企业社会责任活动对企业价值的影响——根据中国化学制品行业上市公司的经验证据  

Effects of Corporate Social Responsibility Activities on Firm Value——Empirical Evidence from China Listed Companies of Chemical Industry

作　　者：邵君利[1] 

机构地区：[1]南京审计学院会计学院,江苏南京210029

出　　处：《审计与经济研究》2009年第1期75-80,共6页Journal of Audit & Economics

摘　　要：企业社会责任活动是否会对企业价值产生影响?以沪、深两市2002年—2004年的化学制品公司为研究对象,同时结合樊纲、王小鲁编制的中国各地区市场化进程指数,分别考察了社会责任活动与企业价值、上市公司注册地市场化进程指数对企业社会责任活动的影响。研究发现,企业社会责任活动对企业价值产生了负面影响,公司注册地市场化进程快慢对企业社会责任活动无显著影响。Do corporate social responsibility activities of business affect firm value？ This paper, taking listed chemistry companies as objects in Shanghai and Shenzhen Stock Exchanges from 2002 to 2004, combining China Marketing Progress Index by Fan gang and Wang Xiaolu, who are both famous economists in China, reviews the effects of corporate social responsibility activities on finn value and those of Marketing Progress Index of listed companies＇ registration places on corporate social responsibility activities respectively. We find that corporate social responsibility activities are negatively related to firm value; and Marketing Progress Index of companies＇ registration places have no significant effects on finn value.

关 键 词：企业社会责任 市场化进程 企业价值 

分 类 号：F275.2[经济管理—企业管理]