The enterprises must undertake the corporate social responsibility (CSR) to promote their competitive power in 21 century. Thus, it is getting more and more important to disclose CSR. This study applies Ohlson's (1995) valuation model as an analyzing tool and uses a sample of listed companies in electronic sector in Taiwan Stock Exchange Market to investigate the relationship between the disclosure CSR and the accounting information. Our findings indicate that: (1) the enterprises which disclosed CSR in the electronic industry in Taiwan have moderating effects on equity market value. (2) The enterprises which disclosed CSR in the electronic industry in Taiwan are also accompanied with the higher value-relevance of EPS. (3) There is a trade-off between earning and book value of equity, when the enterprises of the electronic industry in Taiwan disclose CSR.