The Related Study Between Board Characteristics And Corporate Social Responsibility

This paper mainly examines the relationship between corporate board characteristicsand corporate social responsibility．This paper conducts an empirical study based ontheories and related researches before, proposes four hypothesis and built a linearmulti-regression model．Based on sample of A stock listed company, this paper has someconclusion about the relationship between board characteristics and corporate socialresponsibility, and raise some suggestions．First, this paper conducts theoretical analysis about the concept and theory ofcorporate social responsibility and corporate governance．Based on stakeholder theory,principal-agent theory and resource dependence theory, this paper raises four hypothesisand built a regression model．This paper selects A stock listed company in Shanghai andShenzhen Stock Exchange spanning from2009to2010as sample to examine themodel．Then this paper analyzes the empirical results and independent sample T test results,discusses the reasons and comes up with suggestions on how to encourage corporations totake more social responsibility through the improvement of board governance．This paper examines four board characteristics, board sizes, proportion of independentdirectors, whether chairman of board holding the position of general manager or not andthe proportion of directors who have higher education. The empirical results support thepositive relationship between board sizes, the proportion of directors who have highereducation and corporate social responsibility.The result do not support the negativerelationship between whether chairman of board holding the position of general manageror not and corporate social responsibility．The results do not support the positive relationbetween proportion of independent directors and corporate social responsibility．This paperraises some suggestions such as increasing independent directors, etc．This paper has two innovation points．The first is the study of the proportion ofdirectors who have higher education, the second is the use of corporate social contributionper share as the indicator of corporate social responsibility．...