利益相关者视角下企业社会责任的履行对企业绩效的影响

The Influence on the Performance of Enterprises when Conducting Corporate Social Responsibility——from the Perspective of Stakeholders

伴随着我国经济体制的持续完善,要求企业履行更多社会责任的呼声也日益高涨。2008年底,我国沪深两市相继要求上市公司须披露企业社会责任履行情况,企业社会责任的履行继而得到全社会的广泛关注。那么,对于企业而言,承担社会责任是否与其追求的股东利益最大化的目标相矛盾?企业社会责任的履行是否伴随着高额的履约成本?企业社会责任的履行到底会对企业财务绩效产生何种影响?针对此问题,本文选取深市主板A股242家上市公司进行实证研究,通过分析企业履行社会责任与企业绩效两者间的关系,以期推动企业主动探寻企业利益与社会公益间的平衡点,由此达到企业与社会的双赢局面。

With the continuous improvement of China＇s economic system,the urge for enterprises to fulfill more social responsibilities has become increasingly vociferous. By the end of 2008,China＇s two Security Exchanges Shanghai and Shenzhen have required all listed companies to disclose their corporate social responsibilities,corporate social responsibility then got the attention from the whole society. So,for the business enterprise,are social responsibility and the pursuit of the maximization of shareholder＇s？ Interest two contradictory goals？ Is corporate social responsibility associated with high performance cost？Does the conduction of corporate social responsibility really affect the corporate financial performance？ In view of this problem,this paper selects 242 listed companies from the main board in Shenzhen A shares to conduct empirical research,trying to analysis the relation between corporate social responsibility and corporate performance,hoping to seek the balance between business interests and social welfare,thus achieving the enterprise and social win- win situation.