[an error occurred while processing this directive] [an error occurred while processing this directive] [an error occurred while processing this directive]
[an error occurred while processing this directive]
Mining Technology and Mine Management

Corporate Social Responsibility,Human Capital Quality and Performance of Chinese Resource-based Enterprises

  • Minggui ZHENG , 1, 2 ,
  • Simin TAO , 1 ,
  • Qunting PENG 1 ,
  • Lizhen LIU 1
Expand
  • 1. School of Economics and Management, Jiangxi University of Science and Technology, Ganzhou 341000, Jiangxi, China
  • 2. School of Management, University of Science and Technology of China, Hefei 230026, Anhui, China

Received date: 2022-11-07

  Revised date: 2023-01-18

  Online published: 2023-07-20

Highlights

Based on stakeholder theory and social exchange theory,this paper analyzes the impact of resource-based enterprises’ fulfillment of social responsibility on enterprise performance from two aspects of cost payment and benefit inflow,and discusses human capital from the aspects of information communication efficiency and resource allocation efficiency.Using the panel data of China’s Shanghai and Shenzhen A-share listed resource-based companies from 2011 to 2020,this paper conducts an empirical analysis on the relationship between corporate social responsibility(CSR) and corporate performance,and constructs a regression model of curve adjustment effect to investigate the impact of human capital quality on corporate social responsibility.The study found that the impact curve of CSR on the performance of resource-based enterprises is an inverted U-shaped of first promoting and then suppressing,appropriate CSR performance of resource-based enterprises can significantly improve performance,while excessive CSR performance of resource-based enterprises will damage performance.The quality of human capital has a significant moderating effect on the inverted U-shaped relationship between corporate social responsibility and resource-based enterprise perfor-mance.The possession of high-quality human capital in resource-based enterprises will significantly reduce the negative impact of corporate social responsibility on performance,improve the positive impact to a limited extent,make the curve form smoother,and shift the inflection point to the right.This study has important enlightenment significance for guiding resource-based enterprises to fulfill their social responsibilities.

Cite this article

Minggui ZHENG , Simin TAO , Qunting PENG , Lizhen LIU . Corporate Social Responsibility,Human Capital Quality and Performance of Chinese Resource-based Enterprises[J]. Gold Science and Technology, 2023 , 31(3) : 464 -476 . DOI: 10.11872/j.issn.1005-2518.2023.03.167

[an error occurred while processing this directive]

新疆阿勒泰加大矿产勘探和增储上产力度

据7月4日报道,近年来,新疆阿勒泰地区依托优越地质条件和丰富矿产资源,积极推进绿色矿业发展,加大矿产资源勘探开发和增储上产力度,助力区域经济社会发展。

据介绍,该地区2023年计划投入矿产资源勘查资金2.15亿元,已初步落实项目57个,预期提交可开展进一步工作靶区、公开出让勘查区块20处左右;“探转采”达产实现新增长,对接指导12个探矿权完成资源储量评审备案,加快办理2个铁矿、2个天然石英砂矿“探转采”前期手续。同时,该地区矿山复产扩产实现新进展。自然资源主管部门联系解决停产矿山企业实际困难,使阿勤泰市华通矿业塔拉特铅锌矿、福海县明进矿业铁矿等停产矿山陆续复工,并协调有扩产意向的富蕴县蒙库铁矿、哈巴河县华泰托库孜巴依金矿办理采矿权变更手续。

此外,该地区推进精深加工产业取得突破,出台《关于推进阿勒泰地区工业高质量发展实施意见》,提高矿产资源开发利用效率,计划筹建铜、铅、锌等冶炼企业,估算可提升产值12亿元以上;支持矿山企业增产,加大钒钛磁铁矿勘查开发利用、技术改造力度,促进实现钛精粉采选、欧冶钒钛综合利用;战略性矿产加工取得突破,开展5个锂矿普查区块及外围锂矿调查评价,力争提供可提交进一步勘查或出让的锂矿区块1~2处,依托富蕴、青河工业园区,发展铜钴铅锌+钽、铌、铍、锂等稀有金属冶炼加工产业,促进形成稀有金属探、采、选、冶、加工和综合利用全产业链。

http://www.goldsci.ac.cn/article/2023/1005-2518/1005-2518-2023-31-3-464.shtml

Chen Cheng Wang Zongjun2013.Connotation of corporate social responsibility based on generalizing capital[J].Science and Technology Progress and Policy30(12):92-97.

