社会责任信息披露能否助力企业高质量发展--基于链式多重中介效应分析  

Can Social Responsibility Information Disclosure Facilitate a High-Quality Corporate Development:The Analysis Based on Multiple Chained Mediation Effect

作　　者：李新海[1] 冯志威 LI Xinhai;FENG Zhiwei(School of Accounting,Harbin University of Commerce,Harbin 150028,China;Mehow Innovative(Huizhou)Co.Ltd.,Huizhou Guangdong 516082,China)

机构地区：[1]哈尔滨商业大学会计学院,黑龙江哈尔滨150028 [2]惠州市美好创亿医疗科技有限公司,广东惠州516082

出　　处：《湖南工业大学学报》2024年第5期84-95,共12页Journal of Hunan University of Technology

基　　金：黑龙江省哲学社会科学研究规划基金资助项目(20GLE392)。

摘　　要：基于信息不对称等理论,以我国2011—2021年沪深A股上市企业为研究对象,采用链式多重中介效应模型,探讨社会责任信息披露对企业高质量发展的作用机制。结果表明,社会责任信息披露可通过融资约束和绿色创新间接影响企业高质量发展,其并行、链式中介效应均表现为显著的促进效应;进一步通过异质性检验发现,社会责任信息披露对企业高质量发展的促进作用在重污染企业、民营企业、两职分离企业以及应规披露企业中更为显著;研究结果为社会责任信息披露是实现企业高质量发展的重要因素提供了证据,有助于增进对二者间作用关系的理解,丰富了企业高质量发展的路径研究。Based on the theory of information asymmetry,taking Chinese A-share listed companies in Shanghai and Shenzhen from 2011 to 2021 as the research object,an inquiry has been made into the mechanism of social responsibility information disclosure on the high-quality corporate development by using the chain multiple mediation effect model.The results indicate that social responsibility information disclosure exerts an indirect influence on the high-quality corporate development through financing constraints and green innovation,with its parallel and chain mediation effects being significant promoting effects.A further heterogeneity testing reveals that there is a more significant promotion effect of social responsibility information disclosure on high-quality corporate development in heavily polluting enterprises,private enterprises,separated enterprises,and compliant disclosure enterprises.The research findings provide evidence that social responsibility information disclosure,as an important factor in achieving high-quality corporate development,helps to enhance the understanding of the relationship between the two,thus enriching the research on the path of high-quality corporate development.

关 键 词：社会责任信息披露 高质量发展 融资约束 绿色创新 

分 类 号：F270[经济管理—企业管理]