企业社会责任、公司治理和公司业绩

笔者采用上海国家会计学院编制的上市公司社会责任指数对我国上市公司履行社会责任对其业绩的影响进行检验,其结果并不支持履行社会责任可以提升公司业绩。在回归方程中引入董事会规模、独立董事比例等公司治理变量后,公司履行社会责任则能够提高财务业绩和成长性。公司履行社会责任不能提升公司业绩的原因在于公司没有建立起健全的治理结构,没有将履行社会责任融入公司的战略规划。因此,企业只有将社会责任与公司治理和发展战略结合起来,才能在积极履行社会责任的同时兼顾自身发展。

CSR, Corporate Governance and Corporate Performance

This paper tests the effect of fulfillment social responsibility of listed companies and the performance with social responsibility Index of listed companies prepared by the Shanghai National Accounting Institute.Finding shows that the implementation of social responsibility may not necessarily enhance the performance.However,a furher examining of the variables of corporate governance such as the size of board of directors,proportion of independent directors reveals that implementation of social responsibility will lead to a raising finance performance and growth.It is arugued that a sound corperate governance and a stratedgic plan with CSR is a must for a positive effect of corperate performance