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Keywords

corporate governance, social responsibility, information disclosure;pharmaceutical companies, fsQCA

Abstract

To explore the influencing factors of corporate social responsibility information disclosure in 66 pharmaceutical companies listed in A shares. From the perspective of corporate governance,based on agency theory,re- source dependence theory and signal theory, six pre-dependent variables were selected in the aspects of board leadership structure, proportion of independent directors, gender composition of board, supervision of board, ownership concentration and salary incentive, and the quality of corporate social responsibility information disclosure was taken as the result variable and analyzed by fsQCA. Three types of enterprises with high quality of corporate social responsibility information disclosure were found: equity incentive, external supervision and decision-making. At the same time, four types of enterprises with low quality of corporate social responsibility information disclosure are found:coordination imbalance, internal control failure, lack of supervision and high centralization. The leadership structure of the board of directors is the core factor affecting the disclosure of corporate social responsibility information.

DOI

10.16315/j.stm.2021.01.013

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