慈善捐赠与企业创新——基于冗余资源的调节作用

Charitable Donation and Corporate Innovation——Based on Moderating Effect of Slack

基于利益相关者理论和资源依赖理论,运用我国沪深两市A股上市公司2013-2017年的相关数据,研究了慈善捐赠对企业创新的影响以及不同冗余资源对上述关系的调节作用。实证结果表明:①慈善捐赠与企业创新呈显著正相关关系;②不同冗余对于上述关系的调节作用存在明显差异:可即用冗余和可恢复冗余对慈善捐赠与企业创新的正相关关系起到正向调节作用,而潜在冗余对慈善捐赠与企业创新的正相关关系则起到反向调节作用。

Based on the stakeholder theory and the resource dependent theory,this paper took Shanghai and Shenzhen A-share listed companies as samples for the period 2013-2017 to study the impact of charitable donation on corporate innovation and the moderating effect of different slack in the relationship between charitable donation and corporate innovation. The empirical results showed the following results: Firstly,charitable donation had a significant positive correlation with corporate innovation;Secondly different slack had obvious differences in the adjustment of the above relationship: Available slack and recoverable slack positively affected the positive correlation between charitable donation and corporate innovation,while potential slack negatively affected the above relationship.