文献类型：期刊文献

中文题名：司法质量提升能改善企业社会责任脱耦吗?——基于巡回法庭设立的准自然实验

英文题名：Can Better Judicial Quality Decrease CSR Decoupling? A Quasi-natural Experiment Based on Circuit Court Establishment

作者：黄斯琪[1];麦勇[1];晏景瑞[2]

机构：[1]华东理工大学商学院,上海200237;[2]暨南大学经济学院,广东广州510632

年份：2024

卷号：46

期号：1

起止页码：33

中文期刊名：外国经济与管理

外文期刊名：Foreign Economics & Management

收录：CSTPCD;;国家哲学社会科学学术期刊数据库;北大核心:【北大核心2023】；CSSCI:【CSSCI2023_2024】；

基金：国家自然科学基金重大研究计划(92146002);国家社科基金后期资助项目(20FJYB057)。

语种：中文

中文关键词：司法质量提升;巡回法庭设立;企业社会责任脱耦

外文关键词：better judicial quality;circuit court establishment;CSR decoupling

摘要：本文以中国最高人民法院在2015年开始设立巡回法庭作为司法质量提升的准自然实验,基于2010—2020年沪深A股上市公司的研究样本,运用渐进双重差分模型评估了巡回法庭设立对企业社会责任脱耦的潜在影响。研究发现,巡回法庭设立能够显著改善企业社会责任脱耦,且该结论在经过一系列稳健性检验后依然成立。异质性分析发现,巡回法庭设立对企业社会责任脱耦的改善作用在法制环境较好地区和非社会责任敏感性行业中更显著。机制检验表明,巡回法庭设立通过震慑效应、地区同群效应和治理效应改善企业社会责任脱耦。进一步分析显示,巡回法庭设立有利于改善战略性社会责任脱耦,但对反应性社会责任脱耦的作用不显著。此外,经济后果检验表明,巡回法庭设立通过改善企业社会责任脱耦提升了企业投资效率。本文研究结论不仅为理解法治建设促进微观企业高质量发展提供了崭新视角,也为政府职能部门加强社会责任信息披露监管带来了实践启示。
This paper presents circuit court establishment as a quasi-natural experiment in judicial quality improvement.Based on the research samples of Chinese A-share listed companies from 2010 to2020,this study evaluates the potential impact of circuit court establishment on CSR decoupling.It is found that circuit court establishment can significantly decrease CSR decoupling,and the conclusion remains significant after a series of robustness tests.Heterogeneity analysis shows that the decreasing effect of circuit court establishment on CSR decoupling is more significant in areas with better legal environment and non-CSR-sensitive industries.The mechanism test shows that circuit court establishment decreases CSR decoupling through the deterrence effect,regional peer effect,and governance effect.Further analysis shows that circuit court establishment is conducive to decreasing strategic CSR decoupling,but has no significant effect on reactive CSR decoupling.In addition,the economic consequence test shows that better judicial quality improves firm investment efficiency by decreasing CSR decoupling.This paper expands the existing literature on the factors influencing CSR decoupling from a formal institutional perspective.The study provides theoretical support for the reform of China's judicial system in a deeper way.