上市公司自愿性社会责任信息披露动因与效应的关系研究

目前,我国上市公司信息披露仍以强制性的财务信息公开披露为主,有关社会责任的非财务信息以自愿性披露为主.然而大部分上市公司自愿披露信息的动力严重不足.针对这一问题,本文基于合法性及利益相关者的视角,采用内容分析法将企业自愿性信息披露的动因归于员工、股东、政府以及公众四类主要利益相关者的诉求,同时进一步研究了自愿性信息披露的动因与效应之间的关系.研究发现满足四类利益相关者的诉求可以提升公司的声誉及财务绩效,这对加强公司自愿披露社会责任信息的动力有很大的现实意义.

Research on the relationship between cause and effect of voluntary corporate social disclosures of listed companies

Currently, information disclosure of listed companies is still dominated by mandatory public disclosure of financial information, and non-financial information about the social responsibility is based on voluntary disclosure. However, most of the voluntary disclosure of listed companies are facing a serious shortage of power. To solve this problem, this article based on the perspective of legitimacy and stakeholders, attributes the motivation of corporate voluntary disclosure to employees, shareholders, government and the public four types of major stakeholders appeal by using content analysis method. At the same time, we further study the relationship between cause and effect of voluntary information disclosure. Through the study, we find that corporate reputation and financial performance can be enhanced by meeting four types of major stakeholders appeal, which have a great practical significance for the company actively and voluntary disclosure the social responsibility information.