高管海外背景对企业社会责任信息披露的影响——基于任职地区规制压力的调节作用
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摘要
选取2008—2015年的我国A股上市公司为研究对象,分析了高管海外背景对企业社会责任信息披露的影响,并考察了任职地区规制压力对二者关系的调节作用。结果显示:(1)高管海外背景与企业社会责任信息披露正相关;(2)高管海外工作背景对企业社会责任信息披露质量的提升作用强于高管海外学习背景;(3)相较于海外进修/培训/访学和海外从事博士后研究的方式,获得学历/学位方式的高管海外学习背景对企业社会责任信息披露质量的提升作用更强;(4)拥有海外背景的高管所在任职地区的规制压力越大,高管海外背景对企业社会责任信息披露的正向影响越强烈。
This paper selected China's A-share listed companies from 2008 to 2015 as research objects, empirically analyzed the influence of senior executives' overseas background on corporate social responsibility information disclosure, and examined the adjustment effect of regulating pressure between the two in their office areas. The results tell us as follows. Firstly, senior executives' overseas background is positively related with corporate social responsibility information disclosure. Secondly, overseas working experiences could better promote the quality of corporate social responsibility information disclosure than overseas learning experiences do.Thirdly, senior executives with overseas qualifications could better promote the quality of corporate social responsibility information disclosure than those being as visiting scholars or post-docs. Finally, the positive effect of senior executives' overseas background on corporate social responsibility information disclosure is more obvious in areas with stronger regulating pressure.
This paper selected China's A-share listed companies from 2008 to 2015 as research objects, empirically analyzed the influence of senior executives' overseas background on corporate social responsibility information disclosure, and examined the adjustment effect of regulating pressure between the two in their office areas. The results tell us as follows. Firstly, senior executives' overseas background is positively related with corporate social responsibility information disclosure. Secondly, overseas working experiences could better promote the quality of corporate social responsibility information disclosure than overseas learning experiences do.Thirdly, senior executives with overseas qualifications could better promote the quality of corporate social responsibility information disclosure than those being as visiting scholars or post-docs. Finally, the positive effect of senior executives' overseas background on corporate social responsibility information disclosure is more obvious in areas with stronger regulating pressure.
引文
[1]Haniffa R M, Cooke T E. The Impact of Culture and Governance on Corporate Social Reporting[J]. Journal of Accounting and Public Policy,2005,24(5):391-430.
[2]沈洪涛.公司特征与公司社会责任信息披露——来自我国上市公司的经验证据[J].会计研究,2007(3):9-16,93.
[3]马连福,赵颖.上市公司社会责任信息披露影响因素研究[J].证券市场导报,2007(3):4-9.
[4]Campbell J L. Why would Corporations Behave in Socially Responsible Ways? An Institutional Theory of Corporate Social Responsibility[J]. Academy of Management Review,2007,32(1):946-967.
[5]肖作平,杨娇.公司治理对公司社会责任的影响分析——来自中国上市公司的经验证据[J].证券市场导报,2011(6):34-40.
[6]蒋尧明,郑莹.企业社会责任信息披露高水平上市公司治理特征研究——基于2012年沪市A股上市公司的经验证据[J].中央财经大学学报,2014(11):52-59.
[7]Zyglidopoulos S C,Georgiadis A P,Carroll C E,et al. Does Media Attention Drive Corporate Social Responsibility?[J].Journal of Business Research,2012,65(11):1622-1627.
[8]陶莹,董大勇.媒体关注与企业社会责任信息披露关系研究[J].证券市场导报,2013(11):20-26,33.
[9]谭雪.行业竞争、产权性质与企业社会责任信息披露——基于信号传递理论的分析[J].产业经济研究,2017(3):15-28.
[10]Thomas A S,Simerly R L. Internal Determinants of Corporate Social Performance:The Role of Top Managers[J]. Academy of Management Proceedings,1995(1):411-415.
[11]孙德升.高管团队与企业社会责任:高阶理论的视角[J].科学学与科学技术管理,2009(4):188-193.
[12]张正勇,吉利.企业家人口背景特征与社会责任信息披露——来自中国上市公司社会责任报告的经验证据[J].中国人口.资源与环境,2013(4):131-138.
