本文選題：企業(yè)社會責(zé)任信息的質(zhì)量 + 分析師關(guān)注度��； 參考：《北京交通大學(xué)》2017年碩士論文

【摘要】：資本市場波云詭譎,在復(fù)雜多變的資本市場環(huán)境下,投資者的信息接收不斷受到外部環(huán)境的沖擊,上市公司披露的常規(guī)信息和各種機構(gòu)的分析預(yù)測信息充斥在市場的信息大環(huán)境中,多樣化的信息給了信息需求者更多的選擇參考。而分析師作為資本市場中的中介機構(gòu),通過不斷收集和傳播有效的預(yù)測信息來提高市場效率,進(jìn)行專業(yè)地分析判斷,其發(fā)布的研究報告對投資者來說具有相當(dāng)?shù)膮⒖純r值。資本市場任何風(fēng)吹草動都能左右分析師的專業(yè)判斷,那么企業(yè)社會責(zé)任報告作為非財務(wù)信息的一項重要指標(biāo),其披露是否能夠在一定程度上補充財務(wù)信息的缺陷,并且引發(fā)分析師關(guān)注,是否能夠助推分析師的專業(yè)判斷,從而促使其研報傳遞出更準(zhǔn)確的信息,這是本文研究的重點。本文主要從上市公司非財務(wù)信息的披露的動機、內(nèi)容及其產(chǎn)生的影響,企業(yè)社會責(zé)任報告的發(fā)展、動機、內(nèi)容及其產(chǎn)生的經(jīng)濟影響,分析師盈余預(yù)測的有效性、影響因素等方面對國內(nèi)外學(xué)者已有的研究進(jìn)行回顧,并通過相關(guān)理論佐證觀點,在理論的基礎(chǔ)上作出了初步的假設(shè),并進(jìn)行研究分析。本文從滬深兩市A股提取總體樣本,從總體情況、披露質(zhì)量、行業(yè)差異、產(chǎn)權(quán)性質(zhì)、內(nèi)容闡述等方面,對我國上市公司企業(yè)社會責(zé)任報告的披露情況進(jìn)行全面分析,并在樣本中選取美的集團和上汽集團作為切入點,分析企業(yè)在社會責(zé)任履行和披露等方面的時代變遷,初步分析其履行社會責(zé)任披露企業(yè)社會責(zé)任報告對分析師盈余預(yù)測的影響,并從實證方法探討企業(yè)社會責(zé)任和分析師關(guān)注度、分析盈余預(yù)測準(zhǔn)確性之間存在的普遍聯(lián)系,同時引入新的角度,從產(chǎn)權(quán)性質(zhì)的角度入手,考慮不同產(chǎn)權(quán)性質(zhì)對盈余預(yù)測的影響,研究不同產(chǎn)權(quán)性質(zhì)下,企業(yè)社會責(zé)任信息的履行和披露情況對證券分析師盈利預(yù)測的影響是否具有顯著區(qū)別,來進(jìn)一步探究我國社會責(zé)任報告的信息價值及經(jīng)濟后果,以及作為重要非財務(wù)信息的企業(yè)社會責(zé)任履行情況的披露是否在一定程度上改善了我國資本市場的信息環(huán)境,具有較強的理論和現(xiàn)實意義。
[Abstract]:In the complex and changeable capital market environment, the information reception of investors is constantly affected by the external environment. The conventional information disclosed by listed companies and the analysis and prediction information of various institutions are flooded in the information environment of the market. The diversified information gives the information demanders more choices and references. As an intermediary in the capital market, analysts improve market efficiency by constantly collecting and disseminating effective forecasting information, and conduct professional analysis and judgment. The research report released by the analyst has considerable reference value for investors. Any fuss in the capital market can influence the professional judgment of analysts. Well, as an important indicator of non-financial information, can the disclosure of corporate social responsibility reports supplement the defects of financial information to a certain extent? And the focus of this paper is whether analysts are concerned about whether they can boost analysts' professional judgment, and thus drive their research papers to deliver more accurate information. This article mainly from the listed companies non-financial information disclosure motivation, content and its impact, corporate social responsibility report development, motivation, content and its economic impact, the effectiveness of the analyst earnings forecast, The influence factors and other aspects of the domestic and foreign scholars have been reviewed, and through the relevant theoretical support point of view, on the basis of the theory made a preliminary hypothesis, and research and analysis. This paper takes a total sample from Shanghai and Shenzhen A-shares, and analyzes the disclosure of corporate social responsibility reports of listed companies in China from the aspects of overall situation, disclosure quality, industry difference, property right nature, content elaboration and so on. And in the sample selected Midea and SAIC Group as the entry point to analyze the corporate social responsibility performance and disclosure of the times of change, This paper preliminarily analyzes the impact of CSR disclosure on the earnings forecast of analysts, discusses the relationship between CSR and analyst's attention, and analyzes the general relationship between the accuracy of CSR and the accuracy of earnings forecasting. At the same time, by introducing a new angle, starting with the property right, considering the influence of different property right on earnings prediction, the paper studies the different property right. Whether there are significant differences between the performance and disclosure of CSR information on the earnings forecast of securities analysts, in order to further explore the information value and economic consequences of CSR reports in China. Whether the disclosure of corporate social responsibility, as an important non-financial information, improves the information environment of our country's capital market to a certain extent, has strong theoretical and practical significance.
【學(xué)位授予單位】：北京交通大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F270;F275

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