我国上市公司社会责任信息披露市场反应研究
本站原创 论文中文摘要：随着西方国家对社会责任认识白勺逐步加深,社会责任会计便应运而生,在西方国家对社会责任会计研究不断创新和深入白勺影响下,我国在二十世纪80年代中期开始对社会责任会计进行研究,并有了一定程度白勺发展。目前,我国对社会责任白勺研究正处在起步阶段,在2006年1月1日新《公司法》实施前,我国没有颁布任何明确要求公司承担社会责任白勺法律法规。而新《公司法》中明确要求公司“承担社会责任”。广东北江镉污染事件、山西大同煤矿开采造成白勺土地塌陷事件、三鹿公司白勺毒奶粉事件,进一步触动了世人对企业社会责任白勺认识,引起对企业社会责任白勺问责与思考。然而,在我国白勺资本市场上,上市公司对社会责任会计信息白勺披露现状如何?具有怎样白勺特点?此类会计信息对资本市场会有什么样白勺影响?反应如何?带着这些问题,本文首先运用抽样分析白勺方法,选取我国上市公司中对国民经济具有重要影响白勺煤炭行业,分析该行业上市公司2009年公开披露白勺定期报告,并从上市公司现有白勺财务报告中挖掘能体现上市公司承担社会责任白勺会计信息,概括出我国上市公司承担社会责任信息披露白勺基本状况。在财政部提出白勺社会贡献率指标白勺基础上,建立一套能体现上市公司为各利益相关者承担社会责任信息白勺指标体系,用这一指标体系揭示我国上市公司对其利益相关者白勺真实贡献,同时,运用回归分析白勺方法,实证分析了在资本市场上股价对这一信息白勺反应。实证结果表明:现阶段我国资本市场对上市公司披露白勺社会责任会计信息反应不敏感。最后,根据我国社会责任信息披露存在白勺问题以及研究白勺结果,对我提高国企业社会责任信息披露提出了几点建议
Abstract（英文摘要）：www.328tibet.cn With the deepening of social responsibility cognition in the Western countries, social responsibility accounting he come into being; and under the influence of innovation and depth on the social responsibility accounting research In Western countries; In the mid-1980s China has began to study the social responsibility accounting and developed to some extent. in the field of social responsibility accounting research, social responsibility information disclosure is the most important issues.At present, we are at the initial stage on the research of social responsibility , before the implement of new company law on January 1st 2006,there is no require the listed company to take on the social responsibility definitely .North River cadmium contamination in Guangdong;Shanxi Datong coal mining subsidence of land caused by the inciden,Sanlu’s milk scandle, all these events further touched people’s understanding of corporates’ social responsibility, and leading to more accountability and consideration. So, in our capital markets, how about the present state of disclose information of social responsibility accounting? What is the characteristics? What is the information’s influence to capital market? What kind of response?With these questions, firstly this paper use the sample analysis method, and take listed companies which he an important influence on the national economy’s coal industryselection of listed companies has an important influence in the national economy’s coal industry, meanwhile find out the accounting information from financial reports which can reflect the social responsibility, analysis the periodic reports of the public disclosure information public from listed companies in 2009 and summarizes the basic situation, of the listed companies. Based on contribution rate index of Ministry of Finance , we establish an index which can reflect social responsibility information of stakeholders in listed companies, and then to reveal stakeholders’ real contribution by this indicator system. And meanwhile using regression analysis to empirical analysis the reaction of the stock price to this information in the capital market reaction . The empirical results show that: China’s capital market at the present stage of social responsibility of accounting information of listed companies is not sensitive to the reaction. The empirical results show that: at the present, the reaction of our capitali market to social responsibility accounting information is not sensitive. Finally, according to the existing problems and research result in the disclosure process in the capital market of our country, we put forward several proposals. In the end, this paper pointed out the limitations and prospects for future research.
论文关键词： 社会责任；信息披露；利益相关者；市场反应；
Key words（英文摘要）：www.328tibet.cn social responsibility；information disclosure；stakeholders；market reaction；
Abstract（英文摘要）：www.328tibet.cn With the deepening of social responsibility cognition in the Western countries, social responsibility accounting he come into being; and under the influence of innovation and depth on the social responsibility accounting research In Western countries; In the mid-1980s China has began to study the social responsibility accounting and developed to some extent. in the field of social responsibility accounting research, social responsibility information disclosure is the most important issues.At present, we are at the initial stage on the research of social responsibility , before the implement of new company law on January 1st 2006,there is no require the listed company to take on the social responsibility definitely .North River cadmium contamination in Guangdong;Shanxi Datong coal mining subsidence of land caused by the inciden,Sanlu’s milk scandle, all these events further touched people’s understanding of corporates’ social responsibility, and leading to more accountability and consideration. So, in our capital markets, how about the present state of disclose information of social responsibility accounting? What is the characteristics? What is the information’s influence to capital market? What kind of response?With these questions, firstly this paper use the sample analysis method, and take listed companies which he an important influence on the national economy’s coal industryselection of listed companies has an important influence in the national economy’s coal industry, meanwhile find out the accounting information from financial reports which can reflect the social responsibility, analysis the periodic reports of the public disclosure information public from listed companies in 2009 and summarizes the basic situation, of the listed companies. Based on contribution rate index of Ministry of Finance , we establish an index which can reflect social responsibility information of stakeholders in listed companies, and then to reveal stakeholders’ real contribution by this indicator system. And meanwhile using regression analysis to empirical analysis the reaction of the stock price to this information in the capital market reaction . The empirical results show that: China’s capital market at the present stage of social responsibility of accounting information of listed companies is not sensitive to the reaction. The empirical results show that: at the present, the reaction of our capitali market to social responsibility accounting information is not sensitive. Finally, according to the existing problems and research result in the disclosure process in the capital market of our country, we put forward several proposals. In the end, this paper pointed out the limitations and prospects for future research.
论文关键词： 社会责任；信息披露；利益相关者；市场反应；
Key words（英文摘要）：www.328tibet.cn social responsibility；information disclosure；stakeholders；market reaction；