企业社会责任缺失对财务绩效的影响研究  

An Empirical Research of Corporate Social Irresponsibility on Financial Performance

作　　者：李茜[1] 熊杰[2] 黄晗 

机构地区：[1]上海外国语大学国际工商管理学院 [2]法国雷恩高等商学院市场营销及战略管理系 [3]武汉工商学院管理学院

出　　处：《管理学报》2018年第2期255-261,共7页Chinese Journal of Management

基　　金：国家社会科学基金资助重大项目(16ZDA013);国家自然科学基金资助项目(71502109;71440012);教育部人文社会科学基金资助项目(14YJC630065)

摘　　要：采用1998~2015年间3 773家全球上市公司的相关数据为研究样本,对企业这两类社会行为和财务绩效的关系进行理论探讨和实证分析。研究表明,企业社会责任对财务绩效呈倒U型影响,即先有显著正向影响,到一定临界值后,变成负向影响;而企业社会责任的缺失则相反,对财务绩效呈U型影响,即先有显著负向影响,到一定临界值后,变成正向影响。From the external perspective, this study divides corporate social behaviors into posi- tive and negative externalities, namely ＂doing good＂ （CSR） or ＂doing bad＂ （CSiR）. We use 3 773 global listed companies from 1998~2015 as samples, studying the influences of two types of social behaviors on financial performance. The results show that the ＂doing good＂ has an inverted U shape impact on financial performance, that is, it has a significant positive impact at first, and to a certain critical value, changes into a negative impact; while ＂doing bad＂, that is corporate social irresponsibility, is on the contrary, which has a U-shaped impact on financial performance, that is, it has a significant negative impact at first, and to a certain critical value, has a positive impact.

关 键 词：企业社会责任 企业社会责任缺失 财务绩效 外部性 

分 类 号：C93[经济管理—管理学]