Research On The Impact Of External Governance Environment And Internal Control On The Performance Of Corporate Social Responsibility

Under the trend of high-quality economic growth,China is paying more and more attention to the practical performance of corporate social responsibilities and the protection of the rights and interests of the entire social group,emphasizing the promotion of energy transformation to achieve resource renewable development,insisting on the simultaneous efforts of the government and the market,and integrating the steel,chemical industry,etc.The industry is included in the carbon emission trading market to promote the link between low-carbon policies and market systems in construction,transportation and other fields.However,there is still a long way to go to achieve "carbon peak" and "carbon neutrality" and promote enterprises to use limited resources to achieve social symbiosis.The imperfect external governance environment and the uncoordinated relationship between the government and the market have led to excessive intervention in corporate behavior,which has severely impacted the enthusiasm of companies to actively perform social responsibilities;immature market development has caused difficulties in corporate development and restricted the efficient performance of corporate social responsibilities The development of intermediary organizations and the imperfect legal environment have resulted in companies not having to pay more for violations,which has reduced the importance of companies on fulfilling their social responsibilities.The incomplete internal control of an enterprise will even lead to internal inactions,making it difficult to make strategic social responsibility plans and behaviors on the agenda.Therefore,the actual performance of corporate social responsibility not only needs to improve and balance the macro-external governance environment in various regions of our country,but also needs to improve the micro-level internal control system of enterprises,and jointly promote the performance of corporate social responsibility under the dual functions of internal and external.Whether the improvement of the external governance environment and the effective operation of internal control have an impact on the corporate social responsibility,and the role of internal control in the performance of the corporate social responsibility of the external governance environment is the focus of this paper.Firstly,this article defines the related concepts of external governance environment,internal control and social responsibility,and proposes that the imperfect external governance environment and internal control are the main and direct reasons for the lack of corporate social responsibility;secondly,through the theory of principal-agent and stakeholder theory,Government intervention theory,competitive advantage theory,and institutional theory analysis and combing,showing that the performance of corporate social responsibility is not only the system and the requirements of the entire social stakeholders for the enterprise,but also a way of behavior for enterprises to obtain resources and self-realization;finally,in our country The data of A-share listed companies from 2014 to2019 is a sample.Starting from the three dimensions of the relationship between the government and the market in the external governance environment,the development level of the factor market,the development of intermediary organizations and the rule of law environment,the internal control is studied in different dimensions under the external governance environment.,The conduction effect on social responsibility.The study found that the improvement of the relationship between the government and the market,the maturity of the factor market development,the improvement of intermediary organizations and the rule of law environment can not only promote the fulfillment of corporate social responsibility,but also improve the quality of corporate internal control;the improvement of corporate micro-level internal control contributes to corporate social responsibility It also has a promoting effect,and there is a partial intermediary effect in the mechanism of the impact of the macro-external governance environment on social responsibility;in low-quality internal control,the development of factor markets,intermediary organizations and the rule of law environment must achieve the impact on social responsibility through internal control transmission,Has a complete intermediary effect,while in other cases it has a partial intermediary effect.This study clarifies the intermediary mechanism of internal control’s impact on social responsibility in the external governance environment,and provides ideas for companies to effectively perform social responsibility from the perspective of macro and micro double guarantees.