本文以2008-2012年我國披露企業社會責任報告的A股上市公司為研究對象,探討了應規和自愿披露方式下社會責任對盈余管理的抑制作用,以及兩種披露方式對盈余管理影響存在的差異,同時驗證了企業自愿披露社會責任報告的動機。結果表明:應規披露方式下社會責任對真實盈余管理抑制作用明顯;自愿披露方式下對三種盈余管理方式均有顯著抑制作用;兩種披露方式對盈余管理的影響存在顯著差異;自愿披露社會責任報告的企業是出于倫理動機履行社會責任。本文進一步豐富了企業社會責任與盈余管理的研究文獻,同時為監管部門制定企業社會責任披露政策提供了經驗證據。

Based on the 2008-2012 A-share non-financial listed companies as the research object, combined with the motivation of enterprise to fulfill the social responsibility, this paper discusses the inhibitory effect of different disclosure mode of CSR on the earnings management. The result shows that the inhibitory effect of mandatory disclosure of CSR on real earnings management is significant while voluntary disclosure have significant inhibitory effect on all kinds of earnings management. At the same time, further evidence shows that the enterprises implementing voluntary disclosure of corporate social responsibility report is for ethical motivation to fulfill social responsibility. Hence regulators should develop relevant policies to guide enterprises to perform social responsibility voluntarily, and encourage enterprises to improve the level of social responsibility.