發(fā)布時間：2018-06-05 11:20

  本文選題：機(jī)構(gòu)投資者持股比例 + 企業(yè)社會責(zé)任績效　； 參考：《東北大學(xué)》2014年碩士論文

【摘要】：近幾年,企業(yè)出現(xiàn)的產(chǎn)品質(zhì)量與食品安全問題、礦難事故、拖欠工資、環(huán)境污染等事件,暴露了國內(nèi)眾多企業(yè)社會責(zé)任感的普遍缺失。另一方面,機(jī)構(gòu)投資者在近些年得到了迅速發(fā)展,伴隨著股東積極主義,市場如何通過機(jī)構(gòu)投資者的力量來影響企業(yè)履行社會責(zé)任呢?機(jī)構(gòu)投資者持股會不會對企業(yè)社會責(zé)任績效有著改善作用呢,如果這樣,將有助于考察機(jī)構(gòu)投資者的道德改善能力,同時倡導(dǎo)股東積極主義和社會責(zé)任投資。本文在總結(jié)企業(yè)社會責(zé)任指標(biāo)計量方法的基礎(chǔ)上,基于卡羅爾企業(yè)社會責(zé)任模型,將“潤靈環(huán)球”社會責(zé)任評級機(jī)構(gòu)對企業(yè)社會責(zé)任的評估內(nèi)容重新劃分為經(jīng)濟(jì)績效、法律績效、倫理績效和慈善績效由低到高四個層次,以2009-2012年上市公司的數(shù)據(jù)為樣本,對數(shù)據(jù)進(jìn)行描述性統(tǒng)計分析和相關(guān)性分析,同時通過多元回歸的方法,首先實(shí)證檢驗機(jī)構(gòu)投資者整體持股對企業(yè)社會責(zé)任績效的影響；同時將機(jī)構(gòu)投資者分為六類：基金、券商、QFⅡ、社保基金、保險公司和信托公司,進(jìn)一步檢驗各類機(jī)構(gòu)投資者持股對企業(yè)社會責(zé)任績效的影響；最后引入機(jī)構(gòu)投資者持股集中度調(diào)節(jié)變量,進(jìn)一步檢驗機(jī)構(gòu)投資者持股比例對企業(yè)社會責(zé)任績效的影響。研究結(jié)論表明,機(jī)構(gòu)投資者整體持股有助于提高企業(yè)社會責(zé)任績效；基金持股和券商持股比例有助于提高企業(yè)社會責(zé)任績效,而QFⅡ、社�；�、保險公司和信托公司持股比例沒有助于提高企業(yè)社會責(zé)任績效；機(jī)構(gòu)投資者持股集中度越高,機(jī)構(gòu)投資者持股更有助于提高企業(yè)社會責(zé)任績效。最后提出了三點(diǎn)建議：(1)倡導(dǎo)股東積極主義和社會責(zé)任投資,使機(jī)構(gòu)投資者積極參與企業(yè)社會責(zé)任績效的改善；(2)實(shí)現(xiàn)機(jī)構(gòu)投資者多元化；(3)加強(qiáng)機(jī)構(gòu)投資者的聯(lián)合或組建聯(lián)盟,對企業(yè)承擔(dān)社會責(zé)任進(jìn)行有效監(jiān)督。
[Abstract]:In recent years, the problems of product quality and food safety, mine accidents, salary arrears and environmental pollution in enterprises have exposed the general lack of social responsibility of many enterprises in China. On the other hand, institutional investors have developed rapidly in recent years. With the shareholder activism, how can the market influence corporate social responsibility through the strength of institutional investors? If so, it will be helpful to examine the moral improvement ability of institutional investors and advocate shareholder activism and social responsibility investment. On the basis of summing up the measurement method of corporate social responsibility index and Carroll's corporate social responsibility model, this paper redivides the evaluation content of "Runling Global" social responsibility rating agency into economic performance. Legal performance, ethical performance and philanthropic performance change from low to high. Taking the data of listed companies from 2009-2012 as a sample, the paper carries out descriptive statistical analysis and correlation analysis of the data, at the same time, through the method of multiple regression. First of all, the paper empirically examines the impact of institutional investors' overall shareholding on corporate social responsibility performance. At the same time, it divides institutional investors into six categories: funds, securities firms QF 鈪，

本文編號：1981808