[13]黄荷暑,周泽将.女性高管、信任环境与企业社会责任信息披露——基于自愿披露社会责任报告A股上市公司的经验证据[J].审计与经济研究,2015(4):30-39.
[14]陈浩,刘春林,鲁悦.政治关联与社会责任报告披露[J].山西财经大学学报,2018,40(4):75-85.
[15]Abrahamson E,Hambrick D C. Attentional Homogeneity in Industries:The Effect of Discretion[J]. Journal of Organizational Behavior,1997(18):513-532.
[16]Zhang J,Kong D,Wu J. Doing Good Business by Hiring Directors with Foreign Experience[J]. Journal of Business Ethics,2016:1-18.
[17]文雯,宋建波.高管海外背景与企业社会责任[J].管理科学,2017(2):119-131.
(1)2009—2016年润灵环球对中国企业社会责任报告评价的样本总数为4 722个,其评价的企业社会责任报告反映的年度为2008—2015年。以此为基础,我们删除了在2008—2015年间存在控制变量缺失值的样本664个,删除了金融保险类的公司样本242个,最后得到3 816个样本。
[2]沈洪涛.公司特征与公司社会责任信息披露——来自我国上市公司的经验证据[J].会计研究,2007(3):9-16,93.
[3]马连福,赵颖.上市公司社会责任信息披露影响因素研究[J].证券市场导报,2007(3):4-9.
[4]Campbell J L. Why would Corporations Behave in Socially Responsible Ways? An Institutional Theory of Corporate Social Responsibility[J]. Academy of Management Review,2007,32(1):946-967.
[5]肖作平,杨娇.公司治理对公司社会责任的影响分析——来自中国上市公司的经验证据[J].证券市场导报,2011(6):34-40.
[6]蒋尧明,郑莹.企业社会责任信息披露高水平上市公司治理特征研究——基于2012年沪市A股上市公司的经验证据[J].中央财经大学学报,2014(11):52-59.
[7]Zyglidopoulos S C,Georgiadis A P,Carroll C E,et al. Does Media Attention Drive Corporate Social Responsibility?[J].Journal of Business Research,2012,65(11):1622-1627.
[8]陶莹,董大勇.媒体关注与企业社会责任信息披露关系研究[J].证券市场导报,2013(11):20-26,33.
[9]谭雪.行业竞争、产权性质与企业社会责任信息披露——基于信号传递理论的分析[J].产业经济研究,2017(3):15-28.
[10]Thomas A S,Simerly R L. Internal Determinants of Corporate Social Performance:The Role of Top Managers[J]. Academy of Management Proceedings,1995(1):411-415.
[11]孙德升.高管团队与企业社会责任:高阶理论的视角[J].科学学与科学技术管理,2009(4):188-193.
[12]张正勇,吉利.企业家人口背景特征与社会责任信息披露——来自中国上市公司社会责任报告的经验证据[J].中国人口.资源与环境,2013(4):131-138.
[13]黄荷暑,周泽将.女性高管、信任环境与企业社会责任信息披露——基于自愿披露社会责任报告A股上市公司的经验证据[J].审计与经济研究,2015(4):30-39.
[14]陈浩,刘春林,鲁悦.政治关联与社会责任报告披露[J].山西财经大学学报,2018,40(4):75-85.
[15]Abrahamson E,Hambrick D C. Attentional Homogeneity in Industries:The Effect of Discretion[J]. Journal of Organizational Behavior,1997(18):513-532.
[16]Zhang J,Kong D,Wu J. Doing Good Business by Hiring Directors with Foreign Experience[J]. Journal of Business Ethics,2016:1-18.
[17]文雯,宋建波.高管海外背景与企业社会责任[J].管理科学,2017(2):119-131.
(1)2009—2016年润灵环球对中国企业社会责任报告评价的样本总数为4 722个,其评价的企业社会责任报告反映的年度为2008—2015年。以此为基础,我们删除了在2008—2015年间存在控制变量缺失值的样本664个,删除了金融保险类的公司样本242个,最后得到3 816个样本。