信息技术行业上市公司社会责任对企业价值的影响  

The Impact of Social Responsibility of Listed Companies in the Information Technology Industry on Corporate value

作　　者：赵建辉 Zhao Jianhui

机构地区：[1]中国财政科学研究院

出　　处：《投资研究》2024年第9期82-98,共17页Review of Investment Studies

摘　　要：企业履行社会责任的核心驱动力之一是创造价值。以信息技术行业上市公司为样本,研究其履行社会责任对企业价值的影响。研究发现:信息技术企业履行社会责任可促进其价值提升,上述结论经稳健性检验后依然成立。进一步研究发现:促进作用在非国有企业与非两职合一企业更显著;机构持股负向调节社会责任的价值创造效应,而管理层持股具有正向调节作用。机制检验发现:社会责任通过内部控制质量提升促进企业价值提升。one of the core driving forces of corporate social responsibility is to create value.Taking the listed companies in the information technology industry as a sample,this paper studies the impact of their social responsibility on corporate value.The study found that the implementation of social responsibility of information technology enterprises can enhance their value,and the above conclusion is still valid after the robustness test.Further study found that the promoting role is more significant in nonstate-owned enterprises and non-two-job integrated enterprises;institutional shareholding negatively regulates the value creation effect of social responsibility,while management shareholding plays a positive regulatory role.The mechanism test found that social responsibility promotes the promotion of enterprise value through the improvement of internal control quality.

关 键 词：信息技术 社会责任 企业价值 内部控制 

分 类 号：F270[经济管理—企业管理] F49[经济管理—国民经济] F275