The Impact of Social Responsibility of Listed Companies in the Information Technology Industry on Corporate Value
one of the core driving forces of corporate social responsibility is to create value.Taking the listed companies in the in-formation technology industry as a sample,this paper studies the impact of their social responsibility on corporate value.The study found that the implementation of social responsibility of information technology enterprises can enhance their value,and the above conclusion is still valid after the robustness test.Further study found that the promoting role is more significant in non-state-owned enterprises and non-two-job integrated enterprises;institutional shareholding negatively regulates the value creation effect of social responsibility,while management shareholding plays a positive regulatory role.The mechanism test found that so-cial responsibility promotes the promotion of enterprise value through the improvement of internal control quality.
Information technologySocial responsibilityCorporate valueInternal control
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