Chun L L Bin L Wei S2017.Employee quality,monitoring environment and internal control[J].China Journal of Accounting Research10(1):51-70.

Cui Dengfeng Shao Wei2018.Corporate social responsibility,marketing capabilities and corporate firm performance—Moderating role of environmental uncertainty[J].Research on Economics and Management39(7):134-144.

Du Yong Sui Xin2021.Controlling Shareholder equity pledge and real enterprise financialization—From the perspective of tunneling and the risk of losing control rights[J].Accounting Research400(2):102-119.

Du Yunzhou Zhang Yuli Ren Bing2012.Reveal or hide competitive advantage: The U-shaped relationship between competitor orientation and performance in new firms and the mediating role of organizational legitimacy[J].Journal of Management World226(7):96-107.

Dunfee T W2006.A critical perspective of integrative social contracts theory:Recurring criticisms and next generation research topics[J].Journal of Business Ethics68(3):303-328.

Feng Liyan Xiao Xiang Cheng Xiaoke2016.Effect of corporate social responsibility on firm risk: Based on the economic conditions of China[J].Nankai Business Review19(6):141-154.

Friedman M1962.Capitalism and Freedom [M].Chicago:University of Chicago Press.

Friedman M1970.The social responsibility of business is to increase its profits[J].New York Times Magazine13(9):32-122.

Haans R F J Pieters C He Z L2016.Thinking about U:Theorizing and testing U-and inverted U‐shaped relationships in strategy research[J].Strategic Management Journal37(7):1177-1195.

Haley U C V1991.Corporate contributions as managerial mas-ques: Reframing corporate contributions as strategies to influence society[J].Journal of Management Studies28(5):485-510.

Hao Zutao Yan Liang Xie Xiongbiao,et al,2014.Identification and analysis on critical influencial factors of green behavior decision-making for enterprises in resource-based industry cluster[J].China Population,Resources and Environment24(10):170-176.

Huang Jun Guo Zhijiao2015.Performance of corporate social responsibility and enhancement of corporate value—An empirical study based on the mediating role of technology innovation[J].East China Economic Management29(3):29-34.

Jensen M C2001.Value maximization,stakeholder theory,and the corporate objective function[J].Journal of Applied Corporate Finance14(3):8-21.

Jiang Jie Li Zuozhi2017.Research on the relationship between corporate social responsibility and performance in equipment manufacturing industry—Based on the moderating role of technological innovation input[J].Journal of Southeast University(Philosophy and Social Science)19(Supp.1):134-137.

Kang Yimin Zhu Xianqi Li Xuelian2020.Empirical syudy on the impact of corporate social responsibility to innovation performance of medical enterprises[J].Science and Technology Progress and Policy37(11):109-116.

Krueger P2015.Corporate goodness and shareholder wealth[J].Journal of Financial Economics115(2):304-329.

Luo Jiaqi Kuang Haibo Shen Siyi2019.Impact of corporate social responsibility on financial performance by taking the transportation industry as an example[J].Science Research Management40(2):199-208.

Luo Yanmei2020.Employee compensation incentive,knowledge and ability and quality of internal control quality: Empirical evidence from listed manufacturing companies in China[J].Journal of Nanjing Audit University17(5):51-60.

Meng Tao Xu Guanglin2020.Patent application,venture financing and unicorn corporate valuation and growth[J].Studies in Science of Science38(8):1444-1450.

Orlitzky M Schmidt F L Rynes S L2003.Corporate social and financial performance: A meta-analysis[J].Organization Studies24(3):403-441.

