企业披露获奖信息有用吗?——非财务业绩的证明

Is it useful to disclose award-winning information: Proof of non-financial performance

被以往研究普遍忽视的一个基本事实是,中国上市公司在年报中披露获奖信息,而我们并不了解企业披露获奖的本质及其背后深层次的动机。基于此,本文从企业披露的获奖信息分布特征、制度梳理和理论分析三个维度层层证明并提出关于企业获奖信息披露的研究假说:上市公司年报中所披露的获奖信息,本质是企业管理层对取得非财务业绩的自我证明,企业获奖作为非财务业绩的证明可以补充或者替代财务业绩。

We try to propose a hypothesis that the nature of the awards disclosed in the annual reports is kind of proof of the nonfinancial performance achieved by the executives of Chinese characteristics,moreover,the awards information can play a substitutable or complementary role with the traditional financial performance.