Research On The Relationship Among Property Right,Corporate Social Performance And The Disclosure Of Corporate Social Responsibility

In recent years,with the increasing public awareness of corporate social responsibility(CSR),related information disclosure has become an important means to urge enterprises to fulfill their social responsibilities and strengthen external supervision.Exploring the factors and systems which could drive the disclosure of social responsibility information more effectively has become a big problem needing theoretical and empirical answers.Corporate social performance is a quantitative performance of corporate social responsibility,the feedback of corporate social responsibility,reflecting the extent to which corporate social behavior satisfies the stakeholders.This study integrates several theories to construct the research mechanism of the relationship between the two theories,such as signal transmission theory,stakeholder theory and legitimacy theory.Through empirical research,we find a reasonable explanation and explore an effective drive and governance mechanism.At the same time,it explores the regulatory role of property rights on the relationship between the two.On the basis of this,from the theory of resource dependence of political connection,we deeply explore the influencing factors of the difference between the two,and provide the theoretical basis for the government departments to formulate relevant policies and improve their own internal level.The results show that there is a positive correlation between social performance and social responsibility information disclosure level,that is,enterprises with high social performance will have more willingness to disclose social information and enjoy a higher level,and the nature of property rights will surely regulate the relationship between the two.Specifically,private enterprises can positively regulate the positive correlation between the two,promoting the social performance of enterprises to further enhance their level of information disclosure.On this basis,the article also explores the motivation that produce this difference.Through theoretical analysis and empirical test,both of them prove that the result is related to political association.The innovations of this paper are as follows:Firstly,the perspective of CSR disclosure is expanded,and the research content is deepened.This paper provides different ways to explain information disclosure,which enriches the understanding of the evolution of CSR disclosure and provides more information about the social information disclosure evidence.Secondly,most of the similar research only put emphasis on a single dimension to start research,or focus on financial performance on CSR disclosure without non-financial performance.Thirdly,this study is based on the Chinese situation and explores the regulatory role of property rights in the relationship between social performance and social responsibility information disclosure.Different types of enterprise ownership lead to different stakeholder management,and the influence on it has opened up a wider perspective.Fourthly,the existing research on the economic consequences of political relations is less related to its relationship with CSR information disclosure,this paper expands the view on governance related issues.