Qiang Guoling Yan Jie2012.Does institutional change improve the effectiveness of corporate governance:Empirical evidences from ownership-split reform[J].Finance and Eco-nomics293(8):58-66.

Rajagopalan N Spreitzer G M1997.Toward a theory of strategic change: A multi-lens perspective and integrative framework[J].The Academy of Management Review22(1):48-79.

Schaltegger S Synnestvedt T2002.The link between ‘green’ and economic success: Environmental management as the crucial trigger between environmental and economic performance[J].Journal of Environmental Management65(4):339-351.

Song Bo Kang Nian2021.State-owned enterprises based on technological and institutional innovation[J].Reform of Economic System231(6):90-97.

Suo Jian Li Xianjun2015.An empirical study on human capital and enterprise performance of small and medium-sized enterprises—Taking small and medium-sized listed companies as an example[J].Inquiry into Economic Issues398(9):185-190.

Tan Yuening Huang Sujian2020.Research on the effect of sources of central enterprise managers on enterprise performance[J].Reform of Economic System221(2):97-104.

Tang Pengcheng Yang Shuwang2016.Research on corporate social responsibility investment pattern:Based on value criterion[J].China Industrial Economics340(7):109-126.

Turban D B Greening D W1997.Corporate social performance and organizational attractiveness to prospective employees[J].The Academy of Management Journal40(3):658-672.

Wang Chunyang Lan Zongmin Zhang Chao,et al,2020.High-speed rail construction,human capital migration and regional innovation[J].China Industrial Economics,(12):102-120.

Wang Fengping Wu Yun Zhou Yiqing2019.An empirical study on the effects and ways of embedding globel value chains on the technological progress of resource-based industries[J].Macroeconomics247(6) : 83-94.

Wang Fengzheng Guo Xiaochuan2015.Effects of environmental regulation intensity on green technological innovation of resource-based industries[J].China Population,Resources and Environment25(Supp.1):143-146.

Wang Shiquan Li Kai2009.Deconstruction of corporate social responsibility: Logical starting point,conceptual model and performance essentials[J].Foreign Economics and Management31(6):25-31.

Wen Zhonglin Hou Jietai Zhang Lei2005.A comparison of moderator and mediator and their applications[J].Acta Psychologica Sinica,(2):268-274.

Yan Aimin Li Ge2016.A cross-level research on corporate social responsibility’s impact on employee performance:Mediating role of perceived organizational support and perceived external prestige[J].Management Review28(1):121-129.

Ye Songqin Huang Jin Liao Feimei2020.Information sharing,financing methods and corporate investment efficiency[J].Journal of Jiangxi University of Finance and Economics130(4):40-52.

Yu Hongyan Huang Xiaozhi Cao Xin2015.The relationship between corporate social responsibility and corporate performance,the moderating role of enterprises’ social capital[J].Management Review27(1):169-180.

Zhang Hong Luo Lanying2021.Research on the synergistic effect of competitive startegy and social responsibility on enterprise market performance[J].Chinese Journal of Management18(8):1204-1211,1219.

Zhang Xue Wei Hong2021.Corporate social responsibility,technological innovation and business performance[J].Statistics and Decision37(5):157-161.

Zhou Fangzhao Gao Qiaolin Fu Hui2021.Lcing on the cake or gilding the lily?—An empirical study on the market performance of good enterprises in China’s A-share market[J].Review of Investment Studies40(7):128-141.

Zhou Xiang Zhang Wukang2021.An empirical study on the relationship between corporate social responsibility and corporate performance in the oil and gas industry[J].Journal of Xi’an University of Finance and Economics34(6):108-117.

陈承,王宗军,2013.广义资本视角下企业社会责任内涵界定[J].科技进步与对策30(12):92-97.

崔登峰,邵伟,2018.企业社会责任、营销能力与企业绩效——基于环境不确定性的调节[J].经济与管理研究39(7):134-144.

杜勇,眭鑫,2021.控股股东股权质押与实体企业金融化——基于“掏空”与控制权转移的视角[J].会计研究400(2):102-119.

