能源企业社会责任与财务绩效相关性研究

Research on Correlation between Social Responsibility and Financial Performance of Energy Companies

文章以我国2010—2011年能源类上市公司为研究样本,运用OLS回归分析方法,实证分析了能源企业社会责任与财务绩效间的相关性。研究结果表明,当期企业社会责任对当期财务绩效具有显著正向影响,反之亦然;滞后一期企业社会责任水平对当期财务绩效仍有影响,但不及当期社会责任水平的影响显著;滞后一期企业财务绩效对当期社会责任水平也有影响,影响程度同样不及当期企业财务绩效显著。这些研究结论对能源企业正确认识企业社会责任与财务绩效间的关系,并积极履行社会责任有一定启示意义。

Based on the stakeholder theory and the method of OLS regression analysis,this paper analyzes empirically the correlation between social responsibility and financial performance of energy companies according to samples from Chinese energy listed companies from 2009 to 2010. The analysis shows the following discoveries： 1） there is a significant positive correlation between current corporate social responsibility and current financial performance; 2） one-period delay of corporate social responsibility still has an influence on current financial performance,but it＇s not as significant as current social responsibility has; 3）one-period delay of corporate financial performance also has an impact on current social resonsibility,but not as significant as the impact of current financial performance. These conclutions have some enlightenment for us to understand the relationship between social responsibility and financial performance of energy companies in order to actively fulfill social responsibilities.