我国石油化工行业上市公司社会性负担与投融资行为分析  

Analysis of Social Burden and Investment and Financing Behavior of Listed Companies in Petrochemical Industry in China

作　　者：刘名旭 蒋彦 LIU Mingxu;JIANG Yan(School of Management,Chengdu University of Information Technology,Chengdu,Sichuan 610103)

机构地区：[1]成都信息工程大学管理学院,四川成都610103

出　　处：《绵阳师范学院学报》2020年第12期43-53,共11页Journal of Mianyang Teachers＇ College

基　　金：四川省科技厅软科学项目“四川省财政科技资金投入效应评价及管理创新研究”(2020JDR0193)。

摘　　要：企业承担社会性负担会影响企业的投融资行为,一方面承担社会性负担可能会给企业带来较好的履行社会责任评价,有利于企业投融资环境的改善;另一方面,企业将为此付出成本和代价,影响企业投资的决策。本文以2012—2018年A股的石油化工行业上市公司为研究对象,运用多元回归等分析方法,研究社会性负担对企业投融资行为的影响。研究发现,企业投资额与社会性负担呈正向关系,而企业融资额与社会性负担呈反方向变动;社会性负担对企业融资方式选择无显著影响。An enterprise's social burden will affect its investment and financing behavior.On the one hand,it may give the enterprise a better evaluation of its social responsibility performance,which is conducive to the improvement of the enterprise's investment and financing environment;on the other hand,the enterprise will pay for it,which influences the enterprise's investment decision.This article takes the A-share petrochemical industry listed companies from 2012 to 2018 as the research object,and uses multiple regression and other analytical methods to study the impact of corporate social burden on their investment and financing behavior.The study found that the amount of corporate investment and social burdens have a positive relationship,while the amount of corporate financing and social burdens change in the opposite direction;social burdens have no significant impact on the choice of corporate financing methods.

关 键 词：社会性负担 石油企业 投融资行为 

分 类 号：F276[经济管理—企业管理]