Sustainable strategy for corporate governance based on the sentiment analysis of financial reports with CSR  

作　　者：Yuan Song Hongwei Wang Maoran Zhu 

机构地区：[1]School of Economics and Management,Tongji University,Shanghai 200092,China

出　　处：《Financial Innovation》2018年第1期30-43,共14页金融创新（英文）

基　　金：National Natural Science Foundation of China(No.71371144,71601119,71771177).

摘　　要：Focusing only on shareholders’financial return is not consistent with the concept of sustainable corporate governance.In contrast to financial performance,corporate social responsibility(CSR)is a non-financial performance index.Financial reports consist of both financial and non-financial disclosures.These disclosures help investors make decisions.This paper characterizes the interaction between the sentiment analysis of financial reports and CSR scores.The classification accuracy through SVM exceeds 86%.The empirical study shows that the financial report sentiment based on the PESTEL model,Porter’s Five Forces model,and Value Chain(Primary and Support Activities)significantly correlates to the CSR score.

关 键 词：Financial report CSR score Sentiment analysis Object library 

分 类 号：F27[经济管理—企业管理]