Research On The Influence Of Party Organization Governance On Corporate Social Responsibility Disclosure Of State-owned Listed Companies

In recent years,with the deepening of the reform of state-owned enterprises,the fulfillment of social responsibility has become an indispensable part of deepening the reform of state-owned enterprises,and the disclosure of their social responsibility information has also become a focus of discussion.Although the number of state-owned listed companies that release social responsibility reports in China is constantly increasing,the quality of disclosure is still low.Scholars have studied the influencing factors of CSR information disclosure from the perspectives of internal corporate governance and external supervision.As an important part of internal corporate governance,the party organization governance of state-owned enterprises in China enters into the company through the mechanism of “two-way entry and cross-tenure” and participates in the major decisions of the company,forming a corporate governance system arrangement with Chinese characteristics.As a key stakeholder affecting the survival and development of enterprises,the party organization has the right to participate in major decisions of the company,and it is also an important force in supervising enterprises to pursue the overall interests of stakeholders.It is worth exploring what role it plays in the disclosure of corporate social responsibility information and under what circumstances it plays its role.In this paper,on the basis of stakeholders,such as legitimacy theory,the social responsibility report from 2009 to 2017 state-owned listed companies of the relevant data analysis,trying to prove that the party organization of our country state-owned listed companies governance and social responsibility information disclosure level the relationship between them,and the two regulating variable degree of marketization of state-owned enterprises membership level and into the research scope,further explores the two regulating variable regulation plays a role in the relationship,the party organization of state-owned listed companies to improve the level of social responsibility information disclosure provide certain data and theoretical support.This paper makes descriptive statistics,correlation analysis,multiple regression analysis and robustness test on the collected data,and finally draws three conclusions:(1)the party organization governance of state-owned enterprises in China has a positive impact on the level of corporate social responsibility information disclosure;(2)higher subordinate level of state-owned enterprises will weaken the positive influence of party organization governance on corporate social responsibility information disclosure level;(3)a higher degree of marketization will enhance the positive correlation between the party organization governance and the level of corporate social responsibility information disclosure.In addition,this paper also puts forward some policy Suggestions on the regulations and supervision mechanism of social responsibility information disclosure of state-owned listed companies.Due to the limitation of research level and time,there are still many shortcomings in this paper.It is believed that these problems can be further improved in the future research.