本文選題：社會(huì)責(zé)任投資基金 + 企業(yè)社會(huì)責(zé)任　； 參考：《電子科技大學(xué)》2017年碩士論文

【摘要】：隨著社會(huì)責(zé)任投資基金(Social Socially responsibleInvestment以下簡(jiǎn)稱SRI)的興起,不斷有學(xué)者就該類投資基金對(duì)企業(yè)社會(huì)責(zé)任(coporate social responsible,以下簡(jiǎn)稱CSR)的影響進(jìn)行探討。本文旨在利用我國(guó)社會(huì)責(zé)任投資基金的數(shù)據(jù),從理論和實(shí)證兩方面就我國(guó)社會(huì)責(zé)任投資基金持股對(duì)企業(yè)社會(huì)責(zé)任的影響展開(kāi)相關(guān)研究。首先,本文基于信息不對(duì)稱、信號(hào)傳遞等相關(guān)理論,對(duì)Gollier(2014)的模型進(jìn)行拓展,探討在信息不對(duì)稱的情況下,社會(huì)責(zé)任投資基金對(duì)企業(yè)社會(huì)責(zé)任的影響機(jī)理。其次,根據(jù)理論模型及相關(guān)文獻(xiàn),本文提出了四個(gè)研究假設(shè)。并基于利益相關(guān)者理論,利用因子分析法構(gòu)建CSR衡量指標(biāo),結(jié)合我國(guó)社會(huì)責(zé)任投資基金2007-2014的數(shù)據(jù),采用多元回歸分析對(duì)樣本企業(yè)進(jìn)行了實(shí)證檢驗(yàn)。理論和實(shí)證研究表明:社會(huì)責(zé)任投資基金持股對(duì)企業(yè)社會(huì)責(zé)任具有促進(jìn)作用。社會(huì)責(zé)任投資基金投資持股越多,企業(yè)社會(huì)責(zé)任表現(xiàn)越好。另外,通過(guò)加入交互項(xiàng)回歸以及分組回歸,我們還發(fā)現(xiàn)社會(huì)責(zé)任投資基金持股與企業(yè)社會(huì)責(zé)任的關(guān)系還受到基金持股時(shí)長(zhǎng)、企業(yè)規(guī)模大小以及股權(quán)集中度大小的調(diào)節(jié)作用。具體而言,基金持股時(shí)間越長(zhǎng)、企業(yè)規(guī)模越大,社會(huì)責(zé)任投資基金對(duì)企業(yè)社會(huì)責(zé)任的影響也越大。而相較于股權(quán)集中度較高的企業(yè),社會(huì)責(zé)任投資基金持股對(duì)股權(quán)集中度較低的企業(yè)的影響更大,但這種差異并不明顯。最后,本文通過(guò)關(guān)鍵變量替換對(duì)研究結(jié)果進(jìn)行穩(wěn)健性檢驗(yàn)。本文的研究一方面探討了社會(huì)責(zé)任投資基金對(duì)企業(yè)社會(huì)責(zé)任的影響,豐富了相關(guān)社會(huì)責(zé)任影響因素的研究,具有一定的學(xué)術(shù)價(jià)值。另一方面,檢驗(yàn)社會(huì)責(zé)任投資基金對(duì)企業(yè)社會(huì)責(zé)任的促進(jìn)作用,為推動(dòng)我國(guó)社會(huì)責(zé)任投資基金的發(fā)展提供理論依據(jù),具有一定的實(shí)踐意義。
[Abstract]:With the rise of Social socially responsible Investment (Sri), some scholars have been discussing the influence of CSR on CSR (CSR). The purpose of this paper is to make use of the data of social responsibility investment fund in China to study the influence of social responsibility investment fund shareholding on corporate social responsibility from both theoretical and empirical aspects. Firstly, based on the theory of information asymmetry and signal transmission, this paper extends Gollier's (2014) model and discusses the influence mechanism of CSR investment fund on corporate social responsibility under the condition of asymmetric information. Secondly, according to the theoretical model and related literature, this paper puts forward four hypotheses. Based on stakeholder theory, the CSR measurement index is constructed by factor analysis method. Combined with the data of China's social responsibility investment fund 2007-2014, the sample enterprises are tested by multiple regression analysis. The theoretical and empirical studies show that the CSR investment fund ownership plays an important role in promoting corporate social responsibility (CSR). The more social responsibility investment fund shares, the better corporate social responsibility performance. In addition, by adding interactive item regression and grouping regression, we also find that the relationship between CSR investment fund shareholding and corporate social responsibility is also regulated by the duration of the fund holding, the size of the enterprise and the concentration of equity. Specifically, the longer the holding time of the fund, the larger the size of the enterprise, and the greater the impact of the social responsibility investment fund on corporate social responsibility. Compared with the enterprises with higher degree of equity concentration, the CSR investment fund has more influence on the enterprises with lower concentration of equity, but the difference is not obvious. Finally, the robustness of the research results is tested by the substitution of key variables. On the one hand, this paper discusses the influence of social responsibility investment fund on corporate social responsibility, which enriches the research on the influencing factors of social responsibility, and has certain academic value. On the other hand, it is of practical significance to test the promoting effect of social responsibility investment fund on corporate social responsibility, and to provide theoretical basis for promoting the development of social responsibility investment fund in China.
【學(xué)位授予單位】：電子科技大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F270;F832.51

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