The Research On The Companies’ Public Welfare Donation Behabiors

Represented by the listed company, the companies’public welfare donation behaviors are becoming increasing active. As a typical form of undertaking social responsibility, the public welfare donation behaviors play an import role in improving social welfare, enhancing social equality. However, the existing regulations can not adapt to the current trends. The flaw in legislation provides convenient conditions for improper or illegal donations. In order to standardize the behavior of donors, protect the legal rights of stakeholders, this article studies some problems in light of both theories and empirical evidences. The paper points out the systematization of regulations should be made based on the legislative concept. Corporate social resource allocation function and public donations folk, voluntary characteristics, which determine the public welfare play complementary role of public services in the social welfare system. To encourage private supply of public goods and services, the group-based and individual-based charity donation should be classified into the scope of the unity of the legal evaluation. Establish the nature of the property and reputation donation incentive and compensation mechanisms to expand the tax deduction scope of qualified nonprofit organizations. Moreover, the government should form administrative supervision mode to regulate public resources’allocation. Improvement of the company’s governance structure, reasonable definition of the scope of shareholders’and directors’rights and design voluntary information disclosure rules are necessary. Legislation should focus on investors’ participation rights and guide stakeholders to establish measures to reduce investment risk. Meanwhile, the law should also perfect the exit mechanism for different investors on the basis of protecting the stability of the company organizational form.