A Study on the Quality of Corporate Social Responsibility Information Disclosure of Listed Companies-Based on 2008-2009 Annual Reports of Companies Listed in Shanghai Stock Exchange

Based on 2008-2009 annual reports of 844 A-share companies listed on Shanghai Stock Exchange,this paper analyzes the disclosure of corporate social responsibility information in the annual reports with content analysis approach.The results show that corporate social responsibility information disclosure level is still very low.Government-controlled companies(environment sensitive companies) disclose more corporate social responsibility information than non-government controlled companies(environment insensitive companies).For the three kinds of compulsory companies,there is a sharp decrease in information disclosure in 2009.However,there is an apparent increase for the voluntary CSR report disclosure.