本文選題：企業(yè)社會(huì)責(zé)任　切入點(diǎn)：管理層風(fēng)險(xiǎn)承擔(dān)　出處：《揚(yáng)州大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

【摘要】：近年來隨著金融危機(jī)的后續(xù)影響,我國實(shí)體經(jīng)濟(jì)能否在外部環(huán)境不確定因素的影響下平穩(wěn)健康發(fā)展越來越重要。在我國經(jīng)濟(jì)轉(zhuǎn)型升級、產(chǎn)業(yè)結(jié)構(gòu)調(diào)整的背景下,可以將管理層風(fēng)險(xiǎn)承擔(dān)作為一個(gè)契機(jī),以此促進(jìn)企業(yè)的價(jià)值增值、行業(yè)的蓬勃發(fā)展。在傳統(tǒng)的代理理論下,管理層與股東對風(fēng)險(xiǎn)的不同偏好,引發(fā)了學(xué)者對管理層風(fēng)險(xiǎn)承擔(dān)問題的興趣。管理層較高的風(fēng)險(xiǎn)承擔(dān),有助于企業(yè)獲得更高的投資回報(bào),提升未來財(cái)務(wù)績效,增強(qiáng)長期競爭優(yōu)勢,加快整個(gè)社會(huì)的資本積累,實(shí)現(xiàn)經(jīng)濟(jì)的長期增長。此外,隨著政府出臺(tái)各項(xiàng)有關(guān)企業(yè)社會(huì)責(zé)任的政策和指導(dǎo)性文件,將企業(yè)社會(huì)責(zé)任的問題提升到國家層面,引起了社會(huì)各界的廣泛討論�；诖�,本文圍繞企業(yè)社會(huì)責(zé)任對管理層風(fēng)險(xiǎn)承擔(dān)的具體作用,為推進(jìn)企業(yè)社會(huì)責(zé)任披露提供數(shù)據(jù)支持,豐富企業(yè)風(fēng)險(xiǎn)承擔(dān)影響因素的相關(guān)文獻(xiàn),進(jìn)而對我國推進(jìn)企業(yè)社會(huì)責(zé)任披露、規(guī)范公司風(fēng)險(xiǎn)承擔(dān)提供參考建議。本文采用理論分析與實(shí)證研究相結(jié)合的方法,對相關(guān)概念進(jìn)行界定后,以委托代理理論、利益相關(guān)者理論和信號(hào)傳遞理論為基礎(chǔ),對國內(nèi)外文獻(xiàn)研究進(jìn)行回顧和整理,發(fā)現(xiàn)已有學(xué)者對企業(yè)社會(huì)責(zé)任和風(fēng)險(xiǎn)承擔(dān)兩方面的研究已分別有不少成果,但鮮有文獻(xiàn)直接探討企業(yè)社會(huì)責(zé)任對管理層風(fēng)險(xiǎn)承擔(dān)的影響。因此本文構(gòu)建了企業(yè)社會(huì)責(zé)任與管理層風(fēng)險(xiǎn)承擔(dān)之間的模型,并納入公司治理這一調(diào)節(jié)變量,檢驗(yàn)其對二者關(guān)系的調(diào)節(jié)作用。實(shí)證方面,本文以2009-2015年我國滬深兩市A股上市公司為樣本,運(yùn)用描述性統(tǒng)計(jì)、相關(guān)性分析、回歸分析等方法,實(shí)證檢驗(yàn)本文的研究假設(shè)。研究結(jié)果表明,上市公司企業(yè)社會(huì)責(zé)任對管理層風(fēng)險(xiǎn)承擔(dān)有顯著的正向影響,不同的公司治理機(jī)制對二者關(guān)系的影響不同。本文的大部分假設(shè)得到驗(yàn)證,第一,企業(yè)社會(huì)責(zé)任披露得分越高,管理層風(fēng)險(xiǎn)承擔(dān)越高;第二,獨(dú)立董事比例、董事會(huì)規(guī)模、前三名高管薪酬、高級管理者持股比例等公司治理指標(biāo),能夠促進(jìn)企業(yè)社會(huì)責(zé)任對管理層風(fēng)險(xiǎn)承擔(dān)的正向影響作用;第三,第一大股東持股比例會(huì)削弱社會(huì)責(zé)任提高管理層風(fēng)險(xiǎn)承擔(dān)的作用,而兩職合一指標(biāo)的回歸結(jié)果不顯著。
[Abstract]:In recent years, with the subsequent impact of the financial crisis, it is more and more important for the real economy of our country to develop smoothly and healthily under the influence of the uncertain external environment. We can take the risk assumption of management as an opportunity to promote the value increment of enterprises and the flourishing development of the industry. Under the traditional agency theory, the managers and shareholders have different preferences for risk. It has aroused scholars' interest in the risk assumption of management. Higher risk taking by management can help enterprises to obtain higher return on investment, improve future financial performance, enhance long-term competitive advantage, and accelerate the capital accumulation of the whole society. Achieving long-term economic growth. In addition, with the adoption of various policies and guidance documents on corporate social responsibility by the Government, the issue of corporate social responsibility has been raised to the national level, which has aroused widespread discussion in all sectors of society. This paper focuses on the specific role of corporate social responsibility (CSR) on management risk, provides data support for the promotion of CSR disclosure, enriches the relevant literature on the influencing factors of corporate social responsibility, and then promotes CSR disclosure in China. This paper uses the method of combining theoretical analysis and empirical research to define the relevant concepts, based on the principal-agent theory, stakeholder theory and signaling theory. Reviewing and sorting out the domestic and foreign literature, it is found that there have been many achievements in the research of corporate social responsibility and risk bearing. However, there are few literatures directly discussing the influence of corporate social responsibility on the risk assumption of management. Therefore, this paper constructs a model between corporate social responsibility and risk assumption of management, and brings into account the regulatory variable of corporate governance. In the empirical aspect, taking the A-share listed companies of Shanghai and Shenzhen stock markets in China from 2009-2015 as a sample, using descriptive statistics, correlation analysis, regression analysis and so on, The results show that corporate social responsibility (CSR) has a significant positive impact on the risk assumption of the management. Most of the assumptions in this paper are verified. First, the higher the score of corporate social responsibility disclosure, the higher the risk of management; second, the proportion of independent directors, the size of the board of directors. The top three executive compensation, the proportion of senior managers holding shares and other corporate governance indicators can promote the positive impact of corporate social responsibility on management risks; third, The proportion of the first largest shareholder will weaken the role of social responsibility to increase the risk assumption of management, but the regression result of the two-in-one index is not significant.
【學(xué)位授予單位】：揚(yáng)州大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F270;F271;F272.3

