政治关联变更是否提高了企业社会责任水平?——来自“中组部18号文”的证据被引量：1

Do the Change in Political Affiliation Improve Corporate Social Responsibility?——Evidence from the“Document No.18”

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摘要本文以中组部18号文下发导致的官员独立董事强制辞职事件为准自然实验,根据公告手工搜集整理2013年10月至2015年10月期间的公司官员独立董事辞职数据,以2010~2019年中国沪深A股上市公司为研究样本,运用倾向得分匹配和双重差分法考察官员独立董事辞职导致的政治关联变更对企业社会责任的影响。研究发现:官员独立董事辞职后,企业会更加积极地履行社会责任和环境责任。该影响在市场竞争激烈、政府干预较强的企业中更显著。进一步的研究表明,企业将履行社会责任作为政治关联的战略替代工具以提升企业价值和绿色创新。本文的研究结论从政策效果(企业社会责任)上为优化政企关系和促进企业可持续发展提供了有效证据。 Based on the resignation of independent directors of officials caused by the issuance of Document No.18 of the Organization Department of the CPC Central Committee,this paper manually collects and sorts out the resignation data of independent directors of corporate officials from October 2013 to October 2015 according to the announcement,takes China's Shanghai and Shenzhen A-share listed companies from 2010 to 2019 as the research sample,and uses the propensity score matching and double difference method to investigate the impact of the loss of political association on corporate social responsibility.The study finds that after the resignation of independent directors,enterprises will be more active in fulfilling their social and environmental responsibilities.The impact is more pronounced for enterprises in their industries with fierce market competition and strong government intervention in their regions.Further research shows that companies use social responsibility as a politically linked strategic alternative tool to enhance corporate value and green innovation.The conclusion provides an effective argument for optimizing the relationship between government and enterprises and promoting the sustainable development of enterprises from the perspective of policy effect(corporate social responsibility).

作者李安然王凤荣李亚飞 LI Anran;WANG Fengrong;LI Yafei(Center for Economic Research,Shandong University,250100;School of Economics,Peking University,100091)

机构地区山东大学经济研究院山东大学北京大学经济学院

出处《制度经济学研究》 2023年第1期156-184,共29页 Research on Institutional Economics

基金国家社会科学基金一般项目(22BJY188) 山东省社科规划项目(21CJJJ09) 山东省自然科学基金面上项目(ZR2021MG011) 山东省人文社会科学项目(2020-NDJJ-07) 山东大学人文社会科学重大研究项目(19RWZD05)

关键词政治关联变更企业社会责任企业价值绿色创新 Change of Political Affliation Corporate Social Responsibility Corporate Value Green Innovation

分类号 F272 [经济管理—企业管理]

作者简介李安然,山东大学经济研究院博士研究生,地址:(250100)山东省济南市历城区山大南路27号山东大学中心校区,E-mail:lar135@126.com;通讯作者:王凤荣,山东大学教授、博士生导师,地址:(250100)山东省济南市历城区山大南路27号山东大学中心校区,E-mail:wangfengrong@sdu.edu.cn;李亚飞,北京大学经济学院博士后,地址:(100091)北京市海淀区颐和园路5号,E-mail:lyf94@pku.edu.cn。