企业社会责任对财务绩效的动态影响——政治关联的调节效应
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摘要
基于利益相关者理论和制度理论构建了本文的理论模型，通过搜集 2010-2019 年间中国沪深两市上市公司公开数据，使用动态分析视角采用实证研究方法，实证检验企业社会责任对财务绩效的动态影响，同时考察政治关联在这一影响过程中的组织边界。实证研究结果表明、企业社会责任履行程度显著促进财务绩效，动态分析结果显示这种促进作用在两年内显著存在、影响系数分别为 0.0009 和 0.0006；政治关联在当年这一过程中存在显著的负向调节作用，交乘项系数为 -0.0004。本文扩展了 CSR 动态经济效果研究，为政治关联的“双刃剑”作用添加了新的证据，未来可以在此基础上进行更多组织边界的探究以期更加全面地揭示 CSR 的动态经济效果边界。
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Chinese Journal of Social Science and Management Editorial Division
The Office of Research and Development, Panyapiwat Institute of Management
85/1 Moo 2, Chaengwattana Rd., Bang Talat, Pakkred, Nonthaburi 11120, Thailand
Tel. 02 855 01048 E-mail: cjssm@pim.ac.th
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