Research On The Governance Effect Of Corporate Social Responsibility On Accounting Information Quality

Enterprises raise debt capital and equity capital by providing accounting information,the external stakeholders for the future cash flow quantity,time and uncertainty are evaluated by using the accounting information in the earnings information,and take this as their investment and credit decisions,which makes the accounting information in the enterprise and its external stakeholders through the ditch process plays an important role.Therefore,for the shareholders,the accounting information disclosed by the company should have the same importance as the employees,customers and the community.In recent years,the outbreak of a series of accounting fraud scandal makes the issue of corporate financial accountability not only caused a heated debate in the academic community,but also by the government,the media and the whole society.People blamed it on the corruption of corporate ethics and the lack of social responsibility,but also pointed to the defects of corporate governance.With the deepening of the research on the issues of corporate social responsibility and corporate governance,scholars have gradually begun to try to incorporate corporate social responsibility into corporate governance mechanism and rely on corporate governance to ensure that corporate social responsibility can play a governance role,And then constrain accounting fraud and earnings manipulation,to achieve the improvement of accounting information quality.At present,foreign scholars on the impact of corporate social responsibility on the accounting information quality has made some research results.However,the research on the related problems of corporate social responsibility in China started relatively late,combining corporate social responsibility with fiduciary financial responsibility and the research on the governance effect of corporate social responsibility is still rare.In addition,the research on the governance effect of corporate social responsibility on the accounting information quality is not concerned with the influence of corporate governance.To this end,this paper first of all domestic and foreign corporate social responsibility and accounting information quality of the relevant research results were sorted out and reviewed,clear the perspective of research issues.Secondly,from the perspective of different industry and regional differences,the listed companies to carry out the status of corporate social responsibility analysis,and focus on corporate social responsibility from the perspective of economic reasons,the listed companies bear social responsibility motivation were discussed.Furthermore,the governance effect of corporate social responsibility on the accounting information quality is investigated from the perspective of reliability,relevance,conservatism and timeliness of the four accounting information quality characteristics and the corresponding corporate governance elements.Finally,according to the conclusion of this paper,the corresponding policy recommendations are put forward.Through the above research,the main conclusions drawn in this paper are:(1)In the analysis of the present situation and motivation of corporate social responsibility of listed companies in our country,it is found that the high proportion of corporate social responsibility in China is mainly concentrated in the government control industry.The score of corporate social responsibility performance in all industries can show different degrees of growth in each year.The proportion of corporate social responsibility in each region has become stable in each region,and the performance score of corporate social responsibility in each region can show a trend of increasing year by year.Forced disclosure of listed companies because of a high level of internal and external corporate governance mechanism,therefore,its commitment to social responsibility is mainly driven by value-driven strategic motivation.In the voluntary disclosure of listed companies in the vast majority of listed companies are able to continue to bear social responsibility,which showed a high sense of social responsibility,which shows that voluntary disclosure of listed companies,is also driven by value-driven strategic and social responsibility.(2)In the study of the relationship between corporate social responsibility and accounting information reliability,as well as the interaction between ownership structure management and corporate social responsibility on accounting information reliability,found that there is a positive correlation between corporate social responsibility and accounting information reliability,namely the better corporate social responsibility,the higher accounting information reliability,and provide the empirical evidence for the financial report users to judge accounting information reliability,in addition,there is a complementary effect between the mutual influence of ownership structure management and corporate social responsibility on accounting information reliability,and provide guidance and reference for the listed companies to establish a reasonable mechanism of ownership structure management.(3)In the study of the relationship between corporate social responsibility and accounting information relevance,as well as the influence of management incentive on the relationship between corporate social responsibility and accounting information relevance,found that there was a positive correlation between corporate social responsibility and accounting information relevance,namely the better corporate social responsibility,the stronger accounting information relevance,the more evidence it provides for investors to judge the predictive value of accounting information.In addition,management incentive on the positive relationship between corporate social responsibility and accounting information relevance is the inverted U-shaped regulation,which provides guidance for the listed companies to develop the management incentive policy and choose the social responsibility strategy.(4)In the study of the relationship between corporate social responsibility and accounting conservatism,as well as the interaction between debt financing governance and corporate social responsibility on accounting conservatism,it is found that there is a positive correlation between corporate social responsibility and accounting conservatism,namely the better corporate social responsibility,the more inclined to choose a sound accounting policy for listed companies to improve accounting conservatism of the governance mechanism to provide guidance and reference.In addition,there is a complementary effect between the mutual influence of debt financing governance and corporate social responsibility on accounting conservatism,which provides a new solution for the security of creditors' guarantee funds.(5)In the study on the relationship between corporate social responsibility and annual report disclosure timeliness,as well as the interaction between legal standard of the area to which the enterprise belongs and the corporate social responsibility on annual report disclosure timeliness,found that there was a positive correlation between corporate social responsibility and annual report disclosure timeliness,namely the better corporate social responsibility,the annual report of the shorter time delay.In addition,there is a complementary effect between the mutual influence of legal standard of the area and the corporate social responsibility on annual report disclosure timeliness.It provides a decision-making reference for the relevant policy-making departments to promote the social responsibility of listed companies and strengthen the sense of social responsibility of listed companies.Based on the theoretical analysis and empirical research results of corporate social responsibility on accounting information quality,this paper concludes with the following policy recommendations: The government should clarify its own responsibilities in the construction and development of corporate social responsibility,and use the guidance as the main intervention supplement the way to promote corporate social responsibility;improve corporate social responsibility legal security system,establish a comprehensive system of supervision and punishment mechanisms to protect the real corporate social responsibility behavior;to strengthen corporate social responsibility propaganda,for the better performance of social responsibility of the enterprise to establish a model of corporate citizenship image,and then gradually lead the whole society to assume social responsibility of all enterprises.Enterprises should be corporate social responsibility into the corporate governance mechanism;optimize the ownership structure,establish a reasonable balance of equity relations,strengthen the ownership structure management,in order to give full play to the corporate social responsibility governance effect;actively promote the management incentive mechanism,but also The rationality of the management incentive plan to conduct more in-depth thinking to ensure the realization of the role of corporate social responsibility governance;the appropriate introduction of debt financing,play a camera governance mechanism to improve the corporate social responsibility.