An Analysis on Corporate Social Responsibility Disclosures of Listed Companies in China

Corporate social responsibility (CSR) attracts increasingly more attention from both business managers and scholars. By taking 70 companies in the metal and nonmetal industries listed in Shanghai Stock Exchange as the research objects, CSR disclosure is studied in this paper. The author finds that only 29 companies have issued independent CSR reports in 2010. Companies put particular emphasis on environmental matters, labor practices and community relations. In addition, the disclosure contents are generally positive. Consistent with prior researches, the author stresses that companies with different CSR disclosures are significantly different in size. Unlike prior researches, no evidence has been found on the profitability effects of CSR disclosure. The paper concludes that though some Chinese companies do voluntarily choose to disclose activities related to CSR, the disclosure is not adequate.