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Finance  2020 

探究社会责任、股权结构对企业价值的影响
Exploring the Influence of Social Responsibility and Ownership Structure on Enterprise Value

DOI: 10.12677/FIN.2020.104038, PP. 374-380

Keywords: 社会责任,股权结构,企业价值,A股上市公司
Social Responsibility
, Ownership Structure, Enterprise Value, A-Share Listed Company

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Abstract:

本文采用定性分析、描述性统计与模型回归相结合的方法,以我国A股2010年至2018年上市公司相关数据为样本,探究社会责任、股权结构对企业价值的影响。研究表明:企业履行社会责任能有效促进企业价值的提升;股权结构与企业价值存在显著关系;社会责任和股权结构交互作用,对企业价值具有多种影响。在研究的基础上,提倡引导企业主动履行社会责任,优化股权结构,从而实现资源的合理配置,促进企业价值的提升。
In this paper, qualitative analysis, descriptive statistics and model regression are combined to ex-plore the impact of social responsibility and ownership structure on enterprise value by taking rel-evant data of Chinese A-share listed companies from 2010 to 2018 as samples. The research shows that the fulfillment of corporate social responsibility can effectively promote the improvement of corporate value. There is a significant relationship between ownership structure and enterprise value. The interaction between social responsibility and ownership structure has influenced on en-terprise value. On the basis of the research, it is advocated to guide enterprises to fulfill their social responsibilities and optimize the ownership structure, so as to realize the rational allocation of re-sources and promote the improvement of enterprise value.

References

[1]  蒋红芸, 景珊珊. 企业社会责任与财务绩效相关性研究——以医药制造业上市公司为例[J]. 会计之友, 2013(1): 49-52.
[2]  张红军. 中国上市公司股权结构与公司绩效的理论及实证分析[J]. 经济科学, 2000(4): 34-44.
[3]  裴正兵. 酒店及餐饮类上市公司股权结构与企业价值的关系研究[J]. 财会月刊, 2016(32): 30-33.
[4]  顾军. 上市企业股权特征与企业价值的定性研究[J]. 经济与法, 2012(277): 169-171.

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