Analysis In Relations With Board Characteristics, Property Characteristics And CSR Disclosure, Evidence From China Listed Corporations In Food Industry

Economic growth has brought benefits to the enterprise and also makes the society pay increased degree of attention to the business activities of enterprises, with the change of global environment and enterprise moral topic is becoming more sensitive, business stakeholders are also increasingly concerned about whether the enterprise in the economic society plays a proper role. The purpose of social responsibility report is to disclose the influence of enterprise business activities on the environment and society beyond financial information disclosure. In the consideration of social responsibility issues in China is vigorously promote from the government, the current institutional environment for enterprises to fulfill their social responsibility and information disclosure has been improved, so this paper starting from the company level, research features for the social responsibility and the characteristics of information disclosure effect.This paper will examine the listed corporations among food industry, based on the stakeholder theory, three line theory, and combined with the international authority for the definition of social responsibility of various projects and the actual situation in our country, construct social responsibility content framework. Regard the disclosed social responsibility report (or sustainability report) and revealed in the annual financial report of the social responsibility information as research content. According to the content analysis method, coding to the information belongs to the field of responsibility, specific content types and information category judgment of social responsibility information disclosure score, study the influencing factors of social responsibility information disclosure score from the board characteristics and ownership of angle.Through the analysis on coding result of social responsibility information scores, it can be find that the food industry listed company emphasis on social responsibility issues growing, reflected in the scope and extent of information disclosure are increasing year by year. But independent from annual financial report disclosure of social responsibility report are still in the minority. The way of fulfilling the social responsibility among the food industry corporations mainly focuses on the two aspects:the promotion of product quality and customer satisfaction, responsibility of employee. The empirical results show that the size of the board of directors, the number of independent directors, the nature of property rights, the degree of separation of the two rights and institutional ownership have significant impact on corporate social responsibility. Although the chairman concurrently general manager of the explanatory power is not significant, but its coefficient can better explain the two level of social responsibility information to improve the effectiveness of the score.