基于企业价值的社会责任信息披露实证研究
首发时间:2019-09-24
摘要:本文以2013-2017年沪深两市A股房地产业上市公司为研究对象,分析样本五年来的年报和社会责任报告,通过构建我国房地产上市公司社会责任评价指标将社会责任信息披露数值化,探讨社会责任信息披露与企业价值之间的关系。研究发现:房地产上市公司社会责任信息披露与企业价值之间互相促进,积极承担社会责任并进行信息披露有利于企业价值的提升,企业价值高的往往其社会责任信息披露质量也较高。同时,规模大的公司会披露更多的社会责任信息,而净资产收益率这类盈利能力指标并不影响企业社会责任信息披露。文章为加速我国企业社会责任发展、搭建良好社会责任信息披露平台提供了依据。
关键词: 企业管理 企业社会责任 信息披露 企业价值 房地产业
For information in English, please click here
An Empirical Study of CSR Information Disclosure Based on Corporate Value
Abstract:The paper selects real estate companies listed in Shanghai and Shenzhen Stock Exchange during 2013-2017 as a sample, which are analyzed with their annual financial report and CSR report of the five years. By constructing the social responsibility evaluation system of China\'s real estate listed companies, the social responsibility information disclosure level is numerical to analyze the relationship between social responsibility information disclosure and corporate value. The empirical result shows that the social responsibility information disclosure level and the corporate value of real estate listed companies promote each other. Actively taking social responsibility and revealing information is conducive to the improvement of corporate value. The high corporate value often leads to higher social responsibility information disclosure level. At the same time, large-scale companies discloses more social responsibility information, and the profitability indicators such as ROE do not affect corporate social responsibility information disclosure. The paper provides a basis for accelerating the development of corporate social responsibility in China and building a good social responsibility information disclosure platform.
Keywords: Business Management Corporate Social Responsibility Information Disclosure Corporate Value Real Estate Industry
基金:
引用
No.****
同行评议
共计0人参与
勘误表
基于企业价值的社会责任信息披露实证研究
评论
全部评论0/1000