企业社会责任信息披露有助于甄别财务报告质量吗?

Is Corporate Social Responsibility Information Disclosure Beneficial to the Distinction of the Qualities of Financial Reports?

企业社会责任信息披露是否有助于甄别财务报告质量是社会各界普遍关注的热点问题。文章以2009-2011年自愿披露社会责任报告的上市公司为研究样本,研究发现与未披露公司相比,披露社会责任报告的公司真实盈余管理程度更低、更少进行财务重述;社会责任报告评级得分越高的公司真实盈余管理程度越低、发生财务重述的概率越低。研究结果表明企业社会责任信息披露有助于甄别财务报告质量,研究结论可以减少投资者与监管部门信息甄别的成本,有利于投资者做出投资决策和提高监管效率。

The existence of the role of corporate social responsibility information disclosure in the distinction of the qualities of financial reports is a hot issue attracting wide concern from the society.By using a sample of firms with voluntary disclosure of social responsibility reports from 2009to 2011,this paper reaches the following conclusions that: compared to companies without information disclosure,companies with social responsibility information disclosure have lower real earnings management and fewer financial statements;companies with better CSR performance have lower real earnings management and fewer financial statements.It shows that corporate social responsibility information disclosure is conducive to the distinction of the qualities of financial reports and the conclusions can reduce the information screening costs of investors and supervision authorities,help investors to make investment decisions and increase regulatory efficiency.