Research On Corporate Social Responsibility Information Disclosure Of Mining Listed Companies

Our country is currently in the stage of building a harmonious socialist society, in which economic develops rapidly and people’s living standards turn up radical change. With these great advancement,a variety of social problems rise correspondingly. A lot of bad news in many aspects related to people’s interests, such as food safety issues, environment protection issues and employee’s rights protection issues. People have not only focused on how to create a huge amount of economic fortune, but also paid more attention to the condition of enterprise’s social responsibility implementation. The implementation of enterprise’s social responsibility and its disclosure has become a problem that is impossible to avoid. In 2006, Shenzhen Stock Exchange and Shanghai Stock Exchange began to monitor and manage A-share listed companies; afterwards the number of disclosure and release of social responsibility reports has in a “blowout” growth.Mining enterprise plays an important role in the national economy; also it has a close relation to sustainable development, energy security, ecological environmental responsibility and employee’s safety of our country. Social responsibility report, as a performance window for enterprise fulfills social responsibility, is an important channel for stakeholders to understand the situation of enterprise’s social responsibility implementation. Based on the specific situation of the disclosure of Ashare listed mining companies’ social responsibility report in 2013 and 2014, this paper studies the influence degree of the social responsibility report on capital market and whether the quality of released social responsibility report is related to the market response.Based on the current situation of social responsibility released by inside- and outside-China, the current research situation of market response and relevant theoretical basis, this paper proposes two hypotheses towards China’s mining listed company social responsibility characteristics and disclosure situation. In the following step, it selected 100 mining listed company social responsibility reports accessed by Rankins CSR Ratings as samples, and makes descriptive statistical analysis, correlation analysis and regression analysis on relevant variants on those reports using SPSS, and uses empirical test the relation between the disclosure of social responsibility information and market response. Empirical results show that although the disclosure of social responsibility report attracts investors’ attention, the market response is weak in capital market; also it finds there is a positive correlation between market response and social responsibility report quality released by company. According to research result, this paper gives suggestions from the aspects of the government, investor, enterprise and the public, in order to draw the public’s attention to social responsibility disclosure, increase the quality of social responsibility disclosure and create a good disclosure environment.