地方政府欠款治理的社会效应——基于民营企业社会责任承担的视角  

Social Effects of Local Government Debt Management:From the Perspective of Private Enterprises'Social Responsibility

作　　者：廖望 李闻 唐雪松[1] LIAO Wang;LI Wen;TANG Xue-song(Southwestern University of Finance and Economics,Chengdu 611130,China)

机构地区：[1]西南财经大学会计学院,四川成都611130

出　　处：《当代财经》2024年第11期84-97,共14页Contemporary Finance and Economics

基　　金：国家自然科学基金面上项目“中国投资者保护公益组织运行效果与机制研究——基于并购重组中投服中心行权视角”(72272123)。

摘　　要：地方政府拖欠民营企业款项已成为全面构建亲清统一的新型政商关系的阻碍。利用国务院清理政府欠款专项督导行动提供的准自然实验情境,采用双重差分法系统地考察地方政府欠款治理如何发挥积极的社会效应及其对民营企业社会责任的影响,有助于为政府债务治理提供经验支持,进而推动民营经济的健康发展。研究结果表明,该专项督导行动显著提高了被督导地区民营企业的社会责任承担水平。这一行动通过提高民营企业的公众关注度和缓解内部流动性约束,增强了企业承担社会责任的意愿和能力,并对企业慈善捐赠产生了积极影响。异质性检验显示,在地区社会信用水平较低、市场环境较差以及缺乏政治关联的民营企业中,上述效应更为显著。因此,为了促进非公有制经济健康发展、构建新型政商关系,应将地方政府欠款治理工作制度化和长效化,在构建服务型政府的同时,鼓励民营企业主动履行社会责任,发挥其在社会发展中的积极作用。The problem of local governments defaulting on payments to private enterprises has been a major obstacle on the road to building a new type of close and upright government-business relationship.Using the State Council's special supervisory action to clean up government arrears as a quasi-natural experiment,this paper applies the difference-in-difference method to systematically examine how the settlement of local government arrears exerts a positive social effect and influences the assumption of social responsibility by private firms,intending to provide empirical evidence on how the governance of government debt positively induces the private economy.The findings show that this special action has significantly improved the level of social responsibility of private enterprises in the supervised areas.This action has enhanced the willingness and ability of private enterprises to undertake social responsibility by increasing the public attention to them and alleviating their internal liquidity constraints,and has had a positive impact on corporate charitable donations.The heterogeneity test reveals that the above-mentioned effect is more significant in regions with lower social credit levels,poorer market environments,and in private enterprises that lack political connections.Therefore,in order to promote the healthy development of the non-public economy and build a new type of government-business relationship,the governance of local government arrears should be institutionalized and long-term.While building a service-oriented government,private enterprises should be encouraged to actively fulfll their social responsibilities and play a positive role in social development.

关 键 词：政府欠款治理 企业社会责任 慈善捐赠 公众关注 流动性约束 

分 类 号：F275[经济管理—企业管理]