Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example

Jingyuan Fu; Zhida Guo; Jingzhu Hong

doi:doi:10.11648/j.acis.20190702.11

| Peer-Reviewed

Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example

Jingyuan Fu, Zhida Guo, Jingzhu Hong

Published in Automation, Control and Intelligent Systems (Volume 7, Issue 2)

Received: 22 February 2019 Accepted: 25 April 2019 Published: 15 June 2019

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

With the economic globalization and the rapid development of enterprises, issues related to petroleum leakage, food safety and environmental pollution have become more and more severe, directly affecting human living environment, social harmony and the development of enterprises. At the same time, many listed companies begin to focus on releasing reports with respect to social responsibility, sustainable progress and environmental protection. Using the social responsibility report of Petro China Co. Ltd. as a case, this paper analyzes the current situation of social responsibility information disclosure of China's petroleum enterprises and existing problems in order to provide suggestions for improving the social responsibility information disclosure quality of petroleum enterprises.

Published in	Automation, Control and Intelligent Systems (Volume 7, Issue 2)
DOI	10.11648/j.acis.20190702.11
Page(s)	54-64
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Social Responsibility Information Disclosure, Corporate Social Responsibility, Accounting Information Disclosure, Access to Information

References

[1]	Christie, N., Dyck, B., Morrill, J., & Stewart, R., “CSR and Accounting: Drawing on eber and Aristotle to Rethink Generally Accepted Accounting Principles”, Business and Society Review, vol. 118, no. 3, pp. 383-411, 2013.
[2]	Asmeri, R., Alvionita, T., & Gunardi, A., “CSR Disclosures in the Mining Industry: Empirical Evidence from Listed Mining Firms in Indonesia”, Indonesian Journal of Sustainability Accounting and Management, vol. 1, no. 1, pp. 16-22, 2017.
[3]	Palmer, H. J., “Corporate social responsibility and financial performance: Does it pay to be good?”, CMC Senior Theses, pp. 529-589, 2012.
[4]	Mujahid, M., Abdullah, A., “Impact of corporate social responsibility on firms financial performance and shareholders wealth”, European Journal of Business and Management, vol. 6, no. 31, pp. 181-187, 2014.
[5]	Gardberg, N. A., & Fombrun, C. J., “Corporate citizenship: Creating intangible assets across institutional environments”, Academy of Management Review, vol. 31, no. 2, pp. 329-346, 2006.
[6]	Graafland, J., “Does Corporate Social Responsibility Put Reputation at Risk by Inviting Activist Targeting? An Empirical Test among European SMEs”, Corporate Social Responsibility and Environmental Management, vol. 25, no. 1, pp. 1-13, 2018.
[7]	Handayani, I., Sulistiyono, A., Leonard, T., Gunardi, A., & Najicha, F. “Environmental Management Strategy in Mining Activities in Forest Area accordance with the Based Justice in Indonesia”, Journal of Legal, Ethical and Regulatory Issues, vol. 21, no. 2, pp. 1-8, 2018.
[8]	Walker, M., & Mercado, H., “The Resource-worthiness of environmental responsibility: A resource-based perspective”, Corporate social responsibility and environmental management, vol. 22, no. 4, pp. 208-221, 2015.
[9]	Clark, J. M., “The Changing Basis of Economic Responsibility”, Journal of Political Economy, vol. 24, no. 3, pp. 209-229, 1916.
[10]	Bowen, H. R., Social responsibilities of the businessman, NY: Harper & Row, USA, 1953.
[11]	Friedman, M. (1962). Capitalism and freedom. Chicago, IL: University of Chicago Press.
[12]	Carroll, A. B., “A three-dimensional conceptual model of corporate performance”, Academy of Management Review, vol. 4, no. 4, pp. 497–505, 1979.
[13]	Koehn, D., & Ueng, J., “Is philanthropy being used by corporate wrongdoers to buy good will?”, Journal of Management and Governance, vol. 14, no. 1, pp. 1-16, 2010.
[14]	Zeghal, D., & Ahmed, S. A., “Comparison of social responsibility information disclosure media used by Canadian firms”, Accounting Auditing & Accountability Journal, vol. 3, no. 1, pp. 38-53, 1990.
[15]	Gao, X. “From societization of workers' rights defending to the construction of corporate social responsibility: The experience of Yiwu City's general trade union”, Social Issues in China: Gender, Ethnicity, Labor, and the Environment, vol. 1, no. 1, pp. 227-237, 2014.
