财经理论与实践
財經理論與實踐
재경이론여실천
The Theory and Practice of Finance and Economics
2015年
1期
46~51
,共null页
Richardson模型 投资效率 环境信息披露
Richardson模型 投資效率 環境信息披露
Richardson모형 투자효솔 배경신식피로
Richardson model;Investment efficiency;Environmental information disclosure
以2011~2012年在国内A股市场上市的130家京津冀地区现代制造业上市公司为样本,通过Richardson模型对样本投资效率进行评分,并用内容分析法对企业环境信息披露程度评分,以此研究京津冀地区现代制造业上市公司环境信息披露对企业投资效率的影响。研究结果显示：环境信息披露程度评分与公司投资效率评分存在正相关关系,但相关系数较低,这表明企业环境信息披露行为对企业投资效率影响较小,且不会使得企业投资效率降低。
以2011~2012年在國內A股市場上市的130傢京津冀地區現代製造業上市公司為樣本,通過Richardson模型對樣本投資效率進行評分,併用內容分析法對企業環境信息披露程度評分,以此研究京津冀地區現代製造業上市公司環境信息披露對企業投資效率的影響。研究結果顯示：環境信息披露程度評分與公司投資效率評分存在正相關關繫,但相關繫數較低,這錶明企業環境信息披露行為對企業投資效率影響較小,且不會使得企業投資效率降低。
이2011~2012년재국내A고시장상시적130가경진기지구현대제조업상시공사위양본,통과Richardson모형대양본투자효솔진행평분,병용내용분석법대기업배경신식피로정도평분,이차연구경진기지구현대제조업상시공사배경신식피로대기업투자효솔적영향。연구결과현시：배경신식피로정도평분여공사투자효솔평분존재정상관관계,단상관계수교저,저표명기업배경신식피로행위대기업투자효솔영향교소,차불회사득기업투자효솔강저。
This paper took 130 modern manufacturing companies of Beijing-Tianjin- Hebei region in 201 1 and 2012 in the A-share market as sample.We used Richardson Model to com-pute the sample companies＇investment efficiency,and we used Content Analysis to evaluate the extent of environmental information disclosure of the samples.Then we analyzed the relationship between the two variables.The results showed that the degree of environmental information dis-closure and corporate investment efficiency scores were positively correlated,but the correlation was low.It suggested that corporate environmental information disclosure had little effect on cor-porate investment efficiency,and did not decrease business investment efficiency.
