The Effect Of Executives' Political Connections On Corporate Social Responsibility Behavior In Private Listed Companies

In recent years,with the development of economic globalization,the expectations of the government and stakeholders for corporate social responsibility are getting higher and higher.Under the pressure of the government and stakeholders,more and more private listed companies began to issue csr reports.Through previous studies,it has been found that the phenomenon of executives' political connections in private listed companies in China is very common.Previous scholars believe that in China,political connections are a strategy for companies to improve their legitimacy.Moreover,although the current research on corporate social responsibility is very rich,there are very few studies on the quality of social responsibility reports.This research uses a combination of theoretical analysis and empirical testing.First,it reviews the research on corporate social responsibility,legitimacy,institutions,decoupling,and political connections.Then,using government signals as the research background,from institutional pressure And the legitimacy perspective analyzes the motivation of Chinese enterprises to respond to government signals;then,construct research framework and propose relevant hypotheses;then,design empirical research,collect data and analyze data validity;finally,test research hypotheses,explore empirical results and draw in conclusion.The study concluded that companies with high political connections and high political relevance are more likely to publish csr reports and have higher reporting quality;companies with general political connections are more likely to have political connections with the chairman.It is possible to publish a csr report,and the company with the political connection of the chairman is better than the company with the political connection of the general manager in the performance of the csr report.Finally,the study also found that the age of the enterprise and the degree of marketization of the region are politically relevant.There is no significant adjustment between the relationship with the quality of the csr report,but the degree of marketization of the enterprise age and region has a significant adjustment effect on the relationship between the political association level and the csr report release.The age of the enterprise can weaken the relationship between the political association level and the csrreport release.The regional marketization process can strengthen the relationship between the political association level and the csr report release.The significance of this research is that through research,it is found that the motivation of private enterprises to respond to government signals and the influence of executive political connections on corporate csr behavior are beneficial to the Chinese government to rationally use government signals,political connections and other informal institutional means to guide corporate behavior.Secondly,through the research on the authenticity of the csr behavior in response to government policies,and the analysis of the factors affecting the authenticity of corporate csr behavior,it is beneficial for the Chinese government to formulate corresponding solutions to each influencing factor to improve the csr behavior of enterprises.Authenticity,therefore,has certain practical significance.In addition,this paper takes the government signal as the research background,and studies the social responsibility of private enterprises under the government signal,enriching the research content and research perspective of the csr field.