企业社会责任信息与信贷资源的二次配置

发布时间：2018-05-15 09:21

本文选题：企业社会责任 + 信贷资源　；参考：《华东经济管理》2017年08期

【摘要】：银行系统主导着信贷资源的初次配置,商业信用则起到信贷资源再配置的作用。文章基于中国上市公司2008-2014年的企业社会责任信息披露数据,对企业社会责任信息的信贷资源二次配置效应进行实证检验。研究表明:社会责任信息披露有助于企业在信贷资源的再配置中取得优势地位,披露社会责任报告的企业获得了更多的商业信用,其商业信用对银行信贷的替代作用增强,但没有证据表明社会责任信息的披露有助于企业在信贷资源的初次配置中获得更多信贷资源。然而,以上结论仅限于社会责任信息披露与否,社会责任信息披露的质量对信贷资源配置没有影响。本文的结论对于引导企业践行社会责任,并优化信贷资源配置具有启示意义。
[Abstract]:The banking system dominates the initial allocation of credit resources, while commercial credit plays the role of reallocation of credit resources. Based on the corporate social responsibility information disclosure data of Chinese listed companies from 2008 to 2014, this paper makes an empirical test on the credit resources secondary allocation effect of corporate social responsibility information. The research shows that the disclosure of social responsibility information is helpful for enterprises to obtain advantages in the reallocation of credit resources, and the enterprises that disclose social responsibility reports obtain more commercial credit, and the substitution of commercial credit to bank credit is enhanced. But there is no evidence that the disclosure of social responsibility information helps enterprises to obtain more credit resources in the initial allocation of credit resources. However, the above conclusions are limited to the disclosure of social responsibility information, and the quality of social responsibility information disclosure has no effect on the allocation of credit resources. The conclusion of this paper is instructive to guide enterprises to practice social responsibility and to optimize the allocation of credit resources.
【作者单位】：广东财经大学金融学院;
【基金】：国家自然科学基金项目(71573056;71603058) 广东省自然科学基金项目(2014A030310428) 广东省哲学社会科学规划项目(GD14YYJ03;GD15YYJ06)
【分类号】：F270

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