论文部分内容阅读
利用2013—2014年间公布社会责任报告的A股上市公司的数据,对企业的产权性质、治理结构和社会责任信息披露三者之间的关系进行探讨。结论表明,企业产权性质不同,其治理结构与社会责任信息披露的关系存在差异。总体而言,国有企业的社会责任信息披露水平要高于非国有企业。具体而言,国有企业中第一大股东持股比例与社会责任信息披露无显著相关性,而在非国有企业中二者显著负相关。国有企业中独立董事比例与社会责任信息披露显著正相关,而在非国有企业中二者无显著相关性。国有企业中高管薪酬与社会责任信息披露显著负相关,而在非国有企业中二者无显著相关性。国有企业中管理层持股与社会责任信息披露无显著相关性,而在非国有企业中二者显著正相关。基于前述结论,该文提出应当强制上市公司披露其社会责任的履行信息,同时,对不同产权性质的企业实行差异化的政策措施,鼓励其完善治理结构,进一步提高社会责任信息披露水平。
Based on the data of A-share listed companies that published their social responsibility reports in 2013-2014, this paper discusses the relationship between the nature of corporate ownership, governance structure and information disclosure of social responsibility. The conclusion shows that the property rights of enterprises are different in nature, and the relationship between corporate governance structure and social responsibility information disclosure is different. Overall, state-owned enterprises have a higher level of disclosure of social responsibility information than non-state-owned enterprises. Specifically, there is no significant correlation between the shareholding of the largest shareholder in state-owned enterprises and the disclosure of social responsibility information, while there is a significant negative correlation between the two in non-state-owned enterprises. There is a significant positive correlation between the proportion of independent directors in state-owned enterprises and the disclosure of social responsibility information, while there is no significant correlation between them in non-state-owned enterprises. There was a significant negative correlation between executive pay and social responsibility information disclosure in state-owned enterprises, while there was no significant correlation between the two in non-state-owned enterprises. There was no significant correlation between SOE shareholding and disclosure of social responsibility in state-owned enterprises, while there was a significant positive correlation between non-SOE and SOE. Based on the above conclusion, this paper proposes that listed companies should be forced to disclose the fulfillment information of their social responsibilities. At the same time, the government should implement differentiated policies and measures to encourage enterprises to improve their governance structure and further improve the level of disclosure of social responsibility information.