社会责任信息披露、高管股权激励与银行信贷决策

发布时间：2018-03-24 01:29

本文选题：社会责任信息披露　切入点：高管股权激励　出处：《现代经济探讨》2017年10期

【摘要】：目前关于社会责任信息披露与银行信贷决策之间关系的研究还较少,且尚未有学者分析和检验社会责任信息披露与高管股权激励对银行信贷决策影响的交互效应,这不利于在实务上为企业的实践活动提供理论指引。以我国A股民营上市公司为样本,考察了社会责任信息披露、高管股权激励及银行信贷决策之间的关系。研究发现:(1)企业的社会责任信息披露正向影响其银行借款,且主要体现在长期借款增加,短期借款没有显著增加;(2)高管股权激励的实施正向影响银行借款,且主要体现在短期借款增加,长期借款没有显著增加;(3)社会责任信息披露与高管股权激励在对银行信贷决策的影响上主要呈现出互补效应;(4)社会责任信息披露对银行信贷决策的影响及其与高管股权激励之间的互补效应主要存在于财务透明度较高的企业中,在财务透明度较低的企业中并不显著。
[Abstract]:At present, there are few researches on the relationship between social responsibility information disclosure and bank credit decision, and no scholars have analyzed and tested the interaction effect of social responsibility information disclosure and executive equity incentive on bank credit decision. This is not conducive to providing theoretical guidance for the practical activities of enterprises in practice. Taking China's A-share private listed companies as a sample, this paper investigates the disclosure of social responsibility information. The relationship between executive equity incentives and bank credit decisions. The study found that the disclosure of corporate social responsibility information has a positive impact on bank borrowing, and is mainly reflected in an increase in long-term borrowing. There is no significant increase in short-term borrowing. (2) the implementation of executive equity incentives has a positive impact on bank borrowing, and is mainly reflected in an increase in short-term borrowing. Long-term borrowing has not significantly increased the impact of social responsibility information disclosure and executive equity incentive on bank credit decisions. 4) the impact of social responsibility information disclosure on bank credit decision-making and its high level. The complementary effects of equity incentives mainly exist in enterprises with high financial transparency. It is not significant in companies with low financial transparency.
【作者单位】：南京财经大学会计学院;
【基金】：国家自然科学基金青年项目“企业社会责任信息价值研究——基于呈报格式和信息使用者认知的视角”(编号:71402068) 江苏高校哲学社会科学基金“管理者背景特征对企业环境信息披露的影响研究”(编号:2016SJB630039) 江苏高校优势学科建设工程资助项目(工商管理学科)(PAPD) 江苏高校品牌专业建设工程资助项目(会计学)
【分类号】：F272.92;F270;F832.4

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