我国上市公司社会责任与企业绩效的实证研究——来自上证180指数的经验证据

The Relationship between Corporate Social Responsibility and Performance:Empirical Evidence from the Listed Companies Belonging to 180 Indices of Shanghai Securities Exchange

本文以上证180指数上市公司为样本,以企业对国家、员工、投资者和公益事业的社会责任贡献作为企业社会责任的评价指标,采用统计性描述和混合截面回归分析的实证研究方法来探究社会责任与企业绩效之间的关系。研究发现:我国上市公司对国家、投资者和公益事业的社会责任贡献与企业绩效正相关,而对员工的社会责任贡献与企业绩效则是负相关的关系。因此,要求企业更加重视对国家贡献的社会责任,完善社会保障机制和企业内部激励机制,推进股权分置和金融体制改革,并完善对企业履行公益事业贡献的激励机制。

This paper takes the companies, belonging to 180 Indices of Shanghai Securities Exchange, as samples to explore the relationship between the corporate social responsibility and corporate performance. It also takes the contribution to government, employee, investor and charity as the evaluation of corporate social responsibility, by employing the empirical method, including descriptive statistics and regression linear analysis. The conclusions drawn from the study are as follows ： there is a positive relationship between some substitute variables of the corporate social responsibility and corporate performance, but a negative relationship also exists among them, which is of high relevance to establishing social responsibility system.