CAJ | 학술논문

目前，国内对于企业社会责任信息披露实施后果的研究还为数不多。本文从融资约束这一视角进行实证研究，以2010～2011年A股上市公司为样本，考察了企业社会责任信息披露缓解融资约束的能力。研究结果显示，企业社会责任信息披露质量越高，面临的融资约束程度越低，并且企业社会责任信息披露缓解融资约束程度还受所有权性质和所在区域的影响。
목전，국내대우기업사회책임신식피로실시후과적연구환위수불다。본문종융자약속저일시각진행실증연구，이2010～2011년A고상시공사위양본，고찰료기업사회책임신식피로완해융자약속적능력。연구결과현시，기업사회책임신식피로질량월고，면림적융자약속정도월저，병차기업사회책임신식피로완해융자약속정도환수소유권성질화소재구역적영향。
The domestic empirical research of the economic consequences for corporate social responsibility （CSR） information disclosure is very few. This research studies from the perspective of the financial constraints providing empirical evidence for the further improvement of the related policies. We use empirical method to investigate the effects of CSR in- formation disclosure alleviating financing constraints. The research results show that the higher the quality of the CSR infor- mation disclosure the enterprise has, the lower financial constraints it faces. Further research found that, the effects of CSR information disclosure alleviating financing constraints also affected by the nature of ownership and the region.