Research On The Relationship Between Accounting Conservatism And Corporate Social Responsibility Information Disclosure

In recent years,China has made great achievements in economic development and infrastructure construction,but there have also been many social problems during the period of economic transformation,especially social responsibility issues such as environmental pollution,human rights abuse,and excessive resource development.In order to solve these problems,the government has also introduced laws and regulations and policies,and now more and more enterprises have begun to pay attention to the implementation and disclosure of social responsibility.Among the top 500 corporate charities in 2018,Evergrande Group ranked first with 4.181 billion yuan,and public welfare investment of top 500 enterprises totaled 27.562 billion yuan,accounting for 3.85 million of its operating income,which is already at a relatively high level.However,there are also some large enterprises that have invested little in public welfare undertakings.Some enterprises have seriously polluted the environment due to pollution discharge.The safety hazards of factory buildings have caused frequent accidents,and enterprises have implemented the 996 and 712 systems that seriously violate labor laws.These companies are in the same legal and social environment,and their performance in social responsibility is very different.This leads to a question.What motivation is the company's performance and disclosure of social responsibility?What factors are affected by it?At present,many scholars at home and abroad have explored this issue and explained the internal driving factors and external drivers,including institutions,socially responsible investors,other stakeholders and so on.This article is more inclined to consider issues from the management's point of view,thinking about what will affect management's decision to implement and disclose social responsibility.Considering that accounting conservatism and corporate social responsibility information disclosure(CSR)are both for stakeholders,they all affect the reputation of the company,and both are management's strategic choices.It is speculated that there is a certain correlation between the two,so this paper chooses from From the perspective of accounting conservatism,it explores the motivation of enterprises to disclose social responsibility information.This paper uses the data of Shanghai and Shenzhen A-share listed companies in 2008-2015 to test the correlation between accounting conservatism and corporate social responsibility information disclosure(CSR).The results show that there is a significant negative correlation between accounting conservatism and CSR,indicating that accounting conservatism has a negative impact on CSR.Companies with poor accounting stability have a tendency to strengthen CSR.This is in line with the use of CSR to enhance corporate reputation.Covering the quality of financial information,and accounting conservatism is related to impression management behavior.Further research found that this relationship is more significant in non-heavy polluting industries and international big four auditors.Relatively speaking,the accounting conservatism of heavily polluting industries has less impact on CSR,and enterprise accounting audited by international big four auditors.Robustness has a greater impact on CSR.In the group test,this paper finds that with the increase of accounting conservatism,the impact of accounting conservatism on CSR has been weakened,which may be related to the weakening of the motivation of enterprises to cover up the quality of financial information with the increase of accounting conservatism.The adjustment effect of the international big four auditors and heavy pollution industries on the main hypothesis is also different in the high and low grouping of different accounting conservatism.The article expands the research on CSR motivation in the existing literature,and proves that when the accounting stability is low and the financial information quality is not high,the CSR may be improved based on the motivation to maintain reputation and transfer stakeholders'concerns,and found this correlation is the difference between the international big four auditors and the non-four audits,heavy polluting industries and non-heavy polluting industries.The conclusion of the article is expected to supplement the CSR motivation theory,and also enrich the research on the relationship between accounting robustness and CSR,and provide more evidence from emerging countries for CSR related theoretical research.In addition,the article also strives to provide a reference for the government to regulate and supervise corporate fulfillment and disclosure of social responsibility,and to provide some suggestions for stakeholders to read and use social responsibility reports.