能源企业社会责任对财务绩效影响的滞后效应研究

发布时间：2018-06-17 15:40

本文选题：能源企业 + 企业社会责任　；参考：《西南石油大学》2017年硕士论文

【摘要】："创新、协调、绿色、开放、共享"五大发展理念的产生使社会更加关注经济与绿色生态的可持续发展,由国家主导,企业践行的《企业社会责任报告》时代的到来促进了社会责任观的发展。社会摒弃了以往"先污染,后治理"的经济模式,倡导企业积极履行社会责任,对企业利益相关者进行积极有效的反馈。能源企业,作为主要的工业生产性企业,对环境、员工发展、生态的影响更大,更应该主动肩负起履行社会责任的重任,其履行社会责任意识的情况更应该受到社会的重视。但是根据目前多项指标显示,能源企业履行社会责任情况并不乐观,根源在于履行社会责任意识淡薄,即使认知到履行社会责任对社会环境有所改善,但是担心因社会责任的支出影响企业的财务绩效而放弃承担多方责任。本文以利益相关者理论、契约理论、信号传递理论为理论基础,结合国内外研究学者的研究基础,对能源企业社会责任的内涵(基于利益相关者理论)进行界定,并通过因子分析最终确定了社会责任指标。随后在分析能源企业社会责任与财务绩效关系时进行了深入研究,并提出两个假设,即能源企业社会责任对财务绩效有积极影响;当期能源企业履行社会责任对滞后期财务绩效有显著积极影响。最后以我国沪深两市2011—2015年上市能源公司为研究样本,对其公布的年度财务报表及社会责任报告书的数据,综合运用统计学、会计学等学科知识,采用规范性与实证研究相结合的方法对上述假设进行实证分析。研究结果显示当期能源企业社会责任对当期财务绩效影响积极作用不明显;通过面板数据的固态效应滞后函数分析发现,当期能源企业社会责任对滞后期财务绩效有积极影响;能源企业社会责任指标之间存在影响差异,在当期以及滞后期,对财务绩效的影响有着各自的发展路径。基于此,本文建议提高能源企业践行社会责任内部管理层共识,推进能源企业对社会责任履行情况进行自我评价,加强社会责任履行的自愿主动性,从内在机制上转变其履责意识。其次从外部环境来说,建议加强监管力度,构建社会责任履行奖惩机制;积极完善企业评价体系,健全企业社会责任信息披露制度;利用相关财税制度,推动社会责任实施外部环境。通过内外政策措施,达到解决能源企业承担企业社会责任对财务绩效影响滞后问题。
[Abstract]:The emergence of the five development concepts of "innovation, coordination, green, openness and sharing" has made the society pay more attention to the sustainable development of economy and green ecology, and be led by the state. The era of corporate social responsibility report has promoted the development of the concept of social responsibility. The society abandons the former economic model of "pollution first, then governs", advocates the enterprises to fulfill their social responsibility actively, and gives positive and effective feedback to the stakeholders of the enterprises. Energy enterprises, as the main industrial productive enterprises, have greater influence on environment, employee development and ecology, and should take the responsibility of performing social responsibility on their own initiative, and their social responsibility should be paid more attention to. However, according to a number of current indicators, the performance of social responsibility in energy enterprises is not optimistic. The root cause is a weak sense of social responsibility, even if it is recognized that the implementation of social responsibility has improved the social environment. But fear of social responsibility spending affect corporate financial performance and give up the responsibility. Based on stakeholder theory, contract theory and signal transmission theory, this paper defines the connotation of energy corporate social responsibility (based on stakeholder theory) in combination with the research basis of domestic and foreign scholars. Finally, the social responsibility index is determined by factor analysis. Then it makes a deep study on the relationship between energy corporate social responsibility and financial performance, and puts forward two hypotheses, that is, energy corporate social responsibility has a positive impact on financial performance; The performance of current energy enterprises' social responsibility has a significant positive impact on lag financial performance. Finally, taking the energy companies listed in the Shanghai and Shenzhen stock markets from 2011-2015 as the research sample, the data of the annual financial statements and social responsibility reports published by the companies are comprehensively applied to the knowledge of statistics, accounting and other disciplines. The above hypothesis is analyzed empirically by the combination of normative and empirical research. The results show that the impact of current energy corporate social responsibility on the current financial performance is not obvious; through the panel data solid effect lag function analysis found that the current energy corporate social responsibility has a positive impact on the lag financial performance; There are influence differences among the indicators of energy corporate social responsibility. In the current period and the lag period, the impact on financial performance has its own development path. Based on this, this paper suggests to improve the internal consensus of the management of social responsibility, to promote the self-evaluation of the performance of social responsibility, and to strengthen the voluntary initiative of social responsibility performance. Change its duty consciousness from the internal mechanism. Secondly, from the external environment, it is suggested to strengthen supervision, construct the mechanism of reward and punishment of social responsibility; actively improve the evaluation system of enterprises, improve the disclosure system of corporate social responsibility information; use the relevant financial and tax system, Promote the implementation of social responsibility external environment. Through internal and external policies and measures to solve the energy enterprises to bear corporate social responsibility on financial performance lag problem.
【学位授予单位】：西南石油大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F270;F426.2;F406.7

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