中文摘要：

随着大量中资企业＂走出去＂,企业的海外社会责任问题日益显现并引发了关注。选取三地上市企业——中国铝业作为研究对象,运用事件研究法,分析了A股、H股、N股市场对中铝特罗莫克铜矿环境事件的反应情况。研究结果表明不同资本市场对海外社会责任事件的反应存在差异,A股波动剧烈,H股趋势平稳,N股精准及时。并且进一步发现,股权结构会影响资本市场对企业社会责任事件的反应程度,这一点在H股市场表现得特别明显。在制度建设和舆论引导的作用下,我国资本市场对企业社会责任的惩戒机制已经基本形成。

英文摘要：

As a large number of Chinese enterprises Going abroad. The overseas corporate social responsibility problem cause increasingly attention. This article selects Chinalco which listed in three areas of the capital market as the research object, using the event study method, analysis A shares market, H shares market and N shares market＇s reaction to the Chinalco Toromocho Copper Environment Event. The results show that the different capital markets have different response to the overseas social responsibility events. In specific capital market the volatility of A shares market is very severe, H shares market have a relatively stable trend, N shares market is accurate and timely. Further study found that the ownership structure also affects the capital market reaction to corporate social responsibility, which is particularly evident in the H share market. By comparing the recent ten years＇ scholars, it is found that, under the action of the system construction and public opinion guide, China＇s capital market＇s punishment mechanism of corporate social responsibility has been basically formed.