杜运周,张玉利,任兵,2012.展现还是隐藏竞争优势:新企业竞争者导向与绩效U型关系及组织合法性的中介作用[J].管理世界226(7):96-107.

冯丽艳,肖翔,程小可,2016.社会责任对企业风险的影响效应——基于我国经济环境的分析[J].南开管理评论19(6):141-154.

郝祖涛,严良,谢雄标,等,2014.集群内资源型企业绿色行为决策关键影响因素的识别研究[J].中国人口·资源与环境24(10):170-176.

黄珺,郭志娇,2015.社会责任履行与企业价值提升——基于技术创新中介作用的实证研究[J].华东经济管理29(3):29-34.

蒋杰,李作志,2017.装备制造业的企业社会责任与绩效关系研究——基于技术创新投入的调节作用[J].东南大学学报(哲学社会科学版)19(增1):134-137.

康益敏,朱先奇,李雪莲,2020.企业社会责任对医药企业创新绩效影响的实证研究——动态能力的中介作用[J].科技进步与对策37(11):109-116.

罗艳梅,2020.员工薪酬激励、知识能力与内部控制质量——来自中国制造业上市公司的经验证据[J].南京审计大学学报17(5):51-60.

骆嘉琪,匡海波,沈思祎,2019.企业社会责任对财务绩效的影响研究——以交通运输行业为例[J].科研管理40(2):199-208.

孟韬,徐广林,2020.专利申请、创业融资与独角兽企业估值及成长性[J].科学学研究38(8):1444-1450.

强国令,闫杰,2012.制度变迁是否改善了公司治理效应——来自股权分置改革的经验证据[J].财经科学293(8):58-66.

宋波,康年,2021.技术和制度创新驱动下国企混合所有制改革的绩效研究[J].经济体制改革231(6):90-97.

锁箭,李先军,2015.中小企业人力资本与企业绩效的实证研究——以中小上市公司为例[J].经济问题探索398(9):185-190.

谭玥宁,黄速建,2020.央企管理者来源对企业绩效的影响效果研究[J].经济体制改革221(2):97-104.

唐鹏程,杨树旺,2016.企业社会责任投资模式研究:基于价值的判断标准[J].中国工业经济340(7):109-126.

王春杨,兰宗敏,张超,等,2020.高铁建设、人力资本迁移与区域创新[J].中国工业经济,(12):102-120.

王锋正,郭晓川,2015.环境规制强度对资源型产业绿色技术创新的影响——基于2003—2011年面板数据的实证检验[J].中国人口·资源与环境25(增1):143-146.

王凤平,吴允,周祎庆,2019.嵌入全球价值链影响资源型产业技术进步效果及途径的实证研究[J].宏观经济研究247(6):83-94.

王世权,李凯,2009.企业社会责任解构:逻辑起点、概念模型与履约要义[J].外国经济与管理31(6):25-31.

温忠麟,侯杰泰,张雷,2005.调节效应与中介效应的比较和应用[J].心理学报,(2):268-274.

颜爱民,李歌,2016.企业社会责任对员工行为的跨层分析——外部荣誉感和组织支持感的中介作用[J].管理评论28(1):121-129.

叶松勤,黄瑾,廖飞梅,2020.信息共享、融资方式与企业投资效率[J].江西财经大学学报130(4):40-52.

于洪彦,黄晓治,曹鑫,2015.企业社会责任与企业绩效关系中企业社会资本的调节作用[J].管理评论27(1):169-180.

张宏,罗兰英,2021.竞争战略与社会责任对企业市场绩效的协同效应研究[J].管理学报18(8):1204-1211,1219.

张雪,韦鸿,2021.企业社会责任、技术创新与企业绩效[J].统计与决策37(5):157-161.

周方召,高巧林,付辉,2021.锦上添花还是画蛇添足?——“好”企业做“好”事的股票市场表现[J].投资研究40(7):128-141.

周翔,张武康,2021.油气行业企业社会责任与企业绩效关系实证研究[J].西安财经大学学报34(6):108-117.

Outlines

/

[an error occurred while processing this directive]