本文關(guān)鍵詞：會(huì)計(jì)穩(wěn)健性、公益性捐贈(zèng)與企業(yè)可持續(xù)發(fā)展——來(lái)自中國(guó)A股市場(chǎng)的經(jīng)驗(yàn)證據(jù)　出處：《現(xiàn)代財(cái)經(jīng)(天津財(cái)經(jīng)大學(xué)學(xué)報(bào))》2017年08期 　論文類型：期刊論文

  更多相關(guān)文章： 會(huì)計(jì)穩(wěn)健性 社會(huì)責(zé)任 公益性捐贈(zèng) 企業(yè)可持續(xù)發(fā)展 因子分析

【摘要】：選取2008-2015年滬深A(yù)股9 450個(gè)公司年度數(shù)據(jù)作為樣本,對(duì)會(huì)計(jì)穩(wěn)健性、公益性捐贈(zèng)與企業(yè)可持續(xù)發(fā)展三者之間的關(guān)系進(jìn)行了研究。結(jié)果表明:(1)公益性捐贈(zèng)能夠促進(jìn)企業(yè)的可持續(xù)發(fā)展;(2)在"檸檬市場(chǎng)"環(huán)境下,會(huì)計(jì)穩(wěn)健性水平高的企業(yè)內(nèi)在價(jià)值被低估,會(huì)計(jì)穩(wěn)健性弱化了公益性捐贈(zèng)與企業(yè)可持續(xù)發(fā)展二者之間的正相關(guān)關(guān)系;考慮到國(guó)有企業(yè)市場(chǎng)化程度更低,進(jìn)一步區(qū)分產(chǎn)權(quán)性質(zhì),進(jìn)行分組檢驗(yàn)結(jié)果表明,上述弱化效應(yīng)在國(guó)有企業(yè)中表現(xiàn)更為顯著,而非國(guó)有企業(yè)這種弱化關(guān)系表現(xiàn)并不顯著。這表明現(xiàn)階段公益性捐贈(zèng)已經(jīng)發(fā)揮了促進(jìn)企業(yè)可持續(xù)發(fā)展的"正效應(yīng)",但是會(huì)計(jì)穩(wěn)健性的信息含量還未被資本市場(chǎng)參與各方主體充分解讀。
[Abstract]:The annual data of 9,450 companies of Shanghai and Shenzhen A-shares from 2008 to 2015 are selected as samples to analyze accounting conservatism. The relationship between public welfare donation and enterprise sustainable development is studied. The result shows that public welfare donation can promote the sustainable development of enterprise. 2) under the environment of "lemon market", the internal value of enterprises with high level of accounting conservatism is underestimated, and accounting conservatism weakens the positive correlation between public welfare donation and sustainable development of enterprises; Taking into account the lower degree of marketization of state-owned enterprises, further distinguish the nature of property rights, the results of grouping test show that the weakening effect is more significant in state-owned enterprises. However, the weakening relationship of non-state-owned enterprises is not remarkable, which indicates that public welfare donation has played a positive effect in promoting the sustainable development of enterprises. However, the information content of accounting conservatism has not been fully interpreted by the parties involved in the capital market.
【作者單位】： 安徽工業(yè)大學(xué)商學(xué)院;
【基金】：國(guó)家社會(huì)科學(xué)基金項(xiàng)目(13BGL049;14BJY015)
【分類號(hào)】：C913.7;F275;F832.51
【正文快照】： 一、引言2016年初“魏則西”事件爆發(fā)后,百度公司被置于風(fēng)口浪尖,作為全球知名的互聯(lián)網(wǎng)公司,百度一味追求搜索排名廣告收入,忽視了社會(huì)責(zé)任的履行�！拔簞t西”事件后,百度面臨有史以來(lái)最大規(guī)模的用戶信用危機(jī)以及法律懲處,客戶與廣告收入大幅度減少,公司股票市值嚴(yán)重縮水。同

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