An Empirical Study on Impact Factors of Corporate Social Responsibility Disclosure for Listed Companies in China

Abstract

This study carries out a research on factors that function on performances of companies’ corporate social responsibility (CSR here in after) disclosure, which has both theoretical and practical significance on the part of the government, the public and companies themselves. Results show that the factors including firm size, ownership concentration, listing venue, audit quality, industry type and board size are in significant positive correlation with CSR disclosure performance; financial risk is in significant negative correlation with it; factors including financial performance, growth ability, growth potential and independent directors’ proportion make no big differences to CSR disclosure performance; and the overall performances of companies’ CSR disclosure in China remain on an inferior level.