Economic Correlation between social responsibility information disclosure and enterprise value: Empirical Evidence based on Logistic Model

摘要

The relationship between social responsibility information disclosure and corporate value is controversial. This article uses financial indexes to construct a logistic regression economic model to measure the ratio between social responsibility information disclosure and corporate financial indicators, and to empirically test the synergy between corporate performance and social responsibility information disclosure degree. This paper sorted out a total of 1189 sample companies by hand and studied the logistic model with SPSS software. It was found that, compared with companies that do not disclose social responsibility information, the disclosure of social responsibility information promotes the increase of corporate value. This paper further introduces earnings management variables into the model to test. Listed companies with higher earnings management are more motivated to disclose social responsibility information. Listed companies with lower earnings management have greater corporate value than listed companies with higher earnings management. This article has enriched the research in the field of corporate value, and constructed a specific economic model between social responsibility information disclosure, earnings management and corporate value, and provided a reference for the supervision of the capital market by relevant departments.