دانلود رایگان مقاله آیا مسئولیت اجتماعی می تواند ریسک عملیاتی را کاهش دهد: تحلیل تجربی شرکت های چینی ذکر شده

عنوان فارسی
آیا مسئولیت اجتماعی می تواند ریسک عملیاتی را کاهش دهد: تحلیل تجربی شرکت های چینی ذکر شده
عنوان انگلیسی
Can social responsibility reduce operational risk: Empirical analysis of Chinese listed companies
صفحات مقاله فارسی
0
صفحات مقاله انگلیسی
10
سال انتشار
2016
نشریه
الزویر - Elsevier
فرمت مقاله انگلیسی
PDF
کد محصول
E4674
رشته های مرتبط با این مقاله
حسابداری و مدیریت
مجله
پیش بینی فنی و تغییر اجتماعی - Technological Forecasting & Social Change
دانشگاه
یک موسسه حسابداری شانگهای، چین
کلمات کلیدی
مسئولیت اجتماعی، ریسک عملیاتی، افشای اطلاعات، رشد پایدار
چکیده

abstract


After 30 years of rapid development, China has made great strides in economic growth but at the expense of high environmental and social costs. Listed companies should fulfill their social responsibilities not only to meet the expectations of stakeholders but also to improve management effectiveness, cultivate competitive advantage, create a good image, and achieve sustainable development. Because the influence of corporate social responsibility is expanding gradually in China, the relationship among listed companies’ fulfillment of social responsibilities, information disclosure, and operational risk needs to be explored further. This study uses data on Chinese A-share listed companies from 2007 to 2009 and makes four main findings. First, listed companies improving their social responsibilities fulfillment face significantly lower operational risk. Second, listed companies publishing independent social responsibility reports face significantly increased operational risk. Third, high risk companies improving social responsibility fulfillment can significantly reduce their operational risk, while publishing independent social responsibility reports leads to significantly increased operational risk. Finally, low risk companies improving their social responsibilities fulfillment and publishing independent social responsibility reports experience changes in operational risk; however, the direction of the change varies by company. Companies with different operational risk have different effect because the company's majority shareholder is individual who lack of distinguishing news ability and CSR format is unified that is not enough to emphasize important disclosure issues.

نتیجه گیری

5. Conclusions and implications


This study uses data on Chinese A-share listed companies from 2007 to 2009 as the sample and adopts annual income volatility and operating leverage as the operational risk measures. We analyze the influence of social responsibility and disclosing relevant information on operational risk. We show that companies that improve their social responsibilities fulfillment significantly reduce operational risk; the better CSR fulfillment, the lower is operational risk. Moreover, listed companies publishing independent social responsibility reports face slightly higher operational risk regardless of whether publishing an independent social responsibility report affects the company's operational risk.


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