摘要
以企业社会责任为视角,利用沪深A股非金融保险类上市公司的相关数据,研究我国上市公司社会绩效、社会责任信息披露对企业融资约束的影响效应。结果显示,良好的企业社会责任绩效可以缓解融资约束,企业是否披露社会责任报告的行为不会影响社会绩效对融资约束的作用,但较高的社会责任信息披露质量可以增强社会绩效对融资约束的缓解效应。证实了社会责任行为对企业融资约束的缓解作用,丰富了对企业履行社会责任行为经济后果的认识。
Based on the data of A-share listed non-financial insurance companies at Shanghai and Shenzhen stock markets,this paper studies how social performance and information disclosure of social responsibility affect the companies’ financing constraints.Results show that,first,good social performance could relieve the company financing constraints;second,whether the company discloses its social responsibility report does not affect the relationship between social performance and financing constraints,but a higher quality of information disclosure of social responsibility could enhance the social performance’s relieving financing constraints.This paper confirms that social responsibility performance could relieve the corporation financing constraints,and facilitates the understanding of the economic consequence of the corporation’s social responsibility performance.
出处
《北京交通大学学报（社会科学版）》
CSSCI
北大核心
2016年第1期74-86,共13页
Journal of Beijing Jiaotong University(Social Sciences Edition)
基金
国家自然科学基金项目"政策激励规制约束下的供应链环境成本内部化机制研究"(71372012)
北京市社会科学基金项目"北京公交财政补贴的测评模型与补贴机制研究"(15JGB046)
北京交通大学国家级大学生创业项目"企业实施社会责任的价值相关性研究"(140140009)
关键词
社会责任表现
社会责任报告
融资约束
social responsibility performance
social responsibility report
financing constraints
