股权性质与企业社会责任偏好:基于利益相关者视角的研究  

Nature of Equity And Corporate Social Responsibility Preferences: A Stakeholder Perspective

作　　者：车密 江旭[1,2] 许珊[1] 杨天文 CHE Mi;JIANG Xu;XU Shan;YANG Wentian(School of Management at Xi'an Jiaotong University,Xi'an 710049,China;The Key Lab of the Ministry of Education for Process Control&Efficiency Engineering,Xi'an 710049,China)

机构地区：[1]西安交通大学管理学院,西安710049 [2]西安交通大学过程控制与效率工程教育部重点实验室,西安710049

出　　处：《科学学与科学技术管理》2022年第8期137-155,共19页Science of Science and Management of S.& T.

基　　金：国家自然科学基金项目(71772148);中宣部文化名家暨“四个一批”人才自主选题资助项目(2020—2024);陕西省软科学研究计划项目(2019KRM013);陕西省哲学社会科学重大理论与现实问题重点智库研究项目(2021ZD0994)。

摘　　要：基于利益相关者视角,对不同股权性质的企业是否存在社会责任偏好差异进行探究,同时探讨了股权性质影响企业社会责任偏好的边界条件。采用2009—2017年沪深两市A股上市公司面板数据集的研究结果表明,由于股权性质的差异,国有企业和民营企业在履行社会责任时均具有一定程度的偏好性:与民营企业相比,国有企业更偏好与内部利益相关者相关的社会责任;而民营企业更加关注外部利益相关者的社会责任诉求。此外,制度的健全性和行业的竞争性都会对企业的社会责任偏好产生影响:随着制度的不断发展,国有企业对内部社会责任的偏好受到了一定程度的抑制,而激烈的行业竞争则促进了民营企业对外部社会责任的偏好。In recent years, corporate social responsibility behaviors are increasingly popular in China. Conducting corporate social responsibility has become an important strategic tool for firms to show their good image and win the favor of various stakeholders. However, there is still a debate on the heterogeneity of corporate social responsibility behaviors of firms with different equity structures in existing literature. The reason for this debate might be the fact that the existing studies generally analyze CSR as a whole, or investigate a single dimension of corporate social responsibility, e.g., the benefit of shareholders, the development of employees, charitable donations etc. Rather, they pay inadequate attention to the variety of corporate social responsibility and fail to identify that firms with different equity structures may prefer different types of corporate social responsibility. The variety of corporate social responsibility roots in the fact that this behavior is influenced by various stakeholders. Firms with limited resources perform specific dimensions of corporate social responsibility to satisfy particular stakeholders. Therefore, from the stakeholder perspective, differentiating internal corporate social responsibility from external corporate social responsibility may not only help to clarify different stakeholders appreciated by firms, but also contribute to deeply exploring the reason that different types of corporate social responsibility are valued by firms with different equity structures, i.e., state-owned enterprises and private enterprises. Especially in the background of the socialist market economy with Chinese characteristics, state-owned enterprises are more likely to perform social responsibility than private enterprises in public stereotype. Thus, it is necessary to theoretically and empirically analyze the different preferences of state-owned enterprises and private enterprises in corporate social responsibility,respectively.Using the panel datasets of non-financial A-share listed fi

关 键 词：企业社会责任 国有企业 民营企业 制度发展 行业竞争 

分 类 号：F722[经济管理—产业经济]