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以国资委下属688家上市公司2011~2015年的数据为依据,探究金融发展、企业社会责任与银行贷款之间的关系,以及不同地区金融发展程度(发展不足、发展过度以及适度发展)在企业社会责任与银行贷款关系中的调节效应。研究结果表明:金融发展不足区域,企业社会责任与银行贷款负相关,金融发展与银行贷款负相关,金融发展不足在企业社会责任与银行贷款的负向关系中发挥正向调节效应;金融发展过度区域,企业社会责任与银行贷款正相关,金融发展与银行贷款负相关,金融发展过度在企业社会责任与银行贷款的正向关系中发挥反向调节效应;金融发展适度区域,企业社会责任与银行贷款正相关,金融发展与银行贷款正相关,金融发展适度在企业社会责任与银行贷款的正向关系中发挥正向调节效应。
Based on the data of 688 listed companies under SASAC from 2011 to 2015, this paper explores the relationship between financial development, corporate social responsibility and bank loans, as well as the relationship between financial development (underdevelopment, over-development and modest development) in different regions in enterprises Regulatory Effect in the Relationship between Social Responsibility and Bank Loans. The results show that corporate social responsibility is negatively related to bank loans, financial development is negatively related to bank loans, and financial development plays a positive regulatory role in the negative relationship between corporate social responsibility and bank loans. Regional, corporate social responsibility and bank loans are positively correlated, financial development and bank loans are negatively correlated, financial development overreaction in the positive relationship between corporate social responsibility and bank loans to play a reverse regulatory effect; moderate financial development, corporate social responsibility and banking Loans are positively correlated, and financial development is positively correlated with bank loans. The moderation of financial development plays a positive regulatory role in the positive relationship between corporate social responsibility and bank loans.