基于企业价值的上市公司社会责任信息披露实证分析

Empirical Analysis of Information Disclosures of Social Responsibilities of Listed Companies Based on the Corporate Value

以2007年前在上海证券交易所上市的115家公司作为研究对象,对企业价值和上市公司的社会责任信息之间关系进行回归分析,结果表明:我国上市公司社会责任信息披露情况与企业价值没有明显的相关性,但公司规模大的上市公司会披露更多的社会责任信息,而且基本每股收益和净资产收益率这些公司盈利能力指标并不影响公司社会责任信息披露。

Empirical study has been made to analyze the correlation of corporate value and information disclosures of social responsibilities based on 115 companies listed before 2007 from Shanghai Stock Exchange. The results show that the correlation between them is not strong, but there exists a significant positive correlation between the scale of listed companies and the amount of information disclosures. Furthermore, other indexes such as basic earning per share and returns on equity contribute nothing to corporate information disclosure of social responsibilities.