東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Linked to FindBook

Google Book

Amazon

博客來

企业社会责任与股价崩盘风险: 以港股上市公司为例 = = Corporate Social Responsibility and Stock Price Crash Risk: Evidence from Companies Listed in Hongkong Stock Exchange.

Record Type:	Electronic resources : Monograph/item
Title/Author:	企业社会责任与股价崩盘风险: 以港股上市公司为例 =/
Reminder of title:	Corporate Social Responsibility and Stock Price Crash Risk: Evidence from Companies Listed in Hongkong Stock Exchange.
Author:	He, Jie.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2021,
Description:	89 p.
Notes:	Source: Dissertations Abstracts International, Volume: 82-11, Section: A.
Contained By:	Dissertations Abstracts International82-11A.
Subject:	Business administration. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28415410
ISBN:	9798728268901

企业社会责任与股价崩盘风险: 以港股上市公司为例 = = Corporate Social Responsibility and Stock Price Crash Risk: Evidence from Companies Listed in Hongkong Stock Exchange.
He, Jie.

企业社会责任与股价崩盘风险: 以港股上市公司为例 =Corporate Social Responsibility and Stock Price Crash Risk: Evidence from Companies Listed in Hongkong Stock Exchange. - Ann Arbor : ProQuest Dissertations & Theses, 2021 - 89 p.

Source: Dissertations Abstracts International, Volume: 82-11, Section: A.

Thesis (Ph.D.)--Arizona State University, 2021.

This item must not be sold to any third party vendors.

随着经济和社会的进步，企业不仅要以盈利为目标，也为利益相关者和生态环境负责并承担相应的社会责任。社会公众也日渐对企业社会责任问题加以重视，伴随着社会责任这一理念的深入，监管部门制定并出台了一系列与企业社会责任信息披露有关的政策和法规，用以规范和引导企业社会责任信息的披露工作。本文以有效市场理论、信息不对称理论和利益相关者理论为基础，将2010-2018年香港证券交易所上市公司为作为研究对象，运用实证研究的方法，将企业社会责任融入股票崩盘风险的研究视角。本文结合理论演绎和实证检验的方法，突破已有文献以收益框架为研究视角的限制，从金融资本市场的角度出发研究企业社会责任的崩盘效应，系统的探索了企业社会责任影响股票崩盘风险的效应及其影响因素。研究结果显示，对比未披露企业社会责任的公司而言，披露企业社会责任相关信息的公司，未来股价崩盘风险越小。基于香港股市主要以机构投资者为主，进一步考察了社会责任信息披露和机构投资者对股价未来崩盘风险的交互作用，研究发现在机构持股比例越低的公司中，企业社会责任信息披露对未来崩盘效应的抑制作用越明显。此外，本文以独立董事占董事会人员比例作为企业治理因素，探索了社会责任信息披露和董事会独立性对股价崩盘风险的交互作用，研究发现企业董事独立性越强，社会责任信息披露对股票崩盘风险的抑制作用更为显著。最后，相对于非国有企业而言，国有企业性质削弱了企业社会责任信息披露对未来崩盘效应的抑制作用。.

ISBN: 9798728268901Subjects--Topical Terms:

3168311
Business administration.
Subjects--Index Terms:

Corporate governance

企业社会责任与股价崩盘风险: 以港股上市公司为例 = = Corporate Social Responsibility and Stock Price Crash Risk: Evidence from Companies Listed in Hongkong Stock Exchange.
LDR:04311nmm a2200361 4500 001 2345914
005 20220613064813.5
008 241004s2021 ||||||||||||||||| ||eng d
020 $a 9798728268901
035 $a (MiAaPQ)AAI28415410
035 $a AAI28415410
040 $a MiAaPQ $c MiAaPQ
100 1 $a He, Jie. $3 3549736
245 1 0 $a 企业社会责任与股价崩盘风险: 以港股上市公司为例 = $b Corporate Social Responsibility and Stock Price Crash Risk: Evidence from Companies Listed in Hongkong Stock Exchange.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2021
300 $a 89 p.
500 $a Source: Dissertations Abstracts International, Volume: 82-11, Section: A.
500 $a Advisor: Zhu, David H.;Zhang, Jie.
502 $a Thesis (Ph.D.)--Arizona State University, 2021.
506 $a This item must not be sold to any third party vendors.
520 $a 随着经济和社会的进步，企业不仅要以盈利为目标，也为利益相关者和生态环境负责并承担相应的社会责任。社会公众也日渐对企业社会责任问题加以重视，伴随着社会责任这一理念的深入，监管部门制定并出台了一系列与企业社会责任信息披露有关的政策和法规，用以规范和引导企业社会责任信息的披露工作。本文以有效市场理论、信息不对称理论和利益相关者理论为基础，将2010-2018年香港证券交易所上市公司为作为研究对象，运用实证研究的方法，将企业社会责任融入股票崩盘风险的研究视角。本文结合理论演绎和实证检验的方法，突破已有文献以收益框架为研究视角的限制，从金融资本市场的角度出发研究企业社会责任的崩盘效应，系统的探索了企业社会责任影响股票崩盘风险的效应及其影响因素。研究结果显示，对比未披露企业社会责任的公司而言，披露企业社会责任相关信息的公司，未来股价崩盘风险越小。基于香港股市主要以机构投资者为主，进一步考察了社会责任信息披露和机构投资者对股价未来崩盘风险的交互作用，研究发现在机构持股比例越低的公司中，企业社会责任信息披露对未来崩盘效应的抑制作用越明显。此外，本文以独立董事占董事会人员比例作为企业治理因素，探索了社会责任信息披露和董事会独立性对股价崩盘风险的交互作用，研究发现企业董事独立性越强，社会责任信息披露对股票崩盘风险的抑制作用更为显著。最后，相对于非国有企业而言，国有企业性质削弱了企业社会责任信息披露对未来崩盘效应的抑制作用。.
520 $a The purpose of this paper is to examine the relationship between corporate social responsibility (CSR)and stock price crash risk in Hongkong stock market, and whether the disclosure of CSR report can provide valuable information to investors. This paper indicates a negative relationship between CSR and stock price crash risk. Previous studies argue that institution ownership and the level of effectiveness of corporate governance significantly impact the likelihood of firm-specific stock price crash risk. Consequently, this paper further explores the influence of CSR on stock price crash risk under corporate governance. The empirical results show that CSR significantly mitigates Hongkong stock price crash risk. This finding is aligned with the notion that socially responsible Hongkong firms commit to a higher standard of transparency and engage in less bad news hoarding, thus reducing the likelihood of crash risk. Empirical findings also suggest that CSR have a more pronounced impact on mitigating crash risk for Hongkong firms with stronger board independence, however, CSR plays a less effective in reducing crash risk for Hongkong firms with higher institution holdings and state-owned enterprises.
590 $a School code: 0010.
650 4 $a Business administration. $3 3168311
650 4 $a Finance. $3 542899
653 $a Corporate governance
653 $a Corporate social responsibility
653 $a Hongkong Stock Market
653 $a Stock price crash risk
690 $a 0310
690 $a 0508
710 2 $a Arizona State University. $b Business Administration. $3 1679662
773 0 $t Dissertations Abstracts International $g 82-11A.
790 $a 0010
791 $a Ph.D.
792 $a 2021
793 $a Chinese
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28415410