行业竞争度调节下企业社会责任对营运资金管理影响研究

发布时间：2018-03-28 13:39

本文选题：企业社会责任　切入点：营运资金管理　出处：《哈尔滨工业大学》2017年硕士论文

【摘要】：随着经济的发展,越来越多的企业开始关注企业社会责任。相对而言,制造业的企业社会责任履行状况较好。制造业是我国国民经济的支柱产业,而营运资金是制造企业的“血液”,涉及到企业日常生产经营活动的各个方面。企业的生产经营离不开各利益相关者的支持和资源投入,企业营运资金的运转过程实质上是企业内资源共生演化的过程。企业应当对利益相关者的付出给予相应的回报,即履行企业社会责任,有利于赢得各方支持和更高声誉。此外,行业竞争作为一种重要的外部治理机制,可以有效地监督和激励企业管理者,也为企业经营提供获得良好声誉的机会。因此本文将从行业竞争角度,研究企业社会责任对营运资金管理的影响。本文选取2011-2015年沪深两市的制造企业为研究对象,运用STATA软件对假设进行实证检验。研究结论如下:(1)制造企业履行社会责任能够显著缩短其存货周转期、应收账款周转期以及现金周转期;(2)制造企业对不同利益相关者的社会责任履行水平越高,其库存周转期、应收账款周转期以及现金周转期越短;(3)制造企业履行社会责任对应付账款周转期的影响不显著;(4)相比于低竞争行业,处于高竞争行业的企业履行社会责任对企业营运资金管理的影响更为明显。本文丰富了企业社会责任与营运资金管理的研究视角,同时也为对制造企业制定营运资金管理策略和完善市场竞争机制提供了参考建议,促使企业更自愿、更积极、更持续地去履行社会责任。
[Abstract]:With the development of economy, more and more enterprises begin to pay attention to CSR. Comparatively speaking, the performance of CSR in manufacturing industry is better. Manufacturing industry is the pillar industry of our national economy. Working capital is the "blood" of manufacturing enterprises, which involves all aspects of the daily production and management activities of enterprises. The production and operation of enterprises can not be separated from the support of various stakeholders and the input of resources. The operating process of enterprise working capital is essentially a process of resource symbiosis and evolution within an enterprise. The enterprise should give a corresponding return to the stakeholders' efforts, that is, to fulfill corporate social responsibility, which is conducive to winning the support of all parties and a higher reputation. As an important external governance mechanism, industry competition can effectively supervise and motivate enterprise managers, and also provide an opportunity for enterprises to gain good reputation. This paper studies the impact of corporate social responsibility on the management of working capital. STATA software is used to test the hypothesis. The conclusions are as follows: 1) the inventory turnover period of manufacturing enterprises can be significantly shortened by fulfilling their social responsibility. The higher the level of social responsibility of manufacturing enterprises to different stakeholders, the higher the inventory turnover period. The shorter the turnover period of accounts receivable and the shorter the cash turnover period, the less significant impact of manufacturing enterprises' social responsibility on the turnover period of accounts payable is compared with that of low-competition industries. The influence of corporate social responsibility on the management of working capital is more obvious. This paper enriches the research perspective of corporate social responsibility and working capital management. At the same time, it also provides reference suggestions for manufacturing enterprises to formulate working capital management strategy and perfect the market competition mechanism, and urges enterprises to fulfill their social responsibility more voluntarily, actively and continuously.
【学位授予单位】：哈尔滨工业大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F270;F406.7;F425

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