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 劉傳俊;楊希;;企業(yè)社會(huì)責(zé)任對風(fēng)險(xiǎn)承擔(dān)能力影響的研究——基于利益相關(guān)者理論[J];當(dāng)代經(jīng)濟(jì);2016年22期

2 張敏;童麗靜;許浩然;;社會(huì)網(wǎng)絡(luò)與企業(yè)風(fēng)險(xiǎn)承擔(dān)——基于我國上市公司的經(jīng)驗(yàn)證據(jù)[J];管理世界;2015年11期

3 陳麗蓉;韓彬;楊興龍;;企業(yè)社會(huì)責(zé)任與高管變更交互影響研究——基于A股上市公司的經(jīng)驗(yàn)證據(jù)[J];會(huì)計(jì)研究;2015年08期

4 蘇坤;;管理層股權(quán)激勵(lì)、風(fēng)險(xiǎn)承擔(dān)與資本配置效率[J];管理科學(xué);2015年03期

5 石大林;;管理層薪酬激勵(lì)與公司風(fēng)險(xiǎn)承擔(dān)間的關(guān)系——基于動(dòng)態(tài)內(nèi)生性的經(jīng)驗(yàn)研究[J];金融發(fā)展研究;2015年01期

6 關(guān)伯明;鄧榮霖;;董事會(huì)結(jié)構(gòu)特征與公司風(fēng)險(xiǎn)承擔(dān)關(guān)系實(shí)證研究[J];現(xiàn)代管理科學(xué);2015年01期

7 崔勝凱;石大林;楊瓊;;管理層權(quán)力、投資機(jī)會(huì)與公司風(fēng)險(xiǎn)承擔(dān)[J];中國注冊會(huì)計(jì)師;2014年08期

8 李國平;韋曉茜;;企業(yè)社會(huì)責(zé)任內(nèi)涵、度量與經(jīng)濟(jì)后果——基于國外企業(yè)社會(huì)責(zé)任理論的研究綜述[J];會(huì)計(jì)研究;2014年08期

9 錢先航;徐業(yè)坤;;官員更替、政治身份與民營上市公司的風(fēng)險(xiǎn)承擔(dān)[J];經(jīng)濟(jì)學(xué)(季刊);2014年04期

10 尹開國;劉小芹;陳華東;;基于內(nèi)生性的企業(yè)社會(huì)責(zé)任與財(cái)務(wù)績效關(guān)系研究——來自中國上市公司的經(jīng)驗(yàn)證據(jù)[J];中國軟科學(xué);2014年06期

相關(guān)博士學(xué)位論文 前1條

1 沈洪濤;公司社會(huì)責(zé)任與公司財(cái)務(wù)業(yè)績關(guān)系研究[D];廈門大學(xué);2005年

，

本文編號(hào)：1581308