制度背景、公司治理与社会责任信息披露关系研究

发布时间：2018-01-08 18:24

本文关键词：制度背景、公司治理与社会责任信息披露关系研究　出处：《西南交通大学》2013年博士论文　论文类型：学位论文

【摘要】：随着可持续发展理念的深入,企业社会责任日益受到重视,而社会责任信息披露有利于社会公众了解企业社会责任的履行情况,是资本市场发展的重要甚至是核心问题,已成为学术界关注的研究热点。一般而言,信息披露受内部和外部两种制度的制约。虽然已有多篇文献研究了企业社会责任信息披露的影响因素,但它们主要从单方面视角开展研究,缺乏从内外制度两方面的综合分析,并且,一些社会责任信息披露与其影响因素的关系研究也较简单,缺乏对其影响因素背后本质与影响作用机制的深入探讨。目前,我国正处于经济转型期,由于历史、体制等原因,我国存在特殊的制度背景,而作为保护股东与其他利益相关者利益的内部制度安排,公司治理的本质是一种“受托”责任,因此,针对已有研究的不足,本文进行的关于特殊的外部制度背景、公司内部治理,以及二者交互效应对我国企业社会责任信息披露的影响及其作用机制的研究,具有较强的理论价值与高度的现实意义。本文在梳理社会责任信息披露影响因素的基础上,以利益相关者理论为理论基础,依据合法性理论、外部压力理论、战略资源理论、合规性理论、高层梯队理论等理论,分析制度背景、公司治理与社会责任信息披露关系的理论依据,且结合相关文献,提出了本文的研究假设与概念模型。针对我国2008年上市公司社会责任信息披露制度的变化,本文以“深证100指数”、“上证公司治理板块”样本公司为一般研究样本,并运用传统配对方法选择一组配对样本,以2005年至2010年为研究时间,运用描述性分析、相关性分析、主成分因子分析、多元回归分析,以及SPSS与AMOS统计软件等研究方法与手段,尝试从我国企业所在地区横向制度环境及时间上纵向的制度变迁两方面,结合我国上市公司特殊的公司治理情况,实证分析了外部制度背景与公司内部治理以及二者交互效应对我国上市公司社会责任信息披露的影响,并进一步具体选择媒体关注这个代表性的法律外制度因素,结合公司治理中的高管特征因素,运用声誉理论、印象管理理论,深入研究制度背景、公司治理对社会责任信息披露的部分影响路径与作用机制。本文研究发现：1、我国制度环境尤其是市场中介组织与法律制度环境的发展以及媒体关注显著地促进企业社会责任信息披露,企业社会责任信息披露与产品市场竞争正相关但不显著；外部社会责任信息披露制度的强制规定,是企业社会责任信息披露的重要原因,对其他上市公司自愿披露社会责任信息具有引导与示范作用。2、前五大股东积极影响企业社会责任信息披露；董事会规模与社会责任信息披露呈非线性关系,即二者呈倒U型关系；设立审计委员会有利于企业社会责任信息的披露；独立董事、两职合一对社会责任信息披露有一定促进作用；监事会对社会责任信息披露的积极作用也有限；年长的、高学历的高管一定程度上能提高企业社会责任信息披露水平,建立政治关联将促进企业披露社会责任信息,但政治关联程度越深,反而又会产生不利影响,高管的道德水平是促进企业社会责任信息披露的重要影响因素。3、前五大股东较高的持股比例在一定程度上可替代较差的外部制度环境促进企业社会责任信息披露；外部制度环境的改善将会在一定程度上增加董事会治理的有效性,提高企业社会责任信息披露水平；随着监督作用的增强,内部监事会将会替代外部较差的制度环境促进企业社会责任信息的披露；在外部制度环境较差时,高学历的、道德自觉性高、有政治关联的高管团队的合理构建可替代制度环境,积极决策披露企业社会责任信息。研究总的表明,改善公司内部治理可替代较差的制度环境促进企业社会责任信息的披露,而外部制度环境的改善将会在一定程度上增强公司治理的有效性,提高企业社会责任信息披露的水平。4、媒体关注对企业社会责任信息披露的影响,部分是通过高管的声誉机制发挥作用的,还有其它的作用机制有待进一步研究。本文为认识我国企业社会责任信息披露影响因素提供了制度背景特别是法律外制度、高管特征、制度环境与公司治理交互效应的新的研究视角；为改善我国社会责任信息披露制度环境,加快制度变革,完善公司治理,提高企业社会责任信息披露的水平,促进企业与社会的可持续发展,提供了理论依据与实证证据。
[Abstract]:With the concept of sustainable development, corporate social responsibility has been paid more and more attention, and the fulfillment of social responsibility information disclosure is conducive to the public understanding of corporate social responsibility, is important for the development of the capital market and is the core problem, has become a hot research topic in academic circles. In general, the external and internal control information disclosure by the two systems the influence of factors. Although there are several papers on the information disclosure of corporate social responsibility, but they are mainly from the perspective of unilateral research, lack of comprehensive analysis from two aspects, both inside and outside the system and some social responsibility information disclosure and the influencing factors of the relationship is relatively simple, the lack of in-depth study of influencing factors of the essence and the influence mechanism. At present, our country is in economic transition period, because of the historical, institutional and other reasons, China has the special institutional background, As the protection of shareholders and other stakeholders of the internal system arrangement, the essence of corporate governance is a "trustee" responsibility, therefore, this paper, based on the external special institutional background, internal corporate governance, research as well as the two interactive effect on corporate social responsibility information disclosure in China and its mechanism, has strong theoretical and practical significance. Based on the height of the sort of social responsibility information disclosure based on the factors that affect the stakeholder theory as the theoretical basis, on the basis of legal theory, external pressure theory, the theory of strategic resources, compliance theory, upper echelons theory. Analysis of system background, the theoretical basis of the relationship between corporate governance and social responsibility, and combined with the relevant literature, put forward the research hypothesis and conceptual model of this paper. In view of our country 2008 Years of corporate social responsibility information disclosure system changes, based on the "Shenzhen 100 index", "SSE corporate governance sector" Sample Firms for the general research sample, and select a set of paired samples using the traditional matching method, from 2005 to 2010 for the time of the study, using descriptive analysis, correlation analysis, principal component factor analysis, multivariate regression analysis and means as well as SPSS and AMOS statistical software and other research methods, try environment and time where the system transverse from our enterprise regional institutional change longitudinal