[16]	Dai, J., Lu, C., Yang, Y., & Zheng, Y., “Is the Social Responsibility Information Disclosed by the Companies really Valuable?—Evidence from Chinese Stock Price Synchronicity”, Sustainability, vol. 10, no. 10, pp. 1-22, 2018.
[17]	Liu, X., & Zhang, C. J., “Corporate governance, social responsibility information disclosure, and enterprise value in China”, Journal of Cleaner Production, vol. 118, no. 3, pp. 1075-1084, 2017.
[18]	Chen, Y. C., Hung, M., & Wang, Y., “The effect of mandatory CSR disclosure on firm profitability and social externalities: Evidence from China”, Journal of Accounting & Economics, vol. 65, no. 1, pp. 169-190, 2018.
[19]	Heikkurinen, P. J., “Image differentiation with corporate environmental responsibility”, Corporate Social Responsibility and Environmental Management, vol. 17, no. 3, pp. 142-152, 2010.
[20]	Kitzmueller, M., & Shimshack, J. J., “Economic perspectives on corporate social responsibility”, Journal of economic literature, vol. 50, no. 1, pp. 51-84, 2012.
[21]	Cormier, D., & Magnan, M., “The impact of social responsibility disclosure and governance on financial analysts’ information environment”, Corporate Governance, vol. 14, no. 4, pp. 467-484, 2014.
[22]	Collins C. N. “Rethinking the accounting stance on sustainable development”, Sustainable Development, vol. 20, no. 1, pp. 28-41, 2012.
[23]	Kim, Y. S., & Choi, Y., “College Students' Perception of Philip Morris's Tobacco-Related Smoking Prevention and Tobacco-Unrelated Social Responsibility”, Journal of Public Relations Research, vol. 24, no. 2, pp. 184-199, 2012.
[24]	Farooq A. A., & Firdouse R. K., “Framework Development of the Social Responsibility Accounting towards Economic Units’ Evaluation”, International Journal of Economics and Finance, vol. 7, no. 2, pp. 253-260, 2015.
[25]	Gallego-Álvarez, I., & Quina-Custodio, I. A., “Disclosure of corporate social responsibility information and explanatory factors”, Online Information Review, vol. 40, no. 2, pp. 218-238, 2016.
[26]	Alani, F., “Framework development of the social responsibility accounting towards economic units’ evaluation”, International journal of economics and finance, vol. 7, no. 2, pp. 253-260, 2015.
[27]	Loh, C. M., Deegan, C., & Inglis, R., “The changing trends of corporate social and environmental disclosure within the Australian gambling industry”, Accounting & Finance, vol. 55, no. 3, pp. 783-823, 2015.
[28]	Annual social responsibility statement of China petrochemical corporation. China Petrochemical Corporation Network. http://www.sinopecgroup.com/group/, 2018-06-24.
[29]	Melo, T., Garrido-Morgado, A., “Corporate reputation: A combination of social responsibility and industry”, Corporate Social Responsibility and Environmental Management, vol. 19, no. 1, pp. 11-31, 2012.
[30]	Lin, H., Zeng, S., Wang, L., Zou, H., Ma, “How does environmental irresponsibility impair corporate reputation? A multi-method investigation”, Corporate Social Responsibility and Environmental Management, vol. 23, no. 6, pp. 413-423, 2016.
[31]	Babiak, K., & Trendafilova, S., “CSR and environmental responsibility: motives and pressures to adopt green management practices”, Corporate social responsibility and environmental management, vol. 18, no. 1, pp. 11-24, 2011.
[32]	Annual social responsibility statement of CNPC. CNPC Network. Vol. 1(1) http://www.cnpc.com.cn/cnpc/index.shtml, 2018-08-25.
[33]	Roberts, R. W. (1992). “Determinants of corporate social responsibility disclosure: An application of stakeholder theory”, Accounting, Organizations and Society, vol. 17, no. 6, pp. 595-612.
[34]	Ngwakwe, C. C., “Rethinking the accounting stance on sustainable development”, Sustainable Development, vol. 20, no. 1, pp. 28-41, 2012.

Cite This Article

Plain Text BibTeX RIS

APA Style

Jingyuan Fu, Zhida Guo, Jingzhu Hong. (2019). Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example. Automation, Control and Intelligent Systems, 7(2), 54-64. https://doi.org/10.11648/j.acis.20190702.11

Copy | Download

ACS Style

Jingyuan Fu; Zhida Guo; Jingzhu Hong. Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example. Autom. Control Intell. Syst. 2019, 7(2), 54-64. doi: 10.11648/j.acis.20190702.11

Copy | Download

AMA Style

Jingyuan Fu, Zhida Guo, Jingzhu Hong. Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example. Autom Control Intell Syst. 2019;7(2):54-64. doi: 10.11648/j.acis.20190702.11

