摘要/Abstract

本文以资本结构决定为核心，探讨了企业社会责任与盈利能力对其影响的过程。本文以2008-2012年间A股上市公司作为实证样本，发现社会责任承担越高，则资本结构越高。进一步研究企业社会责任与盈利能力的交叉影响，发现在相同盈利能力的企业中，社会责任承担高的企业资本结构比社会责任承担低的企业资本结构高。而针对所有权差异的研究中，发现社会责任对国有企业的资本结构具有负向的影响。

This paper used decision of the capital structure as the core, explore the process of corporate social responsibility and profitability affect it. In this paper, I used A-share listed companies from 2008 to 2012 years as a demonstration samples and found that higher the social responsibility is, higher the capital structure. After further studying the cross-impact of corporate social responsibility and profitability, I found among the enterprises which had same profitability, ones who take higher social responsibility had higher capital structure than ones who take low social responsibility. Besides, Social responsibility was found to have a negative impact on the capital structure of state-owned enterprises among the study on different ownerships.