金融业上市公司社会责任信息披露质量的影响因素研究

The Determinants of Corporate Social Responsibility Information Disclosure Quality: Based on Chinese Finance Industry

以利益相关者理论为基础构建了金融业社会责任质量评价体系,根据中国金融业上市公司2006—2011年间发布的社会责任信息,使用内容分析法确定公司社会责任信息披露指数,最后对影响社会责任信息质量的公司治理因素进行了实证检验。研究结果表明,金融业上市公司的社会责任信息披露质量在研究期间内不断提高,但是行业间的差异仍然比较明显。股权结构和董事会治理是影响中国金融企业社会责任信息披露质量的重要因素,第三方审验有助于金融企业社会责任信息披露质量的提高。

Based on stakeholder theory, this paper establishes an evaluation system of corporate social responsibility （CSR） information disclosure based on finance industry characteristics. Next, we use content analysis method to build the CSR disclosure index to evaluate the CSR disclosure quality. Third, this paper investigates the influencing factors of the corporate governance on CSR information disclosure by using Chinese listed financial companies in the period of 2006-2011. Results indicate that CSR information quality is good in a whole, but a significant difference exists between different sectors. Ownership structure and director governance are the most important factors in influencing CSR information quality. The third party assurance helps to improve the CSR information dislcosure quality.