, investors, environmental and social subsidy) to use descriptive analysis and multiple regression analysis to study on correlation of market value to social responsibility accounting information of the listed manufacturing enterprise.The fifth part is the depth for the fourth part, the increased use of a combination of theory and practical thinking individuals, the results of empirical research to analyze and draw conclusions.The result shows that government contribution rates, employee contribution rates and investors’ contribution rates has more significant role to enhance the market value, but the correlation between social contribution rates and the market value is not significant. Based on these, the accounting information of corporate donations, sponsorships and environmental expenses do not fully reflected through the capital market to influence the market value of the enterprise. I hope the results of this study can provide an effective policy recommendations for investors, decision-makers, and stakeholders. To guide enterprises to fulfill their social responsibilities better, Meanwhile to providing a useful reference for the study of social responsibility accounting.