摘要
慈善捐赠作为收入的"第三次分配"在救济社会弱势群体、提升社会整体福利、调节社会贫富差距等方面具有重要的社会意义。利用2003-2010年我国沪深两市A股主板上市公司数据,检测了中国上市公司慈善捐赠对公司财务业绩的影响及其影响的滞后性。研究结果表明,慈善捐赠不仅与公司当期财务业绩正相关,而且对公司滞后两期的财务业绩也有积极的影响,但慈善捐赠对企业财务业绩影响的持续性有限。
As ＂the third distribution＂ of earnings, charitable donations have an important social significance in relieving social vulnerable groups, promoting overall social welfare and adjusting the social gap between the rich and the poor. Using as sample A - share listed companies on main board in Shanghai and Shenzhen Stock Exchange from 2003 to 2010, this paper empirically ex- amines the impacts of corporate giving on its financial performance as well as the hysteresis nature of the impacts. The findings suggest that corporate giving has a dominant positive influence on financial results not only currently but one year or two years lat- er, though the impact is limited.
出处
《集美大学学报（哲学社会科学版）》
2013年第3期48-55,共8页
Journal of Jimei University：Philosophy and Social Sciences
基金
教育部人文社会科学研究一般项目(13YJA790053)
关键词
慈善捐赠
财务业绩
影响
charitable donation
financial performance
impact
