经济政策的不确定性与企业社会责任信息披露质量关系研究

Research on the Relationship between Economic Policy Uncertainty and Corporate Social Responsibility Information Disclosure Quality

自2008年全球性金融危机以来,世界宏观经济环境风云变化,经济上国家之间竞争与合作共存,加上近几年全球性公共卫生事件的影响,导致国际经济形势的不确定性加剧,各国政府不断地进行政策调整来应对经济形势的变化。与此同时,我国的经济发展也进入新常态阶段,处于经济发展的重要战略机遇期,在当今国际与国内宏观经济环境不稳定因子增多而导致的不确定性程度加重的大环境下,中国经济政策不确定性风险会进一步增加。在这种情况下,企业是否会增强社会责任信息披露的意愿,是否会改善社会责任信息披露的质量,亟待我们进一步探究这两者的内在关系。本文选取2014-2020年A股的上市公司作为研究对象,依据相关研究和理论提出研究假设,选取相关变量,构建实证模型,在此基础上进行实证检验。结果表明:当经济政策不确定性上升时,不仅公司披露社会责任信息的积极性显著增加,同时社会责任信息披露质量也会进一步提高。

Since the global financial crisis in 2008,changes in the world macroeconomic environment,the coexistence of competition and cooperation between countries in the economy,and the impact of global public health events in recent years have led to increased uncertainty in the international economic situation,and governments have constantly made policy adjustments to cope with the changes in the economic situation.At the same time,China's economic development has also entered a new normal stage and is in a period of important strategic opportunities for economic development.In the current environment of increasing uncertainty caused by unstable factors in the international and domestic macroeconomic environment,the uncertainty risk of China's economic policy will further increase.In this case,whether enterprises will enhance the willingness of social responsibility information disclosure,whether they will improve the quality of social responsibility information disclosure,we need to further explore the internal relationship between the two.This paper selects A-share listed companies from 2014 to 2020 as research objects,proposes research hypotheses based on relevant studies and theories,selects relevant variables,builds an empirical model,and conducts empirical tests on this basis.The empirical test results show that when the uncertainty of economic policy increases,not only the enthusiasm of companies to disclose social responsibility information increases significantly,but also the quality of social responsibility information disclosure will be further improved.