The Impact Of Corporate Governance On Corporate Social Responsibility Disclosure Quality

With the development of economy, many enterprises only put the goal of production and management efficiency, to achieve maximum economic profits, are reluctant to assume the resulting social responsibility, damage the legitimate rights and interests of other interest groups, go against moral constraints, ignore the importance of environmental protection. With a number of worrying problems, people also gradually realize the importance of corporate social responsibilitydisclosure(CSRD). And only when companies disclose the relevant information will be known to stakeholders, and only to disclose information enough accurate, detailed, stakeholders can be reference, obviously improve the quality of CSRD is very important. The quality of the corporate CSRD has a lot ofinfluencing factors, corporate governance is an important factor. How the corporate governance to a greater degree of improve the quality of CSRD, become the direction of the scholars study. Most of scholars at home and abroad generally according to the regulations of the internal mechanism for corporate governance, this article from the perspective of internal and external corporate governance, studies its influence on CSRD quality, hope to improve the quality of CSRD provide some idea and reference.This paper researchthe results of existing CSRD at home and abroad, and introduces the connotation of the corporate governance and CSRD, the content of information disclosure, measure and evaluation method, and the three theories of both: stakeholder theory, principal-agent theory, theory of compliance. On this basis, from two aspects of corporate governance both internally and externally to the influence of CSRD has carried on the qualitative analysis, put forward relevant assumptions. Based on the 2010-2014 in Shanghai, deep in the two cities the release social responsibility report and embellish spirit universal grading of a-share listed companies as the basic research sample, according to corporate governance on CSRD quality factors affecting the choice of each variable, follow the principle of empirical research, from the aspects of internal and external, the whole three build three regression model. Through the empirical analysis finally concluded that improve the quality of CSRD in our country, perfect the internal and external governance be short of one cannot. Which increase expand the scale of the board of directors and supervisors meeting times, improve the management salary incentive, and listed companies registered the more advanced the economy, hiring outside audit firms, the higher the CSRD quality; And the actual control of state-owned property and the external market more developed the company creditor, is not conducive to the improvement of CSRD quality. In this paper, through the empirical study conclusion, and then from two aspects of the company’s internal and external proposes Suggestions and countermeasures to perfect the corporate governance, so as to improve the quality of CSRD in our country provides the practical support.