企业社会责任、创新研发与企业价值的关系探究

Study on the Relationship between Corporate Value,Corporate Social Responsibility,and In­novation

创新是企业持续发展的重要助推器,然而通过创新研发提高企业利润的能力已经不是社会对于企业价值唯一的评价标准,践行社会责任的情况亦成为权衡企业价值的重要指标之一。本文基于信号传递理论、利益相关者理论与企业价值理论,采用2010—2019年上市企业相关有效面板数据,通过实证研究的方式进行线性回归分析,从创新驱动的视角系统探究企业社会责任与现代企业价值之间的关系,并验证股权集中度在培育我国企业发展创新驱动力和履行社会责任过程中的调节作用,最后从企业经营者角度提出提升企业社会责任履行效能、优化公司股权结构、规范信息披露制度、制定社会责任与技术创新研发融合发展等建议,对于优化资源配置具有一定的指导作用。

Innovation is an important booster for the sustainable development of enterprises.However,the ability to improve enterprise profits through innovation and research is no longer the only evaluation standard for the social value of enterprises,and the practice of social responsibility has also become one of the important indicators to weigh the value of enterprises.Based on signal transmission theory,stakeholder theory and enterprise value theory,using the relevant effective panel data of listed enterprises from 2010-2019,this paper make a linear regression analysis in the manner of an empirical study,systematically explore the relationship between corporate social responsibility and modern corporate value from an innovation-driven perspective,and verify the regulatory role of equity concentration in cultivating the driving force of enterprise innovation and the fulfillment of social responsibility,it finally put forward some suggestions from the perspective of enterprise operators to improve the efficiency of corporate social responsibility performance,optimize the company's equity structure,standardize the information disclosure system,and formulate the integrated development of social responsibility and technological innovation,research and development,which has a certain guiding role in optimizing resource allocation.