行业竞争、产权性质与企业社会责任信息披露——基于信号传递理论的分析

发布时间：2019-05-27 15:48

【摘要】：基于信号传递理论研究了行业竞争程度对企业社会责任信息披露的影响。通过分析中国上市公司社会责任信息披露情况,研究发现:(1)企业所处行业竞争程度越高,越可能将披露社会责任信息作为信号传递的一种方式;(2)面对相同的行业竞争,国有企业更可能利用社会责任信息传递公司信息;(3)社会责任信息披露之后企业有着更高的市场价值和收入增长率,社会责任信息披露的信号传递作用得到市场的积极反应;(4)进一步分析发现,行业竞争对社会责任信息披露的影响在管理层权力低的组显著,在管理层权力高的组不显著。文章拓展了社会责任信息披露的影响因素研究,具有一定的理论和现实意义。
[Abstract]:Based on the signal transmission theory, the influence of the degree of industry competition on the disclosure of corporate social responsibility information is studied. Through the analysis of the disclosure of social responsibility information of listed companies in China, it is found that: (1) the higher the degree of competition in the industry, the more likely the disclosure of social responsibility information is to take the disclosure of social responsibility information as a way of signal transmission; (2) in the face of the same industry competition, state-owned enterprises are more likely to use social responsibility information to transmit corporate information; (3) after the disclosure of social responsibility information, enterprises have higher market value and income growth rate, and the signal transmission function of social responsibility information disclosure gets the positive reaction of the market; (4) further analysis shows that the influence of industry competition on social responsibility information disclosure is significant in the group with low management power, but not in the group with high management power. This paper expands the research on the influencing factors of social responsibility information disclosure, which has certain theoretical and practical significance.
【作者单位】：湖南师范大学商学院;
【基金】：国家自然科学基金青年项目(71503079)
【分类号】：F270

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