The Impact of Enterprise Information Transparency on CSR: Evidence from Listed Companies in China

This article analyzes the impact of enterprise information transparency (TRANS) on CSR, while examines intrinsic mechanism, nonlinear relationship as well as the heterogeneous effect, taking the data of Chinese 711 listed enterprises from 2010 to 2020. This article finds: The improvement of TRANS is conducive to the fulfillment of CSR, noticeably there is a nonlinear relationship of inverted "U-shaped". Corporate reputation, internal control and external concerns play a part in mediating the influence of TRANS on CSR. The impact of TRANS varies significantly according to the responsibility orientation of different stakeholders. Multiple heterogeneity analysis reveals there is a more promotional effect in large-scale, non-state-owned and high marketization intensity enterprises. motional effect in large-scale, non-state-owned and high marketization intensity enterprises.