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Research on the Influencing Factors of Food Safety Information Disclosure -- Based on the Data of Listed Companies in the Food and Beverage Industry in 2015-2017

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DOI: 10.23977/ieesasm.2019.528

Author(s)

Ma Yingli

Corresponding Author

Ma Yingli

ABSTRACT

This paper selects 74 groups of data from 30 food and beverage industries in shanghai and shenzhen stock markets from 2015 to 2017. information disclosure will cover all aspects of food safety, including raw material supply, production, circulation, sales and after-sales. The information of food sales and after-sales includes three categories: pre prevention, in-process supervision and post guarantee. The level of food safety information disclosure is calculated by content scoring method, and the influencing factors of food safety information disclosure are studied. The results of the study show that the voluntary disclosure of environmental factors is positively related to the size of the company, the nature of its equity, and the level of food safety information disclosure. Institutional holdings and the size of the board of directors are negatively related to the level of food safety information disclosure. Profitability is negatively related to it. This may be due to the stronger social constraints, forcing companies to increase security investment and increase costs. Among the compulsory disclosure environmental factors, media attention, legal environment and external audit are positively related to the level of food safety information disclosure. To this end, relevant suggestions for improving food safety information disclosure are put forward.

KEYWORDS

Food Safety, Information Disclosure, Influencing Factors, Empirical Analysis

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