Media Attention,Government Regulation And The Disclosure Of Corporate Social Responsibility Information

Since the 18 th National Congress of the Communist Part y of China puts forward to full implement the overall plan for ecol ogical progress,green environmental protection as a basic national policy to execute.People gradually understand the connotation of ec ological civilization country and pay moreconcentrationson environm ental-friendly lifestyle.Our government strictly implement green env ironmental protection policy and relevant government regulators mak e more efforts in supervising the performance of social responsibilit y of the enterprise.Shen Zhen stock exchange issued the listed co mpany social responsibility guidelines,which signales our governme nt enter into a new stage on the aspects of the supervision of the corporate social responsibility information disclosure.This can effect ively promote the development of corporate social responsibility inf ormation disclosure.In order to further explore the exact causes of the enterprise to fulfill social responsibility,this paper bases on non-financial perspective to study the external pressure on the impact of corporate social responsibility information disclosure.At the same time,from two aspects of the theory and empirical to study the influence factors of social responsibility information disclosure.Theoretical research covers the stakeholder theory,sustainable development theory and legitimacy theory.To analysis the influence of corporate social responsibility information disclosure objectively and deeply,this paper selectes 238 listed companies in Shanghai market,a total of 714 samples from 2011 to 2013 as the research project.Moreover this paper studies external supervision of media attention,government supervision and its influence on corporate social responsibility information disclosure.The study reveals the following conclusions.First,media attention and corporate social responsibility information disclosure is positive correlation.Second,government regulation positively related to the corporate social responsibility information disclosure.Third,the relationship of the media attention and the social responsibility information disclosure become more prominent,when the government regulation at a low degree.In the theoretical sense,few scholars pay attention to media attention,government regulation and corporate social responsibility at the same time,and make the empirical research in combination.This paper has enriched the theory on the relationship of the social responsibility information disclosure and external pressure.On the practical significance,first of all,this paper provides strong evidence for the media supervision,which can promote the corporate responsibility information disclosure better.Second,this paper proves the importance of government regulation for enterprises to fulfill social responsibility.This can provides the government corresponding policies with the theory support.