金融理论与教学2024，Vol.42Issue(2)：51-59,9.
民营企业社会责任与融资约束
Social Responsibility and Financing Constraints of Private Enterprises:Based on the Moderating Effect of Investor Relationship Management
朱明秀 1林海月1
作者信息
- 1. 南京审计大学 会计学院,江苏 南京 211815
- 折叠
摘要
Abstract
Financing constraint is a difficult problem faced by private enterprises in the process of operation and development.Serious financing constraints will not only restrict the long-term development of private enterprises themselves,but also cause adverse effects on the further transformation and upgrading of China's economy.Taking 1080 A-share private listed companies in Shanghai and Shenzhen stock markets from 2010 to 2019 as samples,this paper studies the relationship between corporate social responsibility and financing constraints,the relationship between investor relationship management and financing constraints,and the moderating effect of investor relationship management on the relationship between corporate social responsibility and financing constraints.The results show that enterprises'active implementation of social responsibility can effectively alleviate financing constraints;strengthening investor relationship management can also effectively alleviate financing constraints.Moreover,investor relationship management has a moderating effect on the process of enterprises'implementation of social responsibility to alleviate financing constraints.关键词
社会责任/投资者关系管理/融资约束/调节效应Key words
social responsibility/investor relationship management/financing constraint/moderating effect分类
管理科学引用本文复制引用
朱明秀,林海月..民营企业社会责任与融资约束[J].金融理论与教学,2024,42(2):51-59,9.
