企业社会责任、内部控制与财务风险--基于中国旅游上市公司的实证研究

Corporate Social Responsibility,Internal Control,and Financial Risk--Empirical Study on Listed Tourism Companies in China

基于中国A股旅游上市公司2011—2020年的数据,对旅游企业社会责任、财务风险、内部控制三者之间的关系进行实证研究。研究发现,旅游上市公司积极承担社会责任能显著降低财务风险的发生,企业的内部控制水平在其中发挥正向调节作用。同时,企业社会责任的各细分维度对财务风险的作用水平之间存在差异,其中对员工承担企业社会责任对财务风险的降低作用最为显著。据此,从企业、投资者、政府三个层面为促进旅游企业积极承担社会责任、应对财务风险提出建议措施。

Based on the data of Chinese A-share tourism listed companies from 2011 to 2020,this paper conducts an empirical study on the relationship between social responsibility,financial risk,and internal control of tourism enterprises.Research has found that actively assuming social responsibility by tourism listed companies can significantly reduce the occurrence of financial risks,and the internal control level of enterprises plays a positive moderating role in it.At the same time,there are differences in the level of impact of various sub dimensions of corporate social responsibility on financial risk,with employees taking on corporate social responsibility having the most significant reduction effect on financial risk.Based on this,suggestions and measures are proposed from the perspectives of enterprises,investors,and governments to promote tourism enterprises to actively assume social responsibility and respond to financial risks.