股权集中度、社会责任与企业价值——基于我国上市银行的实证检验  

Ownership Concentration,Corporate Social Responsibility and Enterprise Value:Empirical Analysis of Chinese Listed Commercial Bank

作　　者：伍伦[1] 

机构地区：[1]西南财经大学会计学院,四川成都611130

出　　处：《税务与经济》2015年第2期23-29,共7页Taxation and Economy

摘　　要：以第一大股东持股比例作为股权集中度的代理变量，利用我国上市银行2008—2012年的面板数据实证分析股权集中度、商业银行社会责任与企业价值之间的关系。研究结果显示：第一大股东持股比例与银行社会责任显著正相关，第一大股东持股比例越高，商业银行履行社会责任程度越高；商业银行履行社会责任会显著地提升当期及滞后一期的企业价值；同时，相比于当期社会责任，前一期社会责任对提高当期企业价值的贡献更大。研究结论对商业银行树立正确的社会责任价值观以及保持适度的控股股东持股比例具有启示意义。Use the largest shareholder proportion as the proxies of ownership concentration, this paper researches the relationship among ownership concentration, corporate social responsibility and enterprise value by taking the panel data of chinese listed commercial bank from 2008 to 2012 as research objects. The results show ： there is a significant positive cor-relation between the largest shareholder proportion and social responsibility of commercial bank, the higher of largest shareholder proportion, the degree of commercial bank social res-ponsibility will high- er. Commercial banks fulfill their social responsibilities will significantlyenhance the current and lagged an enter- prise value. Compared to the current period of social responsibility, the previous period of social responsibility have greater contribution to improvethe current enterprise value. This paper enriches the literature of bank social responsibilities, The conclusions have enlightenment significance for commercial bank to establish the correctval- ues of social responsibility and maintain a moderate proportion of the controlling share-holders.

关 键 词：商业银行 股权集中度 社会责任 企业价值 

分 类 号：F121.26[经济管理—世界经济]