履行环境责任是否会提高企业经济效益?——基于利益相关者视角  

Will Fulfilling Environmental Responsibility Improve Corporate Economic Benefits?——From the Perspective of Stakeholders

作　　者：何枫[1] 刘荣 陈丽莉 HE Feng;LIU Rong;CHEN Lili(School of Economics and Management,University of Science and Technology Beijing,Beijing 100083,China;School of Economics and Management,Tsinghua University,Beijing 100084,China)

机构地区：[1]北京科技大学经济管理学院,北京100083 [2]清华大学经济管理学院,北京100084

出　　处：《北京理工大学学报（社会科学版）》2020年第6期32-42,共11页Journal of Beijing Institute of Technology：Social Sciences Edition

基　　金：国家自然科学基金项目(71673022,71772104);北京市社会科学基金项目(17LJB004);中国博士后科学基金项目(2018M640146);清华大学—Inditex可持续发展基金资助(TISD201902);中央高校基本科研业务费项目(FRF-BR-19-006A)。

摘　　要：面对当前日益严峻的环境问题以及政府、民众等利益相关者的压力,企业应该积极、主动地承担环境责任。基于利益相关者和制度理论之视角,选取2009—2016年中国钢铁工业协会大中型钢铁企业为样本,应用非期望产出的SBM超效率模型深入探讨企业环境责任履行对企业经济效益的影响。实证分析结果表明:第一,中国大中型钢铁企业环境责任对企业经济效益的影响呈现"倒U形"关系。第二,进一步把利益相关者分成两个子群体,并分析不同利益相关者子群体的环境偏好对企业经济效益的影响,相关实证结果同样呈现出"倒U形"关系。第三,实证研究还表明,企业履行环境责任对企业经济效益的影响具有一定的滞后效应。第四,基于实证分析结果,建议中国大中型钢铁企业应更好地权衡环境效益与经济效益的关系,并由此建立起长期的环境战略和计划。Faced with increasingly serious environmental problems and the pressure of stakeholders such as the government and the public, companies need to take environmental responsibility initiatively. The impact of enterprise environmental responsibility on enterprise economic benefits was explored based on stakeholder theory and institutional theory, using the2009—2016 Iron and Steel Association data of large and medium-sized enterprises of China, and applying the SBM superefficiency model with non-expected output and multiple regression analysis method. The results are as follows. Firstly,the analysis shows that there is an "inverted U-shaped" relationship between environmental responsibility of large and mediumsized iron and steel enterprises in China and the economic benefits of enterprises. Secondly, stakeholders are divided into two groups and the impact of environmental preferences of different stakeholder groups on enterprises economic benefits was discussed. There is also an "inverted U-shaped" relationship between enterprises’ performance and these two groups. Finally, the results show that the environmental responsibility has a lag effect on the economic benefits of enterprises. Therefore, it is suggested that steel enterprises should balance the relationship between environmental benefits and economic benefits and establish long-term environmental strategies.

关 键 词：企业环境责任 经济效益 利益相关者 钢铁企业 

分 类 号：F205[经济管理—国民经济] F270