【摘要】 利益相关者的关注使公司治理与企业社会责任实践正趋向于相同的发展方向。将公司治理特征分为股权结构特征和董事会特征两大类,并将企业社会责任信息披露行为定义为披露倾向和披露水平两个方面,以我国化工上市企业为例,研究治理特征对企业社会责任信息披露倾向和披露水平的影响,实证结果显示:(1)股权结构与企业社会责任信息披露倾向没有显著的相关关系,董事会特征除了董事会规模外,与企业社会责任信息披露倾向也没有显著的相关关系,研究结论提示,在不受监管的环境中,治理因素对企业社会责任信息披露倾向的影响有限,因此强制性的披露政策更为有效。(2)在披露了社会责任报告的企业中,股权结构和董事会特征对披露水平均有显著影响,因此,为了有效监控委托代理关系,董事会必须具备足够的能力和专业知识,以确保企业披露高质量的社会责任信息。更多还原

【Abstract】 Corporate governance and corporate social responsibility practices are moving in the same direction because of stakeholder concerns. This paper divides the corporate governance characteristics into two categories:equity structure characteristics and board characteristics,and defines corporate social responsibility disclosure behavior as two aspects:disclosure tendency and disclosure level. And then this paper takes China′s chemical listed companies as an example to study the impact of governance characteristics on corporate social responsibility information disclosure trends and disclosure levels. The empirical results of this paper show that:(1)There is no significant correlation between the ownership structure and the corporate social responsibility information disclosure tendency.Except for the size of the board,there is no significant correlation between the characteristics of the board and the tendency of corporate social responsibility disclosure. The research conclusions suggest that the influence of governance factors on corporate social responsibility information disclosure tendencies is limited,so mandatory disclosure policies are more effective in an unregulated environment.(2)However,in those companies that disclose social responsibility reports,the ownership structure and board characteristics have significant impacts on the quality of disclosure. Therefore,in order to effectively monitor the principal-agent relationship,directors must have sufficient expertise to ensure that companies disclose high-quality social responsibility information.更多还原