技术创新投入、社会责任承担对财务绩效的协同影响研究  

Study on Interaction of Technological Innovation Investment and Corporate Social Responsibility on Corporate Financial Performance

作　　者：朱乃平[1] 朱丽[1] 孔玉生[1] 沈阳[1] 

机构地区：[1]江苏大学财经学院,212013

出　　处：《会计研究》2014年第2期57-63,95,共7页Accounting Research

基　　金：国家自然科学基金(51276081;71371087);中国博士后科学基金(2013M541622);江苏省博士后科研资助计划(1202036C)的资助

摘　　要：本文基于两阶段投资决策模型,理论挖掘技术创新投入、社会责任承担与企业财务绩效三者之间的复杂关系,并以2009-2011年的中国高新技术企业为研究样本,进一步探索技术创新投入和企业社会责任对财务绩效的协同影响。研究表明:(1)企业技术创新投入能够正向促进企业的短期财务绩效和长期财务绩效。(2)企业积极承担社会责任能够直接促进企业的长期财务绩效,但对短期财务绩效没有显著影响。(3)技术创新投入调节增强了企业社会责任对企业长期财务绩效的积极影响;同时企业社会责任也对技术创新投入与长期财务绩效的正向关系发挥了显著的调节增强作用。This paper is based on the theory of Two- stage investment decision model,conducted in- depth discussion on the relationship between investment in technological innovation,corporate social responsibility and financial performance. From 2009 to 2011 of China's high- tech enterprises as the research sample,we find that:( 1) CSR is conducive to the improvement of corporate value,but there is no significant correlation between CSR and the current financial position;( 2) Investment in technological innovation not only positively promotes enterprise value,but also significantly improves the current financial situation;( 3) The interaction of technological innovation investment and corporate social responsibility effect corporate financial performance.

关 键 词：技术创新 企业社会责任 社会创新 企业价值 财务绩效 

分 类 号：F275[经济管理—企业管理] F273.1[经济管理—国民经济] F270