| 摘要(英) |
In recent years, a series of corporate scandals, financial fraud, labor disputes, environmental pollution and other negative issues have occurred globally. These issues not only affect the image and reputation of corporations, but also highlight the importance of corporate accountability to society. Against this backdrop, the concept of Corporate Social Responsibility (CSR) has gradually garnered attention from the public and recognition from corporations. Government bodies are also increasingly focusing on sustainable development, and many corporations have voluntarily disclosed their CSR practices to win the trust of the public and stakeholders. However, under such a system, some companies may overemphasize their CSR performance to enhance their social legitimacy, which could also compromise the quality and completeness of their CSR disclosure.
This paper sets out to explore the influence of company size and age on the truthfulness of CSR disclosure from the perspective of false CSR disclosure. Our sample consists of listed companies in our country that have fulfilled social responsibility as reported in their annual reports from 2014 to 2021, totaling 7,289 observations. The empirical results show that the larger the company, the less likely it is to have false CSR disclosures; the older the company, the less likely it is to have false CSR disclosures. In addition, the supplementary empirical analysis of this study found that, relative to sensitive industries, the correlation between company size and the truthfulness of CSR disclosure is more noticeably inverse in general industries.
The results of this study can serve as references for shareholders and stakeholders in evaluating corporate value and making investment or economic decisions. It could also provide legislators with insights into whether more detailed and stricter standards should be established for reporting on the implementation of sustainable development and the discrepancies between the practical code of sustainable development of listed companies in their annual reports, thereby ensuring the completeness and authenticity of its content. |
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