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Governance Structure, Political Relevancy And Charitable Donation: A Comparative Study Of State - Owned Enterprises And Private Enterprises

Posted on:2017-04-30Degree:MasterType:Thesis
Country:ChinaCandidate:J H LuFull Text:PDF
GTID:2206330488497610Subject:Business management
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In recent years the disasters happen ceaselessly and aggrevate, which pose a great threat on human life and property. Enterprises actively engage in charity and gradually become the leading force of charity. Based on the fact that most enterprises have carried out charitable donations, the article tries to answer following questions: first, in China, which kind influences of governance mechanisms and political relation on social donation? Second, under different properties, whether influence of governance mechanisms and political relation on social donation is different?In order to solve above questions, the article uses data from Chinese A-share market(2008-2012), to explore the relationships of governance mechanisms, political relation and social donation by taking regression analysis method. Governance mechanisms are measured by control types, board ownership percentage, board independence, managerial ownership percentage, and obtaining the following conclusions:(1)Control type has a significant postive impact on corporate donation. Specially, compared with owners control, enterprises of managers’ control is more willing to carry out charitable donations.(2)Board ownership percentage of state-owned enterprises has a significant negative impact on corporate donation, board ownership percentage of private enterprises has a significant positive impact on corporate donations.(3)Political relation of state-owned enterprises does not have a significant impact on corporate donations, political relation of private enterprises has a significant impact on corporate donations.(4)Political relation of both state-owned enterprises and private enterprises has a negative moderating effect on the relationship between control types and corporate donations.Finally, empirical results of the paper are described in detail, and explain the causes of these results at the same time. The article put forward the related management practice inspiration and suggestion, and pointed out limitation of this research as well as the follow-up research prospects.
Keywords/Search Tags:governance mechanisms, social donation, political relation, state-owned enterprises, private enterprises
PDF Full Text Request
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