The Corporate Social Responsibility and Information Transparency

The Corporate Social Responsibility (CSR) and information transparency is increasingly important for companies. CSR report enriches corporate information disclosure while reflecting the firm's sustainable development and corporate risk level. This study demonstrates that, with the higher quality corporate social responsibility reports, the better information transparency as possible, enables stakeholders to reduce investment risk and increase business confidence. The allocation of resources becomes more efficient and the marketization of the economy is strengthened. Therefore, companies need to actively take social responsibilities and to attach high importance to the quality of reports of disclosure, thereby strengthening corporate governance, improve enterprise values.