| 企业社会责任与公司风险的实证分析 |
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| 引用本文： | 封之远 王旭程 陈美兰 周晖杰.企业社会责任与公司风险的实证分析[J].宁波大学学报(理工版),2019,0(6):98-102. |
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| 作者姓名： | 封之远 王旭程 陈美兰 周晖杰 |
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| 作者单位： | (1.北京理工大学珠海学院 会计与金融学院, 广东 珠海 519088; 2.温州商学院 金融贸易学院, 浙江 温州 325035; 3.广东财经大学 国际商学院, 广东 广州 528100; 4.宁波大学 科学技术学院, 浙江 宁波 315211) |
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| 摘 要： | 探究了企业社会责任活动与公司风险之间的关系. 以国泰安2008~2012年近万所上市公司作为对象, 应用Stata软件进行回归分析, 检验有关上市公司从事企业社会责任活动可降低自身公司风险的假说是否成立. 测试后发现, 目前上市公司从事企业社会责任活动将增加自身公司的风险, 且上市公司高管对于公司风险可进一步把控及优化
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| 关 键 词： | 企业社会责任 公司风险 风险管理 |
Empirical study on corporate social responsibility and corporate risk |
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| FENG Zhiyuan,WANG Xucheng,CHEN Meilan,ZHOU Huijie.Empirical study on corporate social responsibility and corporate risk[J].Journal of Ningbo University(Natural Science and Engineering Edition),2019,0(6):98-102. |
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| Authors: | FENG Zhiyuan WANG Xucheng CHEN Meilan ZHOU Huijie |
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| Institution: | ( 1.School of Accounting and Finance, Beijing Institute of Technology (Zhuhai), Zhuhai 519088, China; 2.School of Finance and Trade, Wenzhou Business College, Wenzhou 325035, China; 3.International Business School, Guangdong University of Finance & Economics, Guangzhou 528100, China; 4.College of Science and Technology, Ningbo University, Ningbo 315211, China ) |
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| Abstract: | In the paper, we examine the relation between corporate social responsibility and corporate risk. Employing the samples during the 2008-2012 period from CSMAR, and applying regressing analysis with Stata software, we find that CSR engagement is inversely associated with corporate risk after taking into account various corporate characteristics. To deal with endogeneity issue, by adopting a system equation approach and difference regressions, we further find that CSR engagement positively affects corporate risk. These findings support the notion that the top management of Chinese firms is, in general, risk-averse and that their CSR engagement is worth their risk management efforts |
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| Keywords: | corporate social responsibility risk reduction corporate risk |
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