The Influence Of SOEs’ Party Committees’ Incorporation Into Corporate Governance On Corporate Donations

In the historical process of realizing the two centenary goals and realizing the great rejuvenation of the Chinese nation,state-owned enterprises have always been an important force in China’s economic and social construction.State-owned enterprises play a very important role in maintaining China’s economic security and social harmony and stability.At the same time,it also undertakes a special mission of China’s socialist modernization.State-owned enterprises are the backbone of China’s national economic development,but also an important pillar of socialism with Chinese characteristics.’Adhering to the leadership of the Party and strengthening the construction of the Party’ has always been the fine tradition and unique advantage of state-owned enterprises in our country.Upholding the leadership of the Communist Party of China over state-owned enterprises is a very important political principle that must be carried out consistently and cannot be changed.Building a modernized enterprise system has become the orientation of the reform and development of state-owned enterprises,and we must continue to do so.Enterprise of the party committee in corporate governance has become a distinctive feature of an important corporate governance in China,party committees can the function and influence on corporate governance,not only to protect the socialist direction of enterprise beneficial,and in the management concept and development of the enterprise strategy will also have very important influence.The incorporation of SOEs’ Party committees into corporate governance is an inevitable requirement for SOEs to play the role of political core and leadership core,as well as a reflection of SOEs’ unique advantages and core competitiveness.Nowadays,enterprise donation has become an important expression of corporate social responsibility,there are so many companies have enthusiasm into the order of social responsibility to strong,this kind of phenomenon reflects,enterprises on the one hand in maximizing wealth for shareholders,while on the other hand,enterprises are actively to perform its obligations and practice ’enterprise citizen’.Taking A-share listed SOEs in Shanghai and Shenzhen stock markets from 2009 to 2019 as samples,this paper uses empirical analysis to study the impact of Party committees’ incorporation into corporate governance of listed SOEs in China on their donation behavior under the circumstances of organizational redundancy and social environment,both internal and external factors.The results show that SOEs with’concurrent roles’ are more inclined to increase their own donation level,and this phenomenon is more obvious when there is more organizational redundancy and adverse situations in the social environment.First of all,the conclusion can be applied to the practical work of state-owned enterprises in our country,beneficial to comb clear now the party committee of state-owned enterprises,with the company’s corporate governance structure of the links and connections between the two,and then promote and facilitate the implementation and improvement of our country modern state-owned enterprise system,and then you can promote the scientific and democratic process of corporate governance of state-owned enterprises.Secondly,this conclusion has very important practical significance and role for enterprises to actively undertake social responsibilities,such as improving the level of corporate donations.