A photosensitive resin composition suitable for the production of a light-shielding black matrix for use in a liquid crystal display is disclosed. The photosensitive resin composition includes a cardo binder resin and a carboxyl group-containing polyfunctional monomer and exhibits superior physical properties, such as heat resistance, chemical resistance, development margin, developability and adhesive properties. Further disclosed is a black matrix produced using the photosensitive resin composition. The black matrix has superior physical properties, including heat resistance, chemical resistance, development margin and adhesive properties. Particularly, since the black matrix has excellent developability with an alkaline solution, it contains no undissolved material of the composition in radiation-unexposed portions.