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持续的信息公开制度,是市场投资者深入了解公司的投资风险,提升企业业绩动力的外部制约。公司的信息披露不仅仅是法律法规的要求,更应该是公司为了提高企业绩效和声誉而自愿披露的。本文从企业披露社会责任信息的自主性与强制性两个维度,论述了二者对企业的影响因素,并通过多次实证对比分析了不同披露意愿下企业的市场效应、财务绩效及投资者对企业的价值预期。最后得出了可供参考的结论。
The continuous system of disclosure of information is an external constraint on market investors’ understanding of the company’s investment risks and its promotion of corporate performance. Company’s information disclosure is not only the requirements of laws and regulations, but also the company should voluntarily disclose in order to improve corporate performance and reputation. This paper discusses the two factors that influence the enterprise from the two dimensions of autonomy and compulsory disclosure of social responsibility information, and compares the market effect, financial performance and investors’ The value of the business is expected. Finally, we can draw conclusions for reference.