摘要
文章采用2009-2013年中国A股上市公司的数据,研究了企业社会责任信息披露对R&D投资的影响。研究发现企业社会责任信息披露能够促进R&D投资。企业社会责任信息披露水平越高,企业的R&D投资受到的融资约束程度越低,进而提升R&D投资强度。
By analyzing the data of 2009-2013 A-share listed companies in China, this paper explores the influence of social responsibility of enterprises on R＆D investment. It is found that social responsibility disclosure will promote R＆D investment. The higher level of disclosure, the lower level of restriction on R＆D investment financing and the heavier R＆ D investment.
出处
《福建师大福清分校学报》
2016年第5期113-119,共7页
Journal of Fuqing Branch of Fujian Normal University
关键词
R&D投资
社会责任信息披露
融资约束
R＆D investment
social responsibility disclosure
financing restriction
