The Influence Effect Research Between State-Owned Equity Structure And Social Responsibility Performance

With the rapid development of our economy, the reform of state-owned equity and corporate social responsibility has become hot issues of common concern to the social from all walks of life. The unreasonable state-owned equity structure has made state-owned enterprises can not get effective regulations and caused a series of corporate social responsibility problems: safety issues, credit issues, protection issues of the legal rights and interests of consumers and workers, and so on. These issues have affect the healthy development of corporate and put the topic of via optimizing state-owned equity structure to improve corporate social responsibility performance towards the academic research forefront.Based on the research of the influence mechanism between state-owned equity and corporate social responsibility performance, and the expectation of via improving the state-owned shareholding structure to improve corporate social responsibility performance,this paper reviews the research status of academic circles for corporate governance,ownership structure, and state-owned equity in recent years, and expounds the definition and the evaluation method of corporate social responsibility performance. This article also elaborates and analysis the theory of corporate governance, corporate social responsibility theory, the performance theory, stakeholder theory further, which lay the theoretical foundation for the following empirical analysis.Then, this paper adopts the selection of 2014 year China top 500 enterprises as the empirical research sample and designs the evaluation index of state-owned equity structure and social responsibility performance to make an empirical analysis for the influence mechanism between state-owned equity and the performance of corporate social responsibility. In addition to the overall sample empirical analysis, according to the degree of the competition in the industry and the state-owned equity control, this paper makes the overall sample divided for two times and respectively studies the influence mechanism between state-owned equity structure and CSR performance in different samples.Through the overall and divided empirical analysis, we concluded that: the state-owned equity does not have enough significant role in promoting corporate social responsibility total performance; State-owned equity can be in a certain extent, inhibit social responsibility performance in the enterprise to shareholders; State-owned equity of enterprises have different degrees of promoting function in the creditors, the social public interest, the stuff interests, the interests of the government and so on; 20%-50% is the best state-owned shareholding interval, and other conclusions. According to these research conclusions, this paper constructs the influence mechanism diagram between the state-owned equity structure and CSR performance and puts forward the following suggestions: first, the government should give the enterprises with donation tax incentives and public praises; Second, the state-owned assets supervision and administration department should eliminate part of the sunset industry, and urged the state-owned enterprises with serious pollution, backward technology and poor management situation to carry on the transformation and upgrading; Again, the department in charge of state-owned enterprises can introduce “option incentive mechanism” to increase the enthusiasm of executives to achieve profits; In addition, the state-owned assets supervision and administration department may appropriately invest in some non-state-owned holding companies which are promising, well-run and in a leading position in the industry, and increase state-owned equity investment in the industry of middle degree competition,which can improve these corporations’ social responsibility performance; last but not least,for those enterprises with very high state-owned shareholding, state-owned assets management departments should reduce state-owned share appropriately.