合资企业具有复杂的股权结构,这进一步影响着这类企业的企业社会责任表现。本文采用全国经济普查数据,整理出其中由国有资本与外资资本所构成的合资企业,并建立由社会利益、股东利益、员工利益所组成的企业社会责任评价模型。实证结果表明,合资企业中的外资比率越高,其股东利益、员工利益的保障越有效,但社会利益的保障则不明显。以上结论对改善我国企业的社会责任表现提供了很好的指导价值。
Joint venture (JV) has a complicated equity structure, which affects its performance of corporate social responsibility. Based on the national economic census data, the JV data composed by stated-owned equity and oversea-invested equity were collected. Performance evaluation model of corporate social responsibility is established from the perspectives of benefits of the society, stockholders and employees. Empirical result shows that: The higher ratio of foreign equity in a JV firm, the more efficiently the benefits of stockholders and employees can be protected, but social benefits are not better protected as a result. The above conclusioil will be very useful to improve the performance of corporate social responsibility of Chinese firms.