[1]王子康,肖斌卿.企业社会责任与公司价值的统计分析与实证研究[J].南京师范大学学报(自然科学版),2015,38(04):76.
 Wang Zikang,Xiao Binqing.Corporation Social Responsibility and Corporation Value:Statistical Analysis and Empirical Study of China Stock Market[J].Journal of Nanjing Normal University(Natural Science Edition),2015,38(04):76.
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企业社会责任与公司价值的统计分析与实证研究()
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《南京师范大学学报》(自然科学版)[ISSN:1001-4616/CN:32-1239/N]

卷:
第38卷
期数:
2015年04期
页码:
76
栏目:
数学
出版日期:
2015-12-30

文章信息/Info

Title:
Corporation Social Responsibility and Corporation Value:Statistical Analysis and Empirical Study of China Stock Market
作者:
王子康肖斌卿
南京大学工程管理学院,江苏 南京 210093
Author(s):
Wang ZikangXiao Binqing
School of Engineering Management,Nanjing University,Nanjing 210093,China
关键词:
社会责任公司价值社会责任评价指数
Keywords:
corporate social responsibilitycorporate valueSocial Responsibility Index
分类号:
F270;F276.6
文献标志码:
A
摘要:
公司履行社会责任是否能提升公司价值一直都是有争议的话题,其中一个核心难点是如何评价公司履行社会责任的水平. 本文以南京大学社会责任指数(CSRINJU)作为上市公司履行社会责任的评价标准,以托宾Q作为企业价值的衡量标准,利用中国上市公司2007年数据,实证考察履行社会责任能否提升公司价值. 研究发现,公司履行社会责任与公司价值之间呈显著正相关关系,且该正向关系在履行社会责任水平较高的公司体现得更为显著. 上市公司管理者只有积极提升其履行社会责任的水平,才能有效地促进其价值效应的体现.
Abstract:
Whether the corporations perform the social responsibility can promote the corporation value has been a controversial topic. Because of the difficulty of the evaluation,there is rare domestic scholars’ research this topic. We take the Nanjing University Social Responsibility Index(CSRINJU) as the criteria to measure the corporation social responsibility and make the Tobin Q as the criteria to measure the corporation value. With the empirical test of the China’s a-share market data in 2008 and 2009,this article aims to study the relationship between performing the social responsibility and corporation value of Chinese listed companies,and study whether performing social responsibility can improve the corporate value or not. The research shows that:(1)the social responsibility and the corporate value show a significant positive correlation,and the social responsibility index is proportional to the value and benefits;(2)the corporate value increment rate is proportional to the social responsibility.

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备注/Memo

备注/Memo:
收稿日期:2015-10-11. 
通讯联系人:肖斌卿,博士,副教授,研究方向:公司治理、金融安全与风险管理. E-mail:bengking@nju.edu.cn
更新日期/Last Update: 2015-12-30