外文文献原文+译文 原文DISCLOSURE OF CORPORATE SOCIAL RESPONSIBILITY INFORMATION AND EXPLANATORY FACTORSGallego Alvarez, Quina Custodio.AbstractIn recent years, with the economic development and the growing of enterprise scale, it appeared some social problems caused by the enterprise behavior, some enterprises in the pursuit of economic interests at the same time, rarely assume corresponding social responsibility, and this led to a different benefit main body dissatisfaction and condemnation. Also constantly improve the social responsibility consciousness, therefore, the enterprise all kinds of social responsibility behavior will be more and more attention, and influence consumer choice of products, investors, investment in the stock trend, the employee's employment direction, legislation, rewards and punishment and the regulation of relevant departments, etc.Key words: Social responsibility; Information disclosure; Enterprise management Theoretical framework and hypothesesGlobal interest in voluntary corporate disclosure has grown immensely over the last few years, including CSR in its economic, environmental and social facets. Mark Herbert and Von Schantz (2007) consider that companies are becoming increasingly aware of their responsibilities in this regard, and more motivated to integrate these aspects into the business as a whole. Furthermore, different research studies have attempted to reflect how firms communicate this type of voluntary information to their stakeholders. Ho and Taylor (2007) researched what they called the triple bottom line (TBL) of 50 companies, in the US and Japan; continuing in the US context, Holder Webb et al. (2009) studied 50 American listed companies, using a content analysis technique; Reverte (2009) studied Spanish firms, with a focus on analyzing whether certain business characteristics, as well as media exposure, can be determinants of CSR disclosure practices by Spanish listed companies; Tamoi et al. (2007) attempted to find the level and trend of the CSR reporting pattern in industrial firms in Malaysia, and their relation to firm characteristics; Tagesson et al. (2009) explained the extent and content of social and environmental disclosure on corporate websites in Swedish listed corporations and Gamerschlag et al. (2011) have analyzed determinants of voluntary CSR disclosure in German companies.In short, it may be said that disclosure of CSR information has increased considerably in recent years on a global scale, as a consequence of the greater interest stakeholders have in receiving voluntarily disclosed information that complements the disclosure of compulsory economic financial information (El Ghoul et al., 2011). This increase is expected to intensify in the coming years, because the European Union considers CSR a strategy for 2020, given that the set of values it entails is expected to help build a more cohesive society and lead to a more sustainable economy (European Commission, 2011).Regarding the theories for explaining CSR disclosure, many different theoretical attempts have been made to explain why companies voluntary disclose CSR information; in this sense the main promoters of CSR information disclosure have found support in different theories that attempt to explain why firms are motivated or should be motivated to disclose this type of information.Agency theory suggests that different corporate characteristics such as firm size, in terms of assets with respect to total investment and debt level, correlate positively with a high level of voluntary disclosure・ It is a theory that can explain why we use these variables to explain CSR information disclosure, suggesting that a firm will only disclose this type of information when it appears that the benefits of disclosure outweigh its costs.Literature reviewThe concept of "corporate social responsibility11 is the earliest by Oliver Sheldon in management philosophy, he will corporate social responsibility and the responsibility of the enterprise managers meet the needs of the industry inside and outside all sorts of people. And that corporate social responsibility includes moral factors, and the social interests as a measure, far higher than the interests of the enterprise. After the theories have been proposed, is widely applied to economics, management science and other fields. Bowen Howard R referred to as the "father” of corporate social responsibility, he has published a book merchant^ social responsibility. In the book, said: "social responsibility11 principle is a kind of thought, refers to the businessman voluntary act of social responsibility is to improve the economic problems and achieve better economic goals we pursue a feasible method. Overall, "the merchant's social responsibility11 refers to "businessmen have a duty to have on the expected goals and values of the society to engage in production and business operation, determine policy, decision making, and the obligation to take act。