作为创新领域的前沿议题，企业社会创新主要以理论研究、案例研究等为主，目前鲜有实证研究，其对企业价值的影响机制也没有得到充分探析。为此，以A股上市公司为样本，对企业社会创新、知识产出与企业价值之间的关系进行了理论研究与实证检验。结果表明：企业社会创新能够促进知识产出和提升企业经济价值，知识产出在企业社会创新与企业经济价值关系中起到部分中介作用，而企业社会创新对企业社会价值不存在显著的正向影响。研究结论为国内企业社会创新实践提供了新的管理启示。

As a frontier topic in the field of innovation, corporate social innovation mainly focuses on theoretical research, case study, etc. At present, there are few empirical studies, and its influence mechanism on corporate value has not been fully analyzed. This paper conducts theoretical research and empirical test on the relationship between corporate social innovation, knowledge output and corporate value, taking A-share listed companies as samples. The results show that corporate social innovation can promote knowledge output and enhance corporate economic value, and knowledge output plays a partial intermediary role in the relationship between corporate social innovation and corporate economic value, while corporate social innovation has no significant positive impact on corporate social value. The research conclusion provides new management enlightenment for the corporate social innovation practice of domestic enterprises.

国家社科“社会资本、知识管理与科技型小微企业成长研究”(16BGL037)；北京联合大学人才强校优选计划项目:社会资本、资源拼凑与新创企业成长绩效研究(BPHR2020CS06)。