机构投资者持股、企业内部控制与企业社会责任  

Institutional investor shareholding,corporate internal control and corporate social responsibility

作　　者：李竞 鲁瑛均[1] LI Jing;LU Yinjun(Shanghai University of International Business and Economics,Shanghai 201620,China)

机构地区：[1]上海对外经贸大学会计学院,中国上海201620

出　　处：《上海商学院学报》2020年第3期64-76,共13页Business Economic Review

基　　金：教育部人文社科青年基金项目(16YJC790069)。

摘　　要：论文选取了2013-2017年773家上市公司的3089个样本,构成面板数据,研究了机构投资者持股、企业内部控制与社会责任三者的关系,其中机构投资者持股与企业社会责任为主要研究对象,并探讨企业内部控制的中介效应,以及在不同股权性质下的上市公司的差异。研究结果表明,机构投资者持股对企业社会责任具有显著正向影响,企业内部控制对于机构投资者和社会责任的关系起到了中介作用,企业股权性质对于机构投资者和社会责任的关系起到了调节作用。最后进行了内生性控制,结果再次验证了原假设。3,089 samples of 773 listed companies from 2013 to 2017 were selected to form panel data to study the relationship between institutional investor holdings,corporate internal control and social responsibility,of which institutional investor holdings and corporate social responsibility were the main Research objects,and explore the intermediary effects of internal control of enterprises,as well as the differences of listed companies under different types of equity.The results of the study show that institutional investor ownership has a significant positive impact on corporate social responsibility.Corporate internal control plays an intermediary role in the relationship between institutional investors and social responsibility,and the nature of corporate equity plays a role in the relationship between institutional investors and social responsibility.Regulation effect.Finally,endogenous control was carried out,and the results verified the original hypothesis again.

关 键 词：机构投资者 内部控制 社会责任 

分 类 号：F23[经济管理—会计学]