企业的社会责任具有内外两种属性，利益相关维度体现了对内的
利益回报和对外的社会担当。企业履行社会责任不仅是奉献与牺牲，
也是协同与成就，在付出的同时获得有助于企业发展的要素。社会责
任与企业财务绩效的关系一直饱受争议，如何发挥社会责任的最大效
用也是值得进一步研究的内容。此文对 2016-2020 这五年间的国有企
业上市公司展开剖析，得到的结论主要有两点：其一，社会责任对国
有企业财务绩效具有显著性积极影响；其二，高管薪酬激励，会对社
会责任和财务绩效间的积极影响产生削弱作用。最后，结合实际情况
提出了相应的建议与对策，希望国有企业积极履行社会责任，同时推
动企业的发展。

The social responsibility of an enterprise has two attributes: internal
and external. The benefit-related dimension reflects the internal benefit
return and external social responsibility.The fulfillment of corporate
social responsibility is not only dedication and sacrifice, but also synergy
and achievement. While paying, we obtain elements that are conducive to
corporate development. and how to maximize the effectiveness of social
responsibility is also worthy of further study. This paper takes the
state-owned listed companies from 2016 to 2020 as the research object,
and through analysis, finds two conclusions: (1) Social responsibility has
a significant positive impact on the financial performance of state-owned
enterprises. (2) Executive compensation incentives will weaken the
positive effect between social responsibility and financial performance.
Finally, this paper puts forward two suggestions for the management and
development of state-owned enterprises, hoping that state-owned
enterprises will actively fulfill their social responsibilities and promote
the development of enterprises at the same time.