董事会性别多元化、企业社会责任与风险承担被引量：17

Gender Diversity of Board of Directors, Corporate Social Responsibility and Risk-Taking

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摘要本文以2005～2016年沪深A股上市公司的数据为样本,实证研究了董事会性别多元化对企业社会责任绩效与风险承担水平的影响效应,并在国有企业的样本中检验了企业社会责任绩效在董事会性别多元化与企业风险承担水平之间的调节作用。研究结果表明,董事会性别多元化对企业社会责任绩效具有显著的正向影响,对企业风险承担水平具有显著的负向影响,且在国有企业中这种负向影响更为显著;企业社会责任绩效与企业风险承担水平呈现显著的正相关。针对国有企业样本的进一步分析发现,企业社会责任绩效与董事会性别多元化二者的交互作用对企业风险承担水平具有显著的正向影响,并且会削弱董事会性别多元化对企业风险承担水平的负向影响,由此验证了提高女性董事比例能够促进企业履行社会责任,进而提升企业风险承担水平。 Based on the panel data of Shanghai and Shenzhen A-share listed companies from 2005 to 2016,this paper studied the effect of gender diversity of board of directors on corporate social responsibility and corporate risk-taking capability,and in the samples of state-owned enterprises,the adjusting function of corporate social responsibility between the gender diversity of the board of directors and corporate risk-taking capability is tested.The results show that the larger is the proportion of women in the board of directors,the higher is the corporate social responsibility performance,and the lower is the risk-taking capacity of enterprises.The negative effect is more obvious in state-owned enterprises.Moreover,there is a significant positive correlation between corporate social responsibility performance and corporate risk-taking capability.It is further found in the analysis of the samples of state-owned enterprises that the interaction between corporate social responsibility and the gender diversity of the board of directors has a significant positive impact on corporate risk-taking capability,and can weaken the negative effect of the gender diversity of the board of directors on corporate risk-taking capability.This further proves that increasing the proportion of female directors can promote the fulfillment of corporate social responsibility and improve the corporate risk-taking capability.

作者王欣阳镇 Wang Xin;Yang Zhen

机构地区中国社会科学院工业经济研究所中国社会科学院研究生院工业经济系

出处《中国社会科学院研究生院学报》 CSSCI 北大核心 2019年第2期33-47,共15页 Journal of Graduate School of Chinese Academy of Social Sciences

基金国家自然科学基金面上项目"竞争性国有企业混合所有制改革研究"(71472186) 国家社会科学基金重大项目"国有企业改革和制度创新研究"(15ZDA026) 国家社会科学基金青年项目"并购视角下企业杠杆率动态调整的理论与实证研究"(17CGL013)的阶段性成果

关键词董事会性别多元化企业社会责任企业风险承担利益相关方 board of directors gender diversity corporate social responsibility corporate risk-taking capability stakeholders

分类号 F275 [经济管理—企业管理]