内部治理、盈利能力和成长能力与企业社会责任的实证研究——基于我国电力行业上市公司的经验数据

An empirical study on internal governance, profitability and growth capacity and CRS——Based on the empirical data of the listed companies in electric power industry

利用电力行业A股上市公司2012年第一季度的数据,本文对企业内部治理、企业盈利能力和成长能力与企业社会责任的相关关系进行实证研究。研究发现:从净效应模型来看,企业内部治理中,董事会规模和企业社会责任之间呈显著负相关;流通股比例与企业社会责任之间呈显著负相关。企业盈利能力和成长能力与企业社会责任之间呈显著正相关。从综合效应模型来看,只有企业盈利能力与企业社会责任之间呈显著正相关,内部治理各变量和成长能力未能通过检验。因此,电力行业上市公司应进一步优化内部治理结构,不断提升自主创新能力,优化企业盈利模式和建立多元化盈利渠道,优化资本结构,提升企业盈利能力和成长能力,从而更好地履行企业社会责任。

By using the latest data of/he listed companies of the electric power industry in the first quarter of 2012, This paper explored the relationship between the internal management, Profit ability, enterprise growth ability and Corporate Social Responsibility. The study found that： In the pure effect model, from the enterprise internal management perspective, the relationship is a significant negative correlation between the size of the board and corporate social responsibility; Current ratio and corporate social responsibility is a significant negative correlation.The enterprise profit ability ,growth ability and corporate social responsibility is a significant positive correlation. In the comprehensive effect model, only the enterprise profit ability and corporate social responsibility has significant positive correlation, each variables of internal management and growth ability failed the test. Therefore, the listed companies in electric power industry should further optimize the internal governance structure of listed companies, enhance the independent innovation ability, optimize enterprise profit model and set up diversified profit channel, and optimize capital structure to promote enterprise＇s profit ability and growth ability, in order to fulfill the Corporate Social Responsibility.