Impact factors of corporate social responsibility (CSR) information disclosure based on previous empirical studies

With the rapid development of economy, corporate social responsibility (CSR) is becoming the research focus of governments and scholars. Although there is no unified opinion on the definition of CSR in China, it is undeniable that most scholars believe that the corporate has the basic financial responsibility to shareholders, and it should bear the responsibility to the ecological environment, community, charity donation, government, employees, and consumer groups. Based on conclusions of empirical studies at home and abroad, the paper discussed factors which have impact on the disclosure of CSR. The paper found that firm size, industry attributes, corporate performance, ownership type, and the life cycle of corporate are the internal impact factors of the CSR information disclosure. Market competition level and legal environment are external impact factors of CSR information disclosure. At last, the paper analyzed the current situation of CSR information disclosure in China and found that compared with western countries, there still existed the following problems in China's CSR information disclosure system: (1) the awareness of social responsibility was weak. (2) The legal system of CSR information disclosure was imperfect. (3) Social responsibility information disclosed was mainly qualitative information, lacking of quantitative indicators.