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本文以企业社会责任为视角,分析沪深300指数2012—2014年的企业样本数据,研究了企业履行社会责任对风险承担能力的影响。通过构建五个利益相关者的多元回归模型进行实证,结果表明企业履行对股东、债权人、政府、客户和员工的社会责任与风险承担能力正相关,这五个指标中影响风险承担能力最主要的是企业对股东、债权人以及客户的责任。本研究表明企业社会责任表现较好能为各利益相关方创造综合价值,满足其利益诉求,同时也是企业提高风险承担能力的有力手段。
From the perspective of corporate social responsibility, this paper analyzes the corporate sample data of Shanghai and Shenzhen 300 Index for 2012-2014 and studies the impact of corporate social responsibility on risk appetite. Empirical results show that corporate performance is positively related to the social responsibility and risk appetite of shareholders, creditors, government, customers and employees. The five indicators that affect the ability of risk appearing are the most important It is the business’s responsibility to shareholders, creditors and customers. This study shows that the better performance of corporate social responsibility for all stakeholders to create integrated value to meet their interest demands, but also enhance the ability of enterprises to assume a powerful means of risk.