公司社会绩效影响财务绩效的实证研究——来自中国上市公司的经验证据被引量：42

Study on the Relationship between Corporate Social Performance and Financial Performance——The Experence Evidence from China Listed Company

下载PDF

导出

摘要公司社会绩效与财务绩效的关系是现代公司社会责任研究中的一个基本问题。在综合比较各种社会绩效计量方法的基础上,采用行为评估问卷调查方法来测度我国上市公司的社会绩效水平,以期有较佳的信度和效度。实证研究表明:当前我国上市公司总体社会绩效水平不高,还有待进一步提升;公司社会绩效与公司财务绩效显著正相关;公司社会绩效各个子维度的绩效水平与公司财务绩效的相关性存在差异。这一结论对于建立与公司社会责任相适应的公司治理机制和竞争战略,从而促使公司积极承担社会责任具有一定的现实意义。 The relationship between corporate social performance （CSP） and financial performance （ CFP ） has always been a focus field concerned by Chinese and foreign scholars, but there is not yet a recognized consistent result. To get a better accountability and validity, we execute a questionnaire survey, based on a comparative analysis between some different quantitative methods for CSP. The main results show that there is a lower overall CSP level, and a positive relationship between CSP and CFP. At the same time, the different classification of the corporate social responsibility leads to some different influence. The conclusion will help establish a stakeholder - model of corporate governance and a competitive strategy consistent with CSR.

作者杨自业尹开国

机构地区华中科技大学管理学院

出处《中国软科学》 CSSCI 北大核心 2009年第11期109-118,共10页 China Soft Science

基金国家社会科学基金(09CJY015)

关键词公司社会绩效公司社会责任公司财务绩效 corporate social performance corporate social responsibility corporate financial performance

分类号 F270 [经济管理—企业管理]

引文网络
相关文献

参考文献51

1Porter M. E., Kramer M. R. Strategy & Society: The Link Between Competitive Advantage and Corporate Social Responsibility [ J ]. Harvard Business Review, 2006, 84 (12) : 78 - 92.
2Freedman, M., A. J. Stagliano. Differences in Social- Cost Disclosures : A Market Test of Investor Reactions [ J ]. Accounting Auditing and Accountability Journal, 1991,4( 1 ) : 68 - 83.
3Herremans, I. M. , P. Akathapom, M. Mclnnes. An Investigation of Corporate Social Responsibility Reputation and Economic Performance [ J ]. Accounting Organizations and Society, 1993, 18(7/8):587 - 604.
4Blacconiere, W. G. , D.M. Patten. Environ - mental Disclosures, Regulatory Costs, and Changes in Firm Value [ J ]. Journal of Accounting and Economics, 1994, 18 ( 3 ) : 357.
5Preston, L. E. , D.P. O' Bannon. The Corporate Social - Financial Performance Relationship: A Typology and Analysis [J]. Business and Society, 1997, 36(4) :419 - 429.
6Brown, B. Do Stock Market Investors Reward Companies with Reputations for Social Performance? [ J]. Corporate Reputation Review, 1998, 1(3):271 - 280.
7Graves, S. B. , S.A. Waddock. A Look at the Financial -Social Performance Nexus When Quality of Management is Held Constant [ J ]. International Journal of Value - Based Management, 1999, 12(1): 87 - 99.
8Schubert, A. , I. Lang. The Literature Aftermath of the Brundtland Report 'Our Common Future': A Scientometric Study Based on Citations in Science and Social Science Journals [ J ]. Environment Development and Sustainability, 2005, 7(1): 1 - 8.
9Peinado - Vara, E. Corporate Social Responsibility in Latin America. The Journal of Corporate Citizenship, 2006, 21(1):61 - 69.
10Boyle, E.J. , M.M. Higgins, S. G. Rhee. Stock Market Reaction to Ethical Initiatives of Defence Contractors : Theory and Evidence [ J ]. Critical Perspectives on Accounting, 1997, 8(6) :541 - 561.