企业社会责任对其财务存续能力的影响——基于银行类金融机构的动态面板数据研究

The Impact of Corporate Social Responsibility on Its Financial Sustainability:Based on Dynamic Panel Data of Banking Financial Institutions

以银行类金融机构履行企业社会责任对其财务存续能力的影响为基本框架,采用会计、市场双指标评价其财务存续能力,利用利益攸关方细化社会责任,通过构建静态、动态滞后面板数据回归模型,对2010年到2019年5家国有商业银行和10家全国性股份制商业银行进行实证分析。研究结果表明,从中长期来看:当期银行社会责任对当期财务存续能力有微弱正面影响,滞后一期银行社会责任对当期财务存续能力有较强正面影响;其中对于存款人和社会公众的当期社会责任对当期财务存续能力有微弱正面影响,对于投资者、政府、存款人和社会公众的滞后一期社会责任对当期财务存续能力有较强正面影响。

Taking the impact of corporate social responsibility of bank-like financial institutions on their financial sustainability as a basic framework,accounting and market indicators are used to evaluate financial sustainability,and stakeholders are used to refine social responsibilities,and by building static and dynamic lag panels data regression model,empirical analysis are conducted on 5 state-owned commercial banks and 10 national joint-stock commercial banks from 2010 to 2019.The research results show that:from a medium and long-term perspective,the current social responsibility of banks has a weak positive impact on the current financial sustainability,and the lagging bank social responsibility has a strong positive impact on the current financial sustainability;the current period for depositors and the public social responsibility has a slight positive impact on the current financial sustainability,and a lagging period of social responsibility for investors,governments,depositors and the public has a strong positive impact on the current financial sustainability.