Board governance, ultimate controller and corporate social responsibility disclosures paper

摘要

Based on pooled data of exchanges listed companies in food industry from 2006 to 2012, an empirical study and relative theoretical analyses are conducted the impact of Board governance on corporate social responsibility disclosures, from the organizational structure, behavior, technical and political background and incentive of the Board. The empirical results show that: audit committee and nominations committee can encourage social responsibility disclosures. The diligence of the Board has a positive impact on social responsibility disclosures; as does the technical and political background of the number of the Board. Board compensation incentive can improve social responsibility disclosures. The impacts of Board governance on corporate social responsibility disclosures are both common and different in state-control enterprise and non-state-control enterprise. Lastly, corresponding measures are put forward.