证券市场导报Issue(12)：13-22,44,11.
企业社会责任履行降低了商业信用供给吗?
摘要
Abstract
Using A-share listed companies from 2010 to 2021 as the research sample,this paper investigates the impact of corporate social responsibility(CSR)performance on the level of trade credit supply and its functioning mechanism.We find that CSR performance significantly reduces the amount of trade credit supply of responsible firms to downstream customers while controlling for the stability of the supply chain.The mechanism test reveals that CSR enhances the verifiability of relationship-specific investment information and improves bargaining power,thereby reducing customers'requirements on the product and financing functions of trade credit,ultimately decreasing the level of trade credit supply of responsible firms.Further research finds that the impact of CSR performance on trade credit is more significant in non-state-owned enterprises and when customers have lower levels of CSR performance.This paper provides insights into understanding the impact of CSR performance on bargaining power and transaction behaviors within the industrial chain,offering important implications for promoting CSR performance.关键词
企业社会责任/商业信用供给/信息可验证性/议价能力/供应链稳定性Key words
corporate social responsibility/trade credit supply/information verifiability/bargaining power/stability of supply chain分类
管理科学引用本文复制引用
王博,荣师竹..企业社会责任履行降低了商业信用供给吗?[J].证券市场导报,2024,(12):13-22,44,11.
