基于增加价值的企业社会责任对企业价值影响研究——来自A股上市公司的经验数据

Study of Corporate Social Responsibility Based on Add Value Impact on Corporate Value

本文以各利益相关者增值所得率作为企业对其履行的社会责任,分析其对企业价值的影响。结果表明:企业对股东、政府、职工履行社会责任与企业价值正相关;对债权人履行社会责任与企业价值负相关。认为企业履行社会责任可以提高企业价值,但要控制债务筹资在一定范围内,并提出了相关建议。

Enterprise value maximization requires companies to properly handle a variety of interests.Value Added reflects the value that various stakeholders ereated.This paper takes Value Added of stakeholders as the Social Responsibility of enterprise to them,empirical study of its impact on Enterprise Value.The results show that Social Responsibility of enterprise to sharcholders.government,and works are positively correlated with Enterprise Value:but which to ereditor isnegatively correlated with Enterprise Value.Make the conelusion that Social Responsibility of corporate can increase Enterprise Value.butmust control debt financing within a certain range.And make the suggestion that introduce Value Added Aeeountiing into the existing accounting polieies.