Font Size: a A A

The Research On The Impact Of Listed Corporate Governance Structure On Corporate Philanthropy

Posted on:2015-08-10Degree:MasterType:Thesis
Country:ChinaCandidate:J WangFull Text:PDF
GTID:2296330467484654Subject:Business management
Abstract/Summary:PDF Full Text Request
With the rapid development of the of enterprises, there are more and more various social problems by the target of the simple pursuit of economic interests, people began to recognize the need for corporate social responsibility. Under various pressures, enterprises start to make some return of social behavior to balance the interests of all stakeholders. As the initial manifestation of social responsibility and the most vulnerable manner to public perception, corporate philanthropy become a hot topic. Since the earthquake of Wen Chuan occurred, Our corporate philanthropy has increasingly became the general way of corporate social responsibility and it is also subject to the level of the various business interests of stakeholders attention. However, a good corporate governance structure is an important condition for balancing the various stakeholders, he will affect the distribution of corporate philanthropy and arrangement of the various powers. Although corporate philanthropy can bring to enhance the corporate image of enterprises, enhance employee identity and reduce the external pressure, but because of the existence of agency relationship and the inconsistence with the interests of shareholders and agents, corporate philanthropy is likely to become an agent for the pursuit of higher reputation and a way of maximizing their own utility, but while filling opportunistic shareholders had lost, so companies tend to improve the corporate governance structure through the narrow the agent autonomous space of improper or excessive donations to improve the consistency of agents and shareholders’interests and reduce agency costs. The research in this regard are based on the context of a particular disaster or focus on only some factors affecting corporate philanthropy, so there are some limitations. Therefore, this paper considers the various factors of corporate governance and selects companies philanthropy to more fully understand the impact of corporate philanthropy on corporale governance structure.Based on the study, Firstly, this paper proposes the principal-agent theory, stakeholder theory, institutional theory and strategic philanthropy theory as the basis of theoretical analysis, then systematically reviews the relevant literature; on the basis of theoretical analysis to explain the impact of the corporate governance structure to philanthropy and propose the hypothesis of this paper; then this paper selects the300index of listed companies in Shanghai and Shenzhen as research subjects, using statistical software to test the empirical hypothesis of corporate governance structure and philanthropy; Finally, according to the results of empirical research to draw conclusions, this paper combines with our current business status to provide policy recommendations for the improvement of corporate governance structure and improvement of scientific decision-making of corporate philanthropy.
Keywords/Search Tags:Corporate Governance Structure, Corporate Philanthropy, Empirical Study
PDF Full Text Request
Related items