two aspects, combined with China's listed company special corporate governance, empirical analysis of the impact of internal and external corporate governance background system and two interaction on society the responsibility of information disclosure of Listed Companies in China, and further the specific choice of media attention outside the representative legal system factors, combined with corporate governance The executive characteristic factors, the use of reputation theory, impression management theory, in-depth study of the institutional background, corporate governance of social responsibility information disclosure part of the influence path and mechanism. This study found that: 1, the system environment in our country, especially the market intermediary organizations and the legal system environment and the development of the media attention significantly promote the corporate social responsibility information disclosure of corporate social responsibility information disclosure and product market competition is not statistically significant; mandatory external social responsibility information disclosure system, is an important cause of corporate social responsibility information disclosure,.2 has a leading and exemplary role of other listed companies voluntary information disclosure of social responsibility, the top five shareholders of the positive impact of corporate social responsibility information the size of the board of directors and disclosure; social responsibility information disclosure non-linear relationship, namely the two inverted U type relation; the establishment of the audit committee There will be conducive to corporate social responsibility information disclosure; independent directors, the two level one of social responsibility information disclosure has a certain role in promoting; the board of supervisors is also limited to the positive role of social responsibility information disclosure; older, high degree of executives to some extent can improve the corporate social responsibility information disclosure level, will promote the establishment of a political Association corporate social responsibility information disclosure, but the degree of political connection more deeply, but also will have an adverse impact, executives of the moral level is an important factor to promote the.3 corporate social responsibility information disclosure, the external institutional environment the shareholding ratio of the top five shareholders of higher alternative is poor in a certain extent, the promotion of corporate social responsibility information disclosure; the external institutional environment improvement will increase the effectiveness of board governance in a certain extent, improve the level of corporate social responsibility information disclosure with supervision; The role of enhanced internal supervisory system will replace the external environment of poor promotion of corporate social responsibility information disclosure; in poor external environment, high education, high moral consciousness, reasonable construction of political association of the executive team can replace the system environment, the positive decision of corporate social responsibility information disclosure of the total. Show that the improvement of the institutional environment of corporate governance can replace the poor promotion of corporate social responsibility information disclosure, and external institutional environment improvement will enhance the effectiveness of corporate governance to a certain extent, improve the level of.4 corporate social responsibility information disclosure, the media attention on the impact of corporate social responsibility information disclosure, partly play a role the reputation mechanism of executives, and other mechanisms need to be further studied. The understanding of corporate social responsibility information disclosure in China because of influence In particular system provides the institutional background, legal executive characteristics, governance interaction system environment and the company's new research perspective; to improve the social responsibility information disclosure system of China's environment, accelerate system reform, improve corporate governance, improve corporate social responsibility information disclosure level, promote the sustainable development of enterprises and society, to provide the theoretical basis and empirical evidence.

【学位授予单位】：西南交通大学
【学位级别】：博士
【学位授予年份】：2013
【分类号】：F271;F270;F832.51

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