Copy | Download

@article{10.11648/j.acis.20190702.11,
  author = {Jingyuan Fu and Zhida Guo and Jingzhu Hong},
  title = {Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example},
  journal = {Automation, Control and Intelligent Systems},
  volume = {7},
  number = {2},
  pages = {54-64},
  doi = {10.11648/j.acis.20190702.11},
  url = {https://doi.org/10.11648/j.acis.20190702.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.acis.20190702.11},
  abstract = {With the economic globalization and the rapid development of enterprises, issues related to petroleum leakage, food safety and environmental pollution have become more and more severe, directly affecting human living environment, social harmony and the development of enterprises. At the same time, many listed companies begin to focus on releasing reports with respect to social responsibility, sustainable progress and environmental protection. Using the social responsibility report of Petro China Co. Ltd. as a case, this paper analyzes the current situation of social responsibility information disclosure of China's petroleum enterprises and existing problems in order to provide suggestions for improving the social responsibility information disclosure quality of petroleum enterprises.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example
AU  - Jingyuan Fu
AU  - Zhida Guo
AU  - Jingzhu Hong
Y1  - 2019/06/15
PY  - 2019
N1  - https://doi.org/10.11648/j.acis.20190702.11
DO  - 10.11648/j.acis.20190702.11
T2  - Automation, Control and Intelligent Systems
JF  - Automation, Control and Intelligent Systems
JO  - Automation, Control and Intelligent Systems
SP  - 54
EP  - 64
PB  - Science Publishing Group
SN  - 2328-5591
UR  - https://doi.org/10.11648/j.acis.20190702.11
AB  - With the economic globalization and the rapid development of enterprises, issues related to petroleum leakage, food safety and environmental pollution have become more and more severe, directly affecting human living environment, social harmony and the development of enterprises. At the same time, many listed companies begin to focus on releasing reports with respect to social responsibility, sustainable progress and environmental protection. Using the social responsibility report of Petro China Co. Ltd. as a case, this paper analyzes the current situation of social responsibility information disclosure of China's petroleum enterprises and existing problems in order to provide suggestions for improving the social responsibility information disclosure quality of petroleum enterprises.
VL  - 7
IS  - 2
ER  -

Copy | Download

Author Information

Jingyuan Fu

Information Technology Studies, The University of Hong Kong, Hong Kong, China
Zhida Guo

School of Economics and Management, Dalian Jiaotong University, Dalian, China
Jingzhu Hong

School of Economics and Management, Shanghai Maritime University, Shanghai, China

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Jingyuan Fu, Zhida Guo, Jingzhu Hong. (2019). Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example. Automation, Control and Intelligent Systems, 7(2), 54-64. https://doi.org/10.11648/j.acis.20190702.11

Copy | Download

ACS Style

Jingyuan Fu; Zhida Guo; Jingzhu Hong. Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example. Autom. Control Intell. Syst. 2019, 7(2), 54-64. doi: 10.11648/j.acis.20190702.11

Copy | Download

AMA Style

Jingyuan Fu, Zhida Guo, Jingzhu Hong. Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example. Autom Control Intell Syst. 2019;7(2):54-64. doi: 10.11648/j.acis.20190702.11

Copy | Download

@article{10.11648/j.acis.20190702.11,
  author = {Jingyuan Fu and Zhida Guo and Jingzhu Hong},
  title = {Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example},
  journal = {Automation, Control and Intelligent Systems},
  volume = {7},
  number = {2},
  pages = {54-64},
  doi = {10.11648/j.acis.20190702.11},
  url = {https://doi.org/10.11648/j.acis.20190702.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.acis.20190702.11},
  abstract = {With the economic globalization and the rapid development of enterprises, issues related to petroleum leakage, food safety and environmental pollution have become more and more severe, directly affecting human living environment, social harmony and the development of enterprises. At the same time, many listed companies begin to focus on releasing reports with respect to social responsibility, sustainable progress and environmental protection. Using the social responsibility report of Petro China Co. Ltd. as a case, this paper analyzes the current situation of social responsibility information disclosure of China's petroleum enterprises and existing problems in order to provide suggestions for improving the social responsibility information disclosure quality of petroleum enterprises.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example
AU  - Jingyuan Fu
AU  - Zhida Guo
AU  - Jingzhu Hong
Y1  - 2019/06/15
PY  - 2019
N1  - https://doi.org/10.11648/j.acis.20190702.11
DO  - 10.11648/j.acis.20190702.11
T2  - Automation, Control and Intelligent Systems
JF  - Automation, Control and Intelligent Systems
JO  - Automation, Control and Intelligent Systems
SP  - 54
EP  - 64
PB  - Science Publishing Group
SN  - 2328-5591
UR  - https://doi.org/10.11648/j.acis.20190702.11
AB  - With the economic globalization and the rapid development of enterprises, issues related to petroleum leakage, food safety and environmental pollution have become more and more severe, directly affecting human living environment, social harmony and the development of enterprises. At the same time, many listed companies begin to focus on releasing reports with respect to social responsibility, sustainable progress and environmental protection. Using the social responsibility report of Petro China Co. Ltd. as a case, this paper analyzes the current situation of social responsibility information disclosure of China's petroleum enterprises and existing problems in order to provide suggestions for improving the social responsibility information disclosure quality of petroleum enterprises.
VL  - 7
IS  - 2
ER  -

Copy | Download