Research On The Influencing Factors Of Food Companies Social Responsibility Information Disclosure Quality In China

With the development of global economy and the progress of human civilization,sustainable development has become the development concept of today's era.As an indispensable cell of economic society,enterprises' production and operation can not only pursue economic interests;but also bear the responsibility to stakeholders.Food is closely related to people and affects people's health.However,the frequent occurrence of food safety events over the years makes us realize the urgency of attaching importance to the social responsibility of the food industry,and the requirements for the disclosure of social responsibility information are also increasing.This paper summarizes and analyzes the research results of domestic and foreign scholars on social responsibility and information disclosure,and puts forward research hypotheses based on signal transmission theory,stakeholder theory and other theories,selects the quality index of social responsibility information disclosure as the explanatory variable,and its design combines the social responsibility index method and AHP.Five variables are selected as explanatory variables,including business ability,equity nature,financial risk,the concurrent position of chairman and general manager,and whether to issue social responsibility report independently.Then,taking the data of 100 listed companies in the food industry from 2016 to 2018 as samples,the factors influencing the quality of social responsibility information disclosure were studied by using multiple regression analysis.The results show that:(1)business ability,independent disclosure of social responsibility reports and enterprise scale are positively related to the quality of social responsibility information disclosure of listed food companies.(2)The combination of financial risk,chairman and general manager is negatively related to the quality of social responsibility information disclosure of listed food companies.(3)The impact of ownership nature and listing location on the quality of social responsibility information disclosure of listed food companies is not obvious,which needs further study.Based on the conclusion of the above empirical study,in order to improve the quality of social responsibility information disclosure of Listed Companies in the food industry,this paper puts forward countermeasures and suggestions from three aspects:improving corporate governance,improving the system of social responsibility information disclosure,and strengthening the supervision of social responsibility.