企业社会责任行为及其变化与财务绩效的关系研究

发布时间：2018-03-17 23:27

本文选题：企业社会责任行为　切入点：企业社会责任行为变化　出处：《吉林大学》2017年硕士论文　论文类型：学位论文

【摘要】：近年来,企业社会责任与财务绩效的关系研究已经逐渐成为了学术界和实业界关注的重点,过去的学者从“成本理论”、“代理理论”、“利益相关者理论”、“资源基础理论”、“声誉理论”充分探讨了二者之间的关系,然而并未达成一致的结论;此外,过去的研究中鲜有学者对企业社会责任行为变化与财务绩效之间的关系进行过探究。本文的着重于探究企业社会责任行为及其变化与财务绩效之间的关系,通过回顾以往的研究成果和理论,提出了相关的实证研究假设。本文利用我国上市公司2009-2014年共3081笔数据,研究企业社会责任行为及其变化与财务绩效之间的关联性,为了提高研究的准确度,本文充分考虑了企业个体差异和时间差异可能对变量造成的影响,选用了双向固定效应模型进行数据的回归分析。实证分析的结果表明:企业进行社会责任投入会为企业带来更好的财务绩效表现,并且企业社会责任在成本节约方面具有更长期的效果,而且在社会责任投入较上一期增加的越多,本期财务绩效表现越好,此外,企业的社会责任投入在一定程度上发生变化,正向变化总会比同等程度的负向变化使企业拥有更好的财务绩效表现,而且企业减少社会责任投入对企业造成的损害不能通过增加同样多的社会责任投入进行弥补。
[Abstract]:In recent years, the research on the relationship between corporate social responsibility and financial performance has gradually become the focus of academic and business circles. Past scholars have fully explored the relationship between the two theories from cost theory, agency theory, stakeholder theory, resource-based theory and reputation theory, but have not reached an agreed conclusion. In the past, few scholars have explored the relationship between the change of corporate social responsibility behavior and financial performance. This paper focuses on the relationship between corporate social responsibility behavior and financial performance. By reviewing the previous research results and theories, this paper puts forward the relevant empirical research hypotheses. This paper studies the relationship between corporate social responsibility behavior and financial performance by using 3 081 data of listed companies in China from 2009-2014. In order to improve the accuracy of the research, this paper takes into account the influence of individual differences and time differences on the variables. The results of the empirical analysis show that the corporate social responsibility investment will bring better financial performance for the enterprise. And corporate social responsibility has a longer term effect in cost saving, and the more social responsibility investment is increased, the better the financial performance is in the current period. In addition, the corporate social responsibility investment changes to a certain extent. The positive change always makes the enterprise have better financial performance than the same degree of negative change, and the damage caused by the reduction of corporate social responsibility investment can not be compensated by increasing the same amount of social responsibility investment.
【学位授予单位】：吉林大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F270;F832.51;F275

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