The Research On The Relationship Between Social Responsibility Information Disclosure And Earnings Management Of Listed Companies

Since China’s market-oriented reform,the market has given full play to its basic role in allocating resources,and either the economic or social development has made brilliant achievements.At the same time,the scale and quantity of our enterprises have also been developed to varying degrees,and the proportion of Listed Companies in our market has increased year by year.However,with the successive exposure of many financial scandals,the public’s attention to listed companies is also increasing step by step.People pay more and more attention to the reliability of earnings information of listed companies,and the social image of enterprises has been widely questioned.As an important part of social development,fulfilling corporate social responsibility and disclosing social responsibility information can help enterprises establish a good social image and win public trust.But behind this starting point,the motivation of enterprise undertaking its responsibilities is hard to be confirmed.Whether is it for the sake of using social responsibility to cover up earnings management,or for moral self-discipline to take the initiative to undertake its responsibilities?What is the relationship between social responsibility and earnings management?What is the quality of social responsibility information disclosed by different enterprises?Based on the above questions,this paper chooses Shanghai and Shenzhen A-share listed companies from 2014 to 2016 as samples,and divides them into state-owned and non-state-owned groups according to the nature of property rights.With the guidance of stakeholder theory,principal-agent theory,corporate social responsibility theory and earnings management theory,this paper takes earnings management of listed companies as the research object by combining normative research with empirical research.In this paper,three groups of hypotheses are put forward on the quality of social responsibility information,earnings management level and the relationship between social responsibility and earnings management among listed companies with different property rights.The hypotheses are tested empirically with the help of Excel and SPSS 20.0 software.The possible innovation of this paper is to divide the selected sample data into non-state-owned group and state-owned group according to the unique economic system background of our country,and to compare and analyze the quality of social responsibility information,earnings management degree and the correlation between social responsibility information quality and earnings management.Through empirical research,this paper finds that the quality of social responsibility information of state-owned listed companies is higher than that of non-state-owned listed companies,and the degree of earnings management of state-owned listed companies is lower than that of non-state-owned listed companies.Social responsibility is negatively related to earnings management.