境外机构投资者持股对企业社会责任的影响

doi:10.12068/j.issn.1005-3026.2023.12.016

东北大学学报（自然科学版） ›› 2023, Vol. 44 ›› Issue (12): 1791-1797.DOI: 10.12068/j.issn.1005-3026.2023.12.016

境外机构投资者持股对企业社会责任的影响

刘烨，张思源，魏欣莉

(东北大学工商管理学院，辽宁沈阳110169)

发布日期:2024-01-30
通讯作者: 刘烨
作者简介:刘烨(1969-)，女，辽宁沈阳人，东北大学副教授.
基金资助:
中央高校基本科研业务费专项资金资助项目(N2006003).

Impact of Forign Institutional Investors’ Shareholding on Corporate Social Responsibility

LIU Ye， ZHANG Si-yuan， WEI Xin-li

School of Business Administration， Northeastern University， Shenyang 110169， China.

Published:2024-01-30
Contact: ZHANG Si-yuan
About author:-
Supported by:
-

摘要/Abstract

摘要： 以2010~2020年我国A股上市公司为研究样本，探究境外机构投资者持股比例对企业社会责任的影响，并将内部控制作为中介变量，制度环境作为调节变量，进一步验证境外机构投资者持股比例与企业社会责任之间的内在机理.结果表明，企业的境外机构投资者持股比例与企业社会责任之间有显著的正相关关系；企业内部控制能够在两者之间发挥中介作用；制度环境对境外机构投资者持股比例与企业社会责任之间的关系具有一定的调节作用.

关键词: 境外机构投资者；企业社会责任；内部控制；制度环境；市场化指数

Abstract: Taking A-share listed companies in China from 2010 to 2020 as research samples， the impact of foreign institutional investors’ shareholding ratio on corporate social responsibility is explored， and internal control is used as an intermediary variable and institutional environment as a moderating variable to further verify the internal mechanism between foreign institutional investors’ shareholding ratio and corporate social responsibility. The results indicate that there is a significant positive correlation between the shareholding ratio of foreign institutional investors and corporate social responsibility， enterprises’ internal control can play a mediating role between the two， and the institutional environment has a certain moderating effect on the relationship between the shareholding ratio of foreign institutional investors and corporate social responsibility.

Key words: foreign institutional investor; corporate social responsibility; internal control; institutional environment; marketization index

中图分类号:

F272.7

刘烨，张思源，魏欣莉. 境外机构投资者持股对企业社会责任的影响[J]. 东北大学学报（自然科学版）, 2023, 44(12): 1791-1797.

LIU Ye， ZHANG Si-yuan， WEI Xin-li. Impact of Forign Institutional Investors’ Shareholding on Corporate Social Responsibility[J]. Journal of Northeastern University(Natural Science), 2023, 44(12): 1791-1797.

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境外机构投资者持股对企业社会责任的影响

Impact of Forign Institutional Investors’ Shareholding on Corporate Social Responsibility

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