Research On Information Disclosure Of China's Public Welfare Foundation

In recent years,China's public welfare foundations have played an increasingly important role in mobilizing social resources and making up for the lack of government public finances.Their rapid development has also received more and more attention.But at the same time,there have been many charity scandals,from "high-priced tents" to"high-priced meals" to "Guo Meimei incident." These incidents not only caused the foundation's credibility to be overdrafted,but also hurt the public's heart.The foundation's transparency and credibility issues have become the focus of social attention.Information disclosure of public welfare foundations is imminent,and donors combined with the public need effective supervision of the foundation.However,due to the existence of information asymmetry,the lack of uniform information disclosure standards makes the quality of information disclosure among public welfare organizations uneven.Therefore,the problem studied in this paper is:the problems of information disclosure in China's public welfare foundations.On the research issue of information disclosure of public welfare foundations,China started late.Therefore,we need to refer to foreign mature perspectives to provide reference for research in China.Judging from the current research status of the literature,the research on charitable foundations at home and abroad is mostly empirical research.It is related to the research on the factors affecting the development of the foundation.There are few case studies,and most of them focus on the research of financial statement information.Disclosure problems,most of the research is only on a certain aspect of information disclosure of public welfare foundations.The scope of information disclosure is limited.Few scholars analyze the information disclosure status of China's public welfare foundations from the perspective of the whole industry from the perspective of the whole industry.Therefore,the characteristic of this paper is to broaden the research field of information disclosure.From the perspective of big data in the industry,for the content of information disclosure,select the two cases of high transparency and low in the same industry for comparative analysis,find the problem,and learn from the selected.In the two cases,the advanced management concept of the highly transparent foundation draws on foreign experience and proposes solutions.This paper mainly uses theory combined with practice,case analysis and comparative research.Data collection and statistics were collected through the Foundation Center,and the information disclosure of the top 100 public welfare foundations in terms of financial information and audit information was analyzed.Based on the relevant theories(information asymmetry theory,principal-agent theory,stakeholder theory and signal transmission theory),the paper analyzes the quality of information disclosure in the selected two cases and finds its timeliness in information disclosure.Differences in integrity and accessibility,comparative analysis of the gaps and causes of transparency scores,combined with the high transparency of the Shanghai Adream Public Welfare Foundation in the two cases,refer to the information of developed countries such as Britain and the United States.The advanced measures in the disclosure,combined with the characteristics of China's national conditions,put forward practical measures.The significance of this paper is to enhance the transparency of public welfare foundations,increase the visibility and reputation of public welfare associations,attract more donations,prevent the loss of public welfare funds,promote the rational distribution of funds,and improve the credibility,thus promoting the progress and development of public welfare foundations.