CAJ | 학술논문

通过选取中国沪深两市发布社会责任报告的农业类上市公司在2009—2011年间的样本数据进行实证研究，检验企业财务业绩对社会责任信息披露的影响。研究结果表明，企业财务业绩与社会责任信息披露之间呈显著的倒“U”型关系，进一步研究发现这种关系仅在股权集中度较低的企业中显著存在。文章对现有文献中社会责任信息披露机理的研究进行了拓展和综合，同时对于政府规范企业社会责任履行及信息披露具有政策指导意义。
통과선취중국호심량시발포사회책임보고적농업류상시공사재2009—2011년간적양본수거진행실증연구，검험기업재무업적대사회책임신식피로적영향。연구결과표명，기업재무업적여사회책임신식피로지간정현저적도“U”형관계，진일보연구발현저충관계부재고권집중도교저적기업중현저존재。문장대현유문헌중사회책임신식피로궤리적연구진행료탁전화종합，동시대우정부규범기업사회책임리행급신식피로구유정책지도의의。
Using a sample of agriculture listed companies’ social responsibility report data from 2009 to 2011 of Shanghai and Shenzhen Stock Exchange in China, this paper examines the relationship between the financial performance and social responsibility in-formation disclosure. The empirical results show that:there was significantly inverted“U” shaped relationship between enterprise’s fi-nancial performance and level of corporate social responsibility information disclosure. Further study found that, the relationship is only significant in the enterprise which has the lower ownership concentration. The conclusions of this study could give governments some guidance to regulate the corporations to fulfill their social responsibilities and information disclosure.