The Impact of Sustainable Development Information Disclosure on Corporate Social Responsibility: Evidence and Mechanisms

This research delves into the promotive effects of sustainable development information disclosure (SDID) by listed companies on corporate social responsibility (CSR) and its underlying mechanisms through systematic theoretical analysis and rigorous empirical research. The findings reveal that an increase in the transparency of SDID significantly enhances the performance of CSR, thereby validating the effectiveness of information asymmetry and transaction cost theories. As intermediary mechanisms, the effectiveness of internal controls and corporate R&D efforts broaden the avenues for CSR fulfillment by enhancing compliance and driving innovation. Heterogeneity tests further indicate that firms' operating conditions and auditor types exert differential influences on the relationship between SDID and CSR. This study enriches the research in the field of information disclosure and CSR, providing valuable insights for corporate practices and policy formulation. It underscores the crucial role of information disclosure in promoting sustainable development and CSR among enterprises.