我国公司社会责任与财务业绩关系的实证研究  

An Empirical Study on the Relationship between Corporate Social Responsibility and Financial Performance in China

作　　者：杨熠[1] 沈洪涛[2] 

机构地区：[1]厦门大学管理学院,福建厦门361005 [2]暨南大学会计系,广东广州510632

出　　处：《暨南学报（哲学社会科学版）》2008年第6期60-68,共9页Jinan Journal(Philosophy and Social Sciences)

基　　金：国家自然科学基金项目《基于可持续发展的公司社会责任报告模式研究》(批准号:70772099);广东省自然科学基金项目《上市公司社会责任信息披露研究》(批准号:7300574);广东省普通高校人文社会科学重点研究基地创新团队项目《公司社会责任与公司价值研究》(批准号:07JDTDX63003)

摘　　要：公司社会责任与财务业绩之间的关系是公司社会责任研究领域中一个备受关注且最具争议的话题。本研究采用基于相关利益者理论的我国企业相关利益者业绩指标作为衡量公司社会责任的方法,首次对我国公司社会责任与财务业绩的关系进行了实证检验,所得出的结果明确地回答了公司社会责任与财务业绩关系的两个基本问题:(1)我国公司社会责任与财务业绩之间呈显著正相关关系;(2)我国公司社会责任与财务业绩之间互为因果,彼此影响,互相促进。The relationship between corporate social responsibility and financial performance has been the focus of an increasing amount of attention and the most contentious topic in studies of corporate social responsibility.Based on stakeholder theory,this paper uses stakeholder performance index as the surrogate of corporate social responsibility,to explore the relationships between corporate social responsibility and their financial performance.The conclusions drawn from this study definitely answer which the two basic questions:(1)there is a positive association between corporate social responsibility and financial performance in China;(2)corporate social responsibility and financial performance interact as both cause and effect in a reciprocal manner.

关 键 词：公司社会责任 公司财务业绩 实证关系 相关利益者 

分 类 号：F270[经济管理—企业管理]