一、概述国外已有大量关于企业社会责任与股票市场表现关系的实证研究,但是实证研究的结果并不一致,总的来看,认为两者之间存在积极关系的文献还是占多数。而国内已有文献关于企业社会责任与股票市场反应的实证研究较少,结论也不尽相同。陈玉清、马丽丽(2005)和朱凯(2009)运用自行设计的社会责任贡献指标与企 I. Overview There is a large amount of empirical research on the relationship between corporate social responsibility and stock market performance in foreign countries. However, the results of empirical research are not consistent. Generally speaking, there are still a large number of literature that there is a positive relationship between the two. However, there are few empirical studies on CSR and stock market response in domestic literature and the conclusions are not the same. Chen Yuqing, Ma Lili (2005) and Zhu Kai (2009) use self-designed social responsibility contribution indicators and enterprises