资源与产业 ›› 2022, Vol. 24 ›› Issue (2): 143-154.DOI: 10.13776/j.cnki.resourcesindustries.20211129.001

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建筑企业社会责任对企业价值的影响机制分析——冗余资源的调节效应

舒 欢,徐艺尹   

  1. 河海大学 商学院,江苏 南京 211100
  • 收稿日期:2021-03-16 修回日期:2021-09-11 出版日期:2022-04-20 发布日期:2022-04-23
  • 通讯作者: 徐艺尹
  • 作者简介:舒欢,博士、副教授,主要从事工程建筑企业社会责任研究。
  • 基金资助:
    国家社会科学基金项目(18BSH110)。

IMPACTING MECHANISM OF CONSTRUCTION COMPANIES' SOCIAL RESPONSIBILITIES ON VALUES BASED ON ADJUSTMENT OF REDUNDANT RESOURCE

SHU Huan, XU Yiyin   

  1. Business School, Hohai University, Nanjing 211100, China
  • Received:2021-03-16 Revised:2021-09-11 Online:2022-04-20 Published:2022-04-23
  • Contact: XU Yiyin
  • About author:E-mail:lenheng@aliyun.com

摘要: 以2014—2018年中国沪深A股266家建筑企业上市公司作为研究样本,从资源基础理论中的新古典经济学派和产业组织学派的观点出发,使用F检验和Hausman检验确定面板数据的模型形式,以进一步分析建筑企业社会责任与企业长、短期价值的内在联系。同时从企业有形资源和无形资源的视角出发,将冗余资源细分为未吸收冗余资源和已吸收冗余资源,研究冗余资源在建筑企业社会责任与企业长、短期价值之间的调节效应。结果显示建筑企业履行社会责任与企业短期价值不相关,与企业长期价值正相关,建筑企业社会责任对企业长、短期价值产生不同影响是由资源异质性决定的,任何资源在能够对企业战略与绩效发挥作用之前,需要与公司发展特征结合变成公司的异质性资源,进而才能带来竞争优势。未吸收冗余资源在社会责任与企业长、短期价值之间均发挥正向调节作用,而已吸收冗余资源均无调节作用,已吸收冗余资源的流动性较低,将其转化的时间成本较高,而未吸收冗余资源的流动性相对较高,为企业的生产经营活动提供了必要的资源支持,只有有效区分资源,才能对企业价值发挥更好的促进作用。结论进一步表明企业具有发展性和价值性的战略决定了公司特有的竞争优势,而企业战略的实施则依赖于企业所持有的不会被其竞争对手所复制的资源。我国建筑企业社会责任价值机制的进一步发展需要企业构建系统性的战略框架,有规划地将社会责任战略融入到企业长久经营中,研究为建筑企业履行社会责任提供新的研究视角与经验启示,亦为建筑企业合理利用冗余资源提升企业价值提供方向参考。

关键词: 社会责任, 短期价值, 长期价值, 冗余资源

Abstract: This paper, based on China's 266  listed construction companies from 2014 to 2018, uses F test and Hausman test to determine panel data model from new classic economic views and industrial organized views, which is employed to further analyze the connection between construction companies' social responsibilities and short- & long-term values. Companies' redundant resources, tangible or intangible, are divided into unabsorbed and absorbed resources, which plays adjustment in companies' social responsibilities and long- & short-term values. Results show that construction companies' performance of social responsibilities is not related to its short-term values, but positively to its long-term values, determined by their heterogenous resources, which may bring competitiveness for companies if any resources, combined with companies' development, are turned into heterogenous resources before they work for strategy and performances. Unabsorbed redundant resources positively adjust companies' social responsibilities, long- & short-term values due to their high fluidity supporting companies' operations, but absorbed resources do not work due to their low fluidity and high time cost if turned into unabsorbed resources. Resources that need be effectively classified can improve companies' performance. Companies' strategy of development and values determines their competitiveness. Conduction of strategy relies upon their unrepeatable resources. China's construction companies' social responsibilities need a systematic strategic framework integrating their social responsibilities into operations. This paper presents references for construction companies' performance of social responsibilities and use of redundant resources.

Key words: social responsibilities, short-term values, long-term values, redundant resources

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