摘要
文章基于2015—2019年石油石化企业面板数据,实证分析企业技术创新投入对企业价值的影响及社会责任承担在其中起到的中介作用。结果表明:企业技术创新投入的增加能显著提升企业价值;企业社会责任承担在技术创新投入对企业价值的显著正向影响中发挥部分中介作用。同时,由于石油石化产业链上游及中游企业对技术创新需求高、投入大,从产业链板块视角进一步分析发现:相比下游企业,中上游企业的技术创新投入对企业价值的促进作用更显著。国家要从投入视角鼓励和支持石油石化企业技术创新,企业也要积极承担社会责任,进而提升企业价值。
Based on the panel data of petroleum and petrochemical companies from 2015 to 2019,this paper makes an empirical analysis about the impact of technological innovation investment on corporate value and the mediating role of social responsibility commitment.The results show that an increase in technological innovation investment of enterprises can significantly enhance their value and the commitment of their social responsibility partly plays an intermediary role in the significant positive impact of technological innovation investment on enterprise value.A further analysis from the perspective of the industrial chain segment reveals that due to their higher demand for technological innovation and larger investment the technological innovation investment of mid-and upstream enterprises has a more significant role in promoting enterprise value compared with downstream ones.Therefore,the government should encourage and support the technological innovation of petroleum and petrochemical enterprises from the perspective of investment,and enterprises should also actively undertake their social responsibilities,thereby enhancing their corporate value.
作者
闫欢
赵晨静
陈婕
Yan Huan;Zhao Chenjing;Chen Jie
出处
《科技广场》
2022年第1期16-26,共11页
Science Mosaic
基金
2021年陕西省软科学项目“低碳经济背景下技术创新驱动陕西能源企业碳减排的路径研究”(项目编号:2021KRM248)。
关键词
石油石化
技术创新投入
社会责任
企业价值
Petroleum and Petrochemical
Technological Innovation Investment
Social Responsibility
Corporate Value
