Government Subsidies,Auditor Industry Expertise And Corporate Social Responsibility Information Disclosure

In recent years,corporate social responsibility issues such as food safety and environmental protection have become more and more serious,causing a large number of media,consumers and investors to pay attention to enterprises.The Shenzhen Stock Exchange is at the forefront of the system,requiring companies in the "Shenzhen 100 Index" to disclose social responsibility reports,further reducing the degree of information asymmetry,and striving to ensure the smooth operation of the market.However,enterprises that disclose social responsibility reports in the Chinese market only account for about 30%of the total number of listed enterprises,and the overall willingness to disclose is low.Based on the above phenomenon,through reviewing the existing literature,it is found that the foothold of the literature is mostly in the aspect of corporate social responsibility,and a few studies on corporate disclosure of social responsibility information focus on the economic consequences and alleviation of financing constraints,and few scholars pay attention to it.The influence of government subsidies,an external factor that the government invests heavily every year,on corporate disclosure of social responsibility information.Therefore,this thesis mainly studies the influence mechanism of government subsidies on the willingness and quality of corporate disclosure of social responsibility information,and introduces auditor industry expertise to explore whether it can promote the relationship between government subsidies and corporate disclosure willingness and quality.This thesis selects the data of A-share heavily polluting enterprises from 2008 to 2018 as the total sample,puts forward research hypotheses based on relevant literature and theoretical basis,conducts empirical tests,and verifies the robustness of the empirical results by replacing variables and other methods.Meanwhile,in the further analysis section,this thesis uses the nature of property rights,the type of government subsidies,the level of professional expertise of auditors,and the type of corporate disclosure of social responsibility reports as the basis for grouping,so as to further enrich the research results.The research results show that government subsidies can significantly improve the willingness and quality of corporate social responsibility information disclosure;auditor industry expertise can promote the willingness and quality of corporate social responsibility information disclosure,which has a more significant role in promoting corporate disclosure willingness;auditor industry expertise can play a positive moderating role in the relationship between government subsidies and corporate social responsibility information disclosure willingness and quality.On the one hand,auditors with industry expertise understand specific industry knowledge such as industry characteristics and industry regulatory environment,and have the ability to require heavy polluting enterprises to disclose social responsibility information;on the other hand,auditors with industry expertise are easier to identify with their professional capabilities In order to reduce the audit risk and maintain its own reputation,it is motivated to actively restrict enterprises to disclose high-quality social responsibility information.In summary,in order to improve the willingness and quality of corporate social responsibility information disclosure,this thesis proposes the following recommendations based on the research conclusions:(1)Establish an effective social responsibility information disclosure system and establish a clear evaluation system,and lay a foundation for the supervision of corporate social responsibility information disclosure.(2)Reasonably allocate government subsidies according to the types of government subsidies,optimize resource allocation,and improve the utilization efficiency of government subsidies.(3)Multi-party cooperation promotes the process of corporate disclosure of social responsibility,helps enterprises improve the awareness of social responsibility information disclosure,and forms internal incentives.(4)Continue to support the firm’s development concept of "bigger and stronger",increase the investment in training auditors’ expertise in the industry,enhance the role of external governance,and shape the brand of local accounting firms.