披露制度、社会绩效与社会责任信息披露被引量：11

Disclosure Regulation,Corporate Social Performance and Corporate Social Disclosure——Based on the Signaling Theory

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摘要以我国特殊的披露制度环境为背景,基于信号传递理论分析了制度压力、社会绩效影响社会责任信息披露决策的机理,并以2011-2013年披露社会责任报告的非金融保险类A股上市公司为样本进行了实证检验。研究结果显示:企业社会绩效与社会责任信息披露水平正相关,强制披露制度发挥正向调节作用,并且社会绩效好的企业"硬披露"和"软披露"信息水平都比较高;但是,基于战略管理理论视角的进一步探讨表明,当把社会责任信息披露作为一种战略管理工具时,社会绩效与社会责任信息披露呈现U型关系,社会绩效好的和差的企业都会积极披露社会责任信息。上述结论深化了企业社会责任信息披露影响因素的研究,明确了我国特殊披露制度环境下企业披露社会责任信息的客观性和信号作用,为投资者决策提供了参考依据。 Based on the special disclosure regulations in China, how corporate social perform- ance affected social responsibility disclosure was analyzed using signaling theory, and was tested empirically using the data of companies which disclosed CSR：reports from 2011 to 2013 on A stock market. It is found that CSP has positive correlation with CSD, and the regulation about mandatory disclosure can mediate the relation positively. The quality of both hard disclosure and soft disclosure are higher for the corporations with good CSP. However, more analysis based on strategic manage- meat theory shows that if CSD was looked as a strategic instrument, the relationship between CSP and CSR is U--like. The conclusions manifest the objectivity and signal effect of CSD in the regula- tion context of China.

作者冯丽艳肖翔程小可

机构地区北京交通大学经济管理学院

出处《现代财经（天津财经大学学报）》 CSSCI 北大核心 2016年第2期39-52,共14页 Modern Finance and Economics：Journal of Tianjin University of Finance and Economics

基金国家自然科学基金项目(71372012 71572144) 北京社会科学基金项目(15JGB046)

关键词制度社会绩效信息披露信号传递理论 regulation CSR CSD signaling theory

分类号 F272.7 [经济管理—企业管理]

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