区域文化对企业社会责任信息披露质量的影响——来自中国上市公司的证据

Impact of Regional Culture on Information Disclosure of Corporate Social Responsibility:Evidence from China's Listed Companies

中文关键词:  区域文化  制度环境  非正式制度  企业社会责任  信息自愿披露  信息披露质量

英文关键词:regional culture  institutional environment  informal institution  corporate social responsibility (CSR)  voluntary disclosure  information disclosure quality

中文摘要:

      作为一种非正式制度,区域文化对企业信息披露质量具有重要影响。以2009—2016年我国A股上市公司为研究对象,实证考察了不同地区的文化差异如何影响企业社会责任信息披露质量。研究发现,我国不同地区的区域文化特征和文化差异对上市公司社会责任信息披露质量具有显著影响。具体表现为:一个地区的文化对权利差距的接受程度越高,企业社会责任信息披露质量越低；地区文化以绩效为导向的程度越高,上市公司社会责任信息披露质量则越低；地区文化越强调性别平等,上市公司社会责任信息披露质量则越高。研究结论对深入理解制度与企业信息披露质量具有重要启示。

英文摘要:

      As a kind of informal institutions, regional culture has significant impact on the quality of firm's information disclosure. Using the A-share listed companies in China during the years from 2009 to 2016 as research sample, this paper investigates the significant influence of different regional cultures on the quality of information disclosure of Corporate Social Responsibility (CSR). Specifically speaking, if regional culture is more tolerant to power distance, the quality of CSR information disclosure is lower in the area. If regional culture is more performance-oriented, the quality of CSR information disclosure is lower in the area. If regional culture focuses more on gender equality, the disclosure quality of CSR is higher in the area. The findings in this paper are significantly enlightening to the deep understanding of relationship between informal institutions and firm's information disclosure quality.