企业社会责任报告与债务资本成本——来自中国A股市场的经验证据

被引:43
作者
王建玲
李玥婷
吴璇
机构
[1] 西安交通大学管理学院
关键词
企业社会责任报告; 信息披露; 债务资本成本;
D O I
10.13781/j.cnki.1007-9556.2016.07.010
中图分类号
F275 [企业财务管理]; F832.51 [];
学科分类号
摘要
使用2010-2013年中国A股上市公司的数据,实证检验了社会责任报告与债务资本成本的关系。研究结果表明:上市公司发布社会责任报告有助于降低债务资本成本,并且具有"首次披露"效应;社会责任报告对债务资本成本的负向影响关系在非国有企业与非环境敏感行业中表现得更为显著;社会责任报告的质量越高,越有助于企业降低债务资本成本。
引用
收藏
页码:113 / 124
页数:12
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