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分析师覆盖范围如何影响企业社会责任 (CSR)? 基于治理和信息的观点
1Sinopec Marketing Shandong Company, Jinan, Shandong, China.
PloS one
|April 29, 2024
概括
更多的分析师覆盖范围鼓励中国企业提高企业社会责任 (CSR). 强有力的治理和不良的信息环境加剧了这种影响,提高了企业社会责任的知名度和声誉.
科学领域:
- 经济学 经济学 经济学
- 工商管理 工商管理
- 公司治理 公司治理
背景情况:
- 分析师覆盖是一个关键的外部监控机制.
- 企业社会责任 (CSR) 对企业的合法性和声誉越来越重要.
- 了解新兴市场中企业社会责任的驱动因素仍然至关重要.
研究的目的:
- 调查金融分析师覆盖范围对中国公共制造业公司企业社会责任 (CSR) 的影响.
- 检查治理和信息环境如何调节分析师覆盖范围和企业社会责任之间的关系.
主要方法:
- 使用中国公共制造企业样本的实证分析.
- 回归分析用于评估分析师覆盖范围和CSR之间的关系.
- 调节分析以探索治理和信息条件的作用.
主要成果:
- 增加分析师覆盖率与更高的企业社会责任水平有关.
- 在高度治理 (例如,高机构所有权,没有CEO二元性) 和低信息透明度 (例如,高收益管理,低会计保守主义) 的条件下,分析师对企业社会责任的积极影响更为强烈.
结论:
- 分析师覆盖范围通过增加可见性和利益相关者的关注来提高企业社会责任,特别是在内部控制较弱或信息不对称的环境中.
- 调查结果强调了信息中介机构和治理结构在在不完善的信息环境中促进企业社会责任方面的重要性.
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