社会责任对国有企业成本粘性的影响研究——基于股权集中度的调节效应

Research on the Impact of Social Responsibility on the Cost Stickiness of State-Owned Enterprises—Regulatory Effect Based on Ownership Concentration

摘要: 本文选取2010~2019年沪深A股国有企业数据探究企业社会责任、股权集中度与成本粘性之间的关系。研究结果表示：社会责任履行水平越高，越有利于降低企业成本粘性。股权集中度越高会削弱社会责任对成本粘性的抑制作用。因此国有企业应继续积极响应国家政策履行社会责任，同时要保持合适的股权集中度水平。

Abstract: This paper selects the data of A-share state-owned enterprises in Shanghai and Shenzhen from 2010 to 2019 to explore the relationship between corporate social responsibility, ownership con-centration and cost stickiness. The results show that the higher the level of social responsibility performance, the more conducive to reduce the Cost Stickiness of enterprises. The higher the own-ership concentration, the weaker the inhibitory effect of social responsibility on Cost Stickiness. Therefore, state-owned enterprises should continue to actively respond to national policies and ful-fill social responsibilities, while maintaining an appropriate level of equity concentration.