财务与金融
財務與金融
재무여금융
ACCOUNTING AND FINANCE
2015年
4期
7-16
,共10页
企业社会责任战略%融资约束%实现路径
企業社會責任戰略%融資約束%實現路徑
기업사회책임전략%융자약속%실현로경
Corporate Social Responsibility Strategy%Financing Constraints%Realizing Path
本文在文献回顾的基础之上结合企业实践，深入分析了企业社会责任战略与企业融资约束间的关系。文章提出承担社会责任可以改善企业相关利益者关系，社会责任信息披露可以降低了企业的信息不对称，通过这两条路径，企业社会责任战略降低了企业的融资约束，进而为企业创造价值。相关的理论分析得到了经验证据的支持，这为企业战略管理和融资实践提供了理论支持和经验参考。
本文在文獻迴顧的基礎之上結閤企業實踐，深入分析瞭企業社會責任戰略與企業融資約束間的關繫。文章提齣承擔社會責任可以改善企業相關利益者關繫，社會責任信息披露可以降低瞭企業的信息不對稱，通過這兩條路徑，企業社會責任戰略降低瞭企業的融資約束，進而為企業創造價值。相關的理論分析得到瞭經驗證據的支持，這為企業戰略管理和融資實踐提供瞭理論支持和經驗參攷。
본문재문헌회고적기출지상결합기업실천，심입분석료기업사회책임전략여기업융자약속간적관계。문장제출승담사회책임가이개선기업상관이익자관계，사회책임신식피로가이강저료기업적신식불대칭，통과저량조로경，기업사회책임전략강저료기업적융자약속，진이위기업창조개치。상관적이론분석득도료경험증거적지지，저위기업전략관리화융자실천제공료이론지지화경험삼고。
On the basis of literature review combined with the enterprise practice, this paper further analyzes the relationship between the strategy of corporate social responsibility and financing constraints. The article put forward the social responsibility can improve enterprise stakeholders relations, social responsibility information disclosure can reduce the information asymmetry, through these two paths, corporate social responsibility strategy reduced the enterprise financing constraints, and create value for the enterprise. Related empirical evidence supported the theory analysis, and this provides theory support and experience reference for the enterprise strategic management and financing practice.
