CAJ | 학술논문

工业企业在考虑自身发展的前提下，是否要承担社会责任？承担社会责任对自身发展究竟是一种激励还是一种限制？已成为关注的焦点。选取2009—2013年的中国沪、深两市公司作为样本，实证研究了企业履行社会责任对面临融资约束的影响，并对不同的行业进行了区分，得出了以下结论：企业履行社会责任能够缓解融资约束程度；工业企业面临更高程度的融资约束；当面临融资约束时，工业企业更容易通过履行社会责任降低融资约束程度。为工业企业在谋求自身发展与履行社会责任两者之间寻找平衡点提供有价值的指导。
공업기업재고필자신발전적전제하，시부요승담사회책임？승담사회책임대자신발전구경시일충격려환시일충한제？이성위관주적초점。선취2009—2013년적중국호、심량시공사작위양본，실증연구료기업리행사회책임대면림융자약속적영향，병대불동적행업진행료구분，득출료이하결론：기업리행사회책임능구완해융자약속정도；공업기업면림경고정도적융자약속；당면림융자약속시，공업기업경용역통과리행사회책임강저융자약속정도。위공업기업재모구자신발전여리행사회책임량자지간심조평형점제공유개치적지도。
Increasing attention has been focused on whether an industrial enterprise should take social responsibilities on the premise of consider-ing its own development, and if do, a motivation for or a restriction on its development. Empirical research has been carried out to find the effects of taking social responsibilities by enterprises on financing constraints, with samples of selected ones in Shanghai and Shenzhen from 2009 to 2013 which are classified according to their industries. The following conclusions have been drawn:first, taking their social responsibilities can help enter-prises to relieve financing constraints to some degree;second, industrial enterprises face a higher level of financing constraints;third, while facing fi-nancing constraints, it’s much easier for industrial enterprises to decrease the degree of financing constraints through taking social responsibilities. This paper is aimed at providing valuable instructions on finding a balance point between seeking own development and taking social responsibilities for industrial enterprises.