上市公司社会责任信息决策有用性分析——基于上市公司社会责任报告的实验研究

Decision-making Usefulness of Social Responsibility Information of Chinese Listed Companies——The Experimental Reserch based on the Listed Companies' s Social Responsibility Report

本文实验检验了我国上市公司社会责任报告的决策有用性。研究发现以文字表述为主要形式的社会责任信息决策有用性较低,而且不受投资策略的影响。会计基础型的社会责任信息对投资者进行长期投资决策时是决策有用的。上述结果表明,我国监管部门制定和完善上市公司社会责任报告编制的指导政策和关键指标体系,使之成为社会责任报告编制的有效工具具有积极意义。

This thesis uses experimental method to test the decision usefulness of Social Responsibility Report.. The main findings are: un-accounting-based social information is less useful. Moreover, accounting-based social information plays a more active role in the process of investor's long term investing decision. The results show that, China's regulators to develop and improve the preparation of listing Corporation social responsibility report guidance policy and a key index system, make it become the effective tool to draw social responsibility report has positive significance.