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文章以上市公司为考察对象,利用2008—2014年数据研究了不同投资期限的机构投资者对企业履行社会责任的影响,并分行业进行了两者间的相关性分析。结果表明:长期机构投资者持股比例较高时,企业履行社会责任越积极;短期机构投资者持股比例较高时,企业社会责任表现越差,说明长期机构投资者相对于短期机构投资者更能参与公司治理,倡导企业履行社会责任。因此,有必要提高长期机构投资者的持股比例,督促企业积极承担社会责任,更好地维护社会和谐、资本市场稳定。
Taking the listed companies as the research object, the article uses the data of 2008-2014 to study the impact of institutional investors with different investment deadlines on corporate social responsibility fulfillment, and analyzes the correlation between the two. The results show that the higher the proportion of long-term institutional investors is, the more active the corporate social responsibility. The higher the proportion of short-term institutional investors, the worse the performance of corporate social responsibility, indicating long-term institutional investors relative to short-term institutional investors Better participate in corporate governance, promote corporate social responsibility. Therefore, it is necessary to increase the share of long-term institutional investors in their shareholdings and urge enterprises to actively shoulder their social responsibilities so as to better safeguard social harmony and stabilize the capital market.