企业履行社会责任的动机及作用机理研究--基于中部六省上市企业的实证  

Research on the motivation and mechanism of corporate social responsibility:Based on the empirical study of listed enterprises in six central provinces

作　　者：陈豪 刘丽娜 李波[1] CHEN Hao;LIU Lina;LI Bo(College of Economics,South-Central Minzu University,Wuhan 430074,China;College of Economics Management and Law,Hubei Normal University,Huangshi 435002,China)

机构地区：[1]中南民族大学经济学院,武汉430074 [2]湖北师范大学经济管理与法学院,黄石435002

出　　处：《中南民族大学学报（自然科学版）》2023年第5期712-720,共9页Journal of South-Central University for Nationalities：Natural Science Edition

基　　金：国家社会科学基金资助项目(19BMZ119);教育部哲学社会科学基金资助项目(21JZD028)。

摘　　要：推动企业积极履行社会责任是实现共同富裕的重要着力点.综合运用面板固定效应模型、中介效应模型、PSM方法等,选取2016—2019年中部六省深沪主板非金融类上市企业为研究对象,以融资约束的视角分析了企业履行社会责任对融资约束的影响.研究结果表明:(1)履行社会责任可以获得较多政府补助,从而显著缓解企业所受融资约束;(2)就企业规模而言,中等规模企业的社会责任履行对于融资约束的缓解程度不明显;(3)就行业竞争强度而言,中等行业竞争强度下的企业社会责任履行对于融资约束缓解程度最明显;(4)就国企与非国企而言,企业的社会责任履行对融资约束的缓解程度没有明显差异;(5)企业不存在因违规而履行社会责任的社会效应动机.通过分析得出了中部地区企业履行社会责任的动机及作用机理,排除了企业社会效应动机的干扰,为衔接乡村振兴新阶段的企业资本研究提供了新的视角.Promoting enterprises to actively fulfill their social responsibilities is an important focus for achieving common prosperity.Panel fixed effect model,intermediary effect model,PSM method,etc.are comprehensively used,the non-financial listed enterprises on the main board of Shenzhen and Shanghai in six central provinces from 2016 to 2019 are selected as the research object,and the impact of corporate social responsibility on financing constraints from the perspective of financing constraints is analyzed.The results show that:(1)Fulfilling social responsibility can obtain more government subsidies,thus significantly easing the financing constraints of enterprises;(2)In terms of enterprise size,the social responsibility fulfillment of medium-sized enterprises has no obvious easing degree to financing constraints;(3)In terms of industry competition intensity,CSR fulfillment in middle industry competition intensity has the most obvious effect on the easing degree of financing constraints;(4)For state-owned enterprises and non-state-owned enterprises,there is no significant difference in the degree of financing constraint alleviation by CSR fulfillment;(5)Enterprises do not have the social effect motive to fulfill their social responsibilities because of violations.Through analysis,the motivation and mechanism of corporate social responsibility in central China are found out,the interference of corporate social effect motivation is eliminated,and a new perspective for the study of corporate capital in the new stage of rural revitalization is provided.

关 键 词：融资约束 企业社会责任 市场强度 股权性质 

分 类 号：O29[理学—应用数学]