不同产权性质下高管持股对社会责任信息披露影响的研究

发布时间：2018-01-03 17:06

本文关键词：不同产权性质下高管持股对社会责任信息披露影响的研究　出处：《河北经贸大学》2016年硕士论文　论文类型：学位论文

【摘要】：随着改革开放进程的不断推进,我国的经济发展赢得了骄人的成绩。企业是构成社会的重要组成部分,在推动经济的快速发展上付出了很大的努力。企业追求自身利益最大化的经营目标不仅给企业自己带来了增值也推动了经济快速发展,但是由此造成的负面影响如环境污染、产品质量低下等社会责任问题也频频发生。经济增长的背后折射出的问题是企业缺失社会责任,利益相关者应有权益的丧失。践行社会责任是企业的义务,而向社会公众披露相关信息成为社会关注的焦点。目前学术界都集中在治理环境、董事会特征和公司绩效等方面研究与企业社会责任的关系,并取得了一定的研究成果。而从研究股权结构方面入手研究其对企业社会责任信息披露的影响,国内外学者尚未得出一致结论,本文以此为出发点进行研究。本文首先对社会责任的内涵、社会责任信息披露及其计量方法以及企业社会责任信息披露影响因素的已有文献进行综述,从而引出本文的研究方向并确定了变量的选取;然后阐述了相关的理论,基于对利益相关者理论、委托-代理理论、高阶理论和产权理论的分析,明确了本文的研究假设。本文以沪市A股上市公司为研究对象,运用线性回归分析模型,将产权性质、高管持股和企业社会责任信息披露三个要素纳入到统一的框架中进行研究。先深入研究产权性质、高级管理层持股情况分别怎么影响企业社会责任信息披露。然后依据产权的性质将全样本划分为两组,观察在不同的企业产权性质条件下,高管持股比例对社会责任信息披露的影响。本文借助实证检验得出,在我国,企业社会责任履行情况不容乐观,在以信息披露的形式向外界反映企业社会责任履行情况这一方面表现的并不理想,且不同所有权性质的公司所披露的社会责任信息水平差距较大。本文所研究的产权性质和高管持股两个变量都影响企业的社会责任信息披露水平:第一,国有控股上市公司的社会责任信息披露水平高于非国有控股上市公司;第二,高管持股能够促进企业社会责任信息披露水平的提高但效果不太显著;第三,企业的产权性质不同,高管持股情况对企业社会责任信息披露的影响不同。非国有控股上市公司高管持股对社会责任信息披露有显著的正向促进作用,而这种正向的促进作用在国有控股上市公司表现的稍弱。
[Abstract]:With the process of reform and opening policy, the economic development of our country gained remarkable achievements. The enterprise is an important part of society, in promoting rapid economic development on the efforts. Enterprises pursue the maximization of their own interests to the enterprise business objectives not only bring their own value to promote the rapid development of economy. But the negative effects such as the environmental pollution caused by quality problems, such as low social responsibility also occur frequently. Reflect the problem of economic growth is the lack of corporate social responsibility, stakeholder rights loss. The practice of social responsibility is the obligation of the enterprise, and to the public disclosure of information has become the focus of attention of the society at present academic circles have focused on environmental governance, relationship between board characteristics and corporate performance and other aspects of the corporate social responsibility, and achieved certain Research results of the study. Its impact on corporate social responsibility information disclosure, from the aspects of ownership structure of domestic and foreign scholars has not yet reached the same conclusion, this article as a starting point for research. This paper firstly discusses the connotation of social responsibility, social responsibility information disclosure and measurement methods and effects of corporate social responsibility information disclosure literature factors are reviewed, which leads to the research direction and determine the selected variables; then describes the related theory of based on stakeholder theory, principal-agent theory, analysis of higher order theory and property rights theory, clear the research hypotheses. The Shanghai A shares listed companies as the research object, using linear regression analysis model, the nature of property rights, the three elements of managerial ownership and corporate social responsibility information disclosure into a unified framework for research. First in-depth research The nature of property rights, senior management shareholdings respectively how to influence corporate social responsibility information disclosure. Then according to the nature of property rights will be the whole sample is divided into two groups, observed in the condition of enterprise property rights under the different influence of managerial ownership on social responsibility information disclosure. The empirical test shows that, in China, social enterprises responsibility is not optimistic, in the form of information disclosure to the outside world to reflect the corporate social responsibility performance the performance is not ideal, the gap between social information level and different ownership companies to disclose more. Property rights and executive ownership the two variables influence the level of corporate social responsibility information disclosure: first, the level of state-owned listed companies social responsibility information disclosure is higher than that of non state-owned listed companies; second, executives holding shares can To promote the level of corporate social responsibility information disclosure increases but the effect is not significant; third, the different nature of the property company, executives holding different influence on corporate social responsibility information disclosure. Non state-owned listed companies executives shareholding disclosure has a significant positive effect on the social responsibility information, and this positive role in promoting. The state-owned listed company performance.

【学位授予单位】：河北经贸大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F275

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