Research On Influencing Factors Of Food Corporate Social Responsibility Information Disclosure

Along with the rapid development of global economy and the improvement of human civilization,the management goal is no longer merely the pursuit of economic efficiency.At the same time,taking social and environmental factors into account,such as product safety and environmental pollution.The concept of sustainable development has become the idea of development in the current era.Social responsibility information disclosure of food industry has become an important way by which the public understand its product safety.However,because of frequent food safety incidents,investors,government,the public and other stakeholders,whose desire of requesting food industry to disclose social responsibility information gets stronger.In such a condition,exploring the factors of social responsibility information disclosure of listed companies in the food industry has the important theoretical and realistic significance,which can improve the information disclosure condition,promote the healthy development of the enterprise and construct the harmonious society.This thesis firstly reviews the relevant research of domestic and international corporate social responsibility information disclosure,and mainly includes four aspects: the concept,content,form and influencing factors of social responsibility.And it analyses the characteristics of the related research and shortcomings in this field of research in our country,and puts forward the breakthrough in this thesis.Then it analyses the characteristics of the food industry,and defines the main content and the measurement methods of food corporate social responsibility information disclosure.After that it analyses the current situation of our food corporate social responsibility information disclosure and points out its existing problems.Then it analyses the affecting factors of food corporate social responsibility information disclosure theoretically from the external and internal factors.On this basis,an empirical study of the factors of corporate social responsibility information disclosure has been held.This thesis selects 88 listed food companies from 2012 to 2014 as sample,corporate social responsibility information disclosure index as the explained variable,8 factors(firm size,the profitability,financial risk,corporate growth ability,the nature of stock rights,ownership concentration,the board of supervisors,proportion of independent directors)as explanatory factors,make descriptive statistical analysis,robustness analysis,correlation analysis and regression analysis with the statistical software SPSS19.0 and finally get meaningful result.The empirical result shows that,in the affecting factors of food corporate social responsibility information disclosure,firm size,financial risk,the nature of stock rights and the board of supervisors are significantly correlated with the level of corporate social responsibility information disclosure.The profitability,corporate growth ability,ownership concentration and proportion of independent directors are correlated with the level of corporate social responsibility information disclosure but not significantly.In the end,based on the theoretical analysis and the result of the empirical study,there are some corresponding suggestions from the current situation of our food industry and the affecting factors aspects to perfect China's food corporate social responsibility information disclosure system.Through which one can propel the listed companies in food sector to fulfill their social responsibility and improve the information disclosing circumstances.It has provided a theoretic reference for the providers,users and superintendents of social responsibility information.