企业社会责任履行、R&D投入与财务绩效——基于我国主板上市公司的经验证据

›› 2018 ›› Issue (02): 60-69.

企业社会责任履行、R&D投入与财务绩效——基于我国主板上市公司的经验证据

崔也光, 李博

首都经济贸易大学会计学院, 北京 100070

收稿日期:2016-09-13 出版日期:2018-03-15 发布日期:2018-03-26
作者简介:崔也光(1957-),男,北京人,首都经济贸易大学教授,博士生导师,研究方向为高新技术企业会计;李博(1989-),男,山西太原人,首都经济贸易大学会计学院博士研究生,研究方向为企业社会责任会计。
基金资助:
国家社会科学基金项目"研发指数构建与应用评价研究"（14BGL023）；北京市自然科学基金项目"北京市企业研发投入的政府支持政策研究"（9152004）；国家发改委清洁发展机制基金赠款项目"我国企业碳排放会计体系研究"（2014067）；国家社会科学基金项目"基于谈会计体系下的碳排放会计指数构建研究"（15BGL059）；财政部会计科研重点课题"生态价值核算的方法与应用研究——北京地区碳排放会计体系的构建与应用"（2015KJA023）。

Corporate social responsibility performance, R&D investment and financial performance-Based on the data of listed companies in China

CUI Ye-guang, LI Bo

Accounting School Capital University of Economics and Business, Beijing 100026, China

Received:2016-09-13 Online:2018-03-15 Published:2018-03-26

摘要/Abstract

摘要： 在当前市场竞争环境中，社会责任履行情况已成为企业竞争的重要因素之一，而企业选择主动承担社会责任是否能够有效促进财务绩效的提高和企业价值的实现?基于我国A股上市公司2010—2015年六年数据共3181个研究样本，研究不同作用机制下企业社会责任履行情况、R&D投入与财务绩效的三者的复杂关系。实证结果表明：（1）企业履行社会责任与财务绩效呈正相关关系；（2）不同的作用机制不会改变企业社会责任履行与财务绩效的正相关关系；（3）技术创新投入增强了企业社会责任对企业财务绩效的积极影响，但是这一结果主要是基于研发投入与战略性社会责任的履行保持一致对企业绩效产生正向的刺激效果，而研发投入对利他性社会责任与财务绩效的调节作用表现并不显著。

关键词: 企业社会责任, 战略性社会责任, 利他性社会责任, R&D投入, 财务绩效

Abstract: Under the "new normal" economy, the corporate social responsibility has become one of the important factors in the competition. However, it is a problem that whether the corporate social responsibility can effectively promote the improvement of financial performance and the realization of enterprise value. This article selects listed companies in our country and the years from 2010 to 2015, a total of 3181 data sample. This paper studies the relationship between corporate social responsibility performance, R&D investment and financial performance under different mechanisms. The results show that:(1) The relationship between corporate social responsibility and financial performance is positively related;(2) Different mechanisms do not change the positive correlation between corporate social responsibility and financial performance;(3) The investment in technological innovation enhances the positive impact of corporate social responsibility on corporate financial performance. However, this result is mainly based on R&D investment and the implementation of the strategic social responsibility to maintain a consistent positive effect on Corporate Performance. However, R&D investment has no significant effect on altruistic social responsibility and financial performance.

Key words: corporate social responsibility, strategic social responsibility, altruistic social responsibility, R&D investment, financial performance

中图分类号:

F272

崔也光, 李博. 企业社会责任履行、R&D投入与财务绩效——基于我国主板上市公司的经验证据[J]. , 2018(02): 60-69.

CUI Ye-guang, LI Bo. Corporate social responsibility performance, R&D investment and financial performance-Based on the data of listed companies in China[J]. , 2018(02): 60-69.

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