Corporate Social Responsibility Information Disclosure, Earnings Management And Corporate Value

Along with the arrival of building well-off society in an all-round way victory at the beginning of the year,precise poverty,people’s "happiness",re employment of laid-off workers,"charity law" promulgated,become this period of time we are often in the Internet and media platform to see and sparked heated debate topic.And as the largest market main body of enterprise,in seek to "world factory" from the "made in China" to high-tech development and the independent brand "China to create a" transformation upgrade process,the social responsibility of the enterprise again sparked concern.At the same time,with the "comprehensive promotion of The Belt and Road",the domestic enterprises to "go out",based on the international,foreign institutions is the first to investigate the domestic corporate social responsibility.At present,according to the North Polytechnic College of Humanities and social science survey data show that more than 2700 listing Corporation in China,the annual independent social responsibility report released only about 700 copies.Under this background,this paper,by summarizing the literature,based on adds value creation and social responsibility information disclosure of significance for enterprises to make that,discusses the domestic companies to fulfill the social responsibility information disclosure,earnings management and increase the value of three relations,in order to promote corporate social responsibility actively fulfill and voluntary disclosure,enhance the image of society and value identity,promote the implementation of the "innovation,coordination,green,open,sharing concept of development.This paper first reviews the development process of corporate social responsibility research at home and abroad,as well as the relevant corporate social responsibility information disclosure documents.Secondly,through the analysis of the theoretical basis,the role of the relationship between the three mechanisms.Again,in Shanghai and Shenzhen A-share 1382 listed companies as the research object,whether to adopt the independent release of social responsibility report of the dummy variable to measure corporate social responsibility information disclosure;using modified cross-sectional Jones model to calculate the manipulation of accruals to measure an enterprise should gauge the extent of earnings management;enterprise computing the degree of earnings management by Roychowdhury deduced from the real earnings management model;to assure the effects can be compared,in the calculation of enterprises to increase the value will be drawn data divided by average total assets in order to eliminate scale.The analysis of corporate social responsibility information disclosure,earnings management and the relationship between the increase in value by multivariate regression analysis,the regression results and put forward relevant countermeasures.This study shows that corporate social responsibility information disclosure for enterprises to increase value has significant positive effect;accruals earnings management of project control for enterprises to increase the value of the existence of the significant positive impact,and real activities manipulation of earnings management is significant on the contrary;however,corporate social responsibility information disclosure of two types of earnings management has inhibitory effect;and in the present stage,corporate social responsibility information disclosure temporarily unable to inhibit the effect of earnings management of enterprises to increase the value.At the end of this paper,the present situation of the corporate social responsibility in our country and in the future how to better evaluate disclosure level to put forward the constructive suggestions and countermeasures,hope that by improving the conceptual cognition of enterprise and social public,accelerate the corporate social responsibility information disclosure of the establishment of the evaluation of the level of the standard,perfecting social governance system of mechanism,strengthen the establishment of enterprise communication mechanism and internal governance mechanism etc.ways to improve the status quo,to promote corporate social responsibility legislation and a well-off society in an all-round way journey.