Research On Relationships Between Institutional Environment And Overseas Social Responsibility Of Chinese Enterprises

With the "Belt and Road" initiative put forward and steadily implemented,it has promoted the process of Chinese enterprises' foreign investment.The proportion of outward foreign investment flows from China in the global total outward foreign investment continues to rise.More and more Chinese enterprises are participating in outward foreign investment and overseas operations,and the number of overseasestablished enterprises is constantly expanding.Researches show that corporate social responsibility can help companies alleviate the disadvantages of foreigners in the host country,help companies obtain more resources and improve their competitiveness.However,at present,Chinese companies are still in their infancy in overtaking corporate social responsibilities overseas,and relevant experience is relatively lacking.How to choose appropriate ways to participate in overtaking social responsibilities overseas has become an urgent issue.Therefore,this paper,starting from this issue,is based on the perspective of institutional theory and combines resource-based theory.It explores the impact of the host country's institutional environment on the overseas corporate social performance of Chinese enterprises,and explores the uniqueness of Chinese companies' overseas social responsibilities behavior reflected in the moderating role of the state-owned equity.This paper reviews and analyzes the existing related theoretical literatures,and explores the relationship between the host country's institutional environment and the Chinese corporates' performance in overtaking environmental responsibility,charitable responsibility,and employee responsibility overseas on the basis of institutional theory.Combining resource-based theory,the state-owned equity ratio is introduced as a moderator.Corporates in the 2017-2018 lists of China's top 100 foreign investment companies and top 100 companies in the Belt and Road Initiative who overtake social responsibilities overseas are chosen as research samples.SPSS22.0 and Stata13.0 were used to conduct empirical analysis.Results are shown as following:(1)Institutional environment quality in host countries positively affects corporate in overtaking social responsibility of environment and employees aspects,and negatively affects charitable responsibility.That is,the more complete the host country's institutional environment is,the easier it is for companies to choose environmental and employee responsibilities to participate in CSR strategies,and the less they will choose charitable responsibility behaviors.(2)State-owned equity positively moderates the relationship between the host countries' institutional environment and corporate charitable responsible behavior,and negatively moderates the relationship between the host countries' institutional environment and corporate employees-related responsible behavior in.It has no significant effect on the host country's institutional environment and environmental responsibility.This paper tests the robustness of the hypothesis test results.The test results are the same as the hypothesis test.Finally,this paper discusses the research results,draws the research conclusions,and puts forward corresponding management inspirations and suggestions based on the research conclusions.It provides reference suggestion for overseas social responsibility strategies of Chinese companies and provides references and directions for future related researches.