社会信任对业绩预告精确度的影响

The Influence of Social Trust on the Management Forecast Precision

社会信任作为一项非正式制度,对社会经济的发展有至关重要的作用。以2008-2017年A股上市公司为研究样本,考察社会信任对业绩预告精确度的影响,并从产权性质和内部控制质量角度对两者关系进行了分组检验。研究发现:社会信任水平越高的地区,企业业绩预告精确度越高,而社会信任对业绩预告精确度的促进作用主要体现在国有企业和内部控制质量较好的企业中。

As an informal system,social trust plays an important role in the development of social economy.Based on the samples of A-share listed firms in China from 2008 to 2017,this paper investigates the influence of social trust on the management forecast precision,and conducts grouping tests from the perspectives of property rights and internal control.The study shows that the higher the level of social trust is,the higher the management forecast precision is,and that the promotion effect of social trust on management forecast precision is mainly reflected in state-owned enterprises and enterprises with better internal control quality.