Research On The Impact Of Institutional Environment And Political Connection On Corporate Charitable Donation

Since the reform and opening up,China's economic construction has made great achievements and has entered a new era of socialism with Chinese characteristics.However,with the rapid development of the economy,the income gap between regions and groups has become wider and wider.The report of the 19 th National Congress of the CPC points out that the main contradiction in the new era is the contradiction between the people's growing need for a better life and the unbalanced and inadequate development,the third distribution based on charitable donation plays a more and more important role in appeasing rescuers' emotions and alleviating social conflicts due to its public welfare characteristics.At the same time,the Fourth Plenary Session of the 19 th CPC Central Committee also proposed that "we should play the role of the third distribution and develop charities and other charities".However,unlike individual donation is the main source of social donation in developed countries,enterprises are the main source of social donation funds in China.With the improvement of the socialist market economic system,enterprises play an increasingly important role in economic development and social progress.The awareness of corporate citizenship and social responsibility in our country has been constantly improved and their willingness and ability to participate in social governance has been constantly enhanced.Especially in 2008 and 2010,the natural disasters have greatly stimulated the sense of social responsibility of enterprises in China.At the same time,the Chinese government has also issued a series of laws and supporting measures to encourage and guide enterprises to participate in philanthropy,so the charitable donation of enterprises in China has stepped up to a new level.However,corporate philanthropic donations in China have three characteristics:shallow participation level,high political connection and obvious regional differences because of the traditional donation concepts and the level of economic development.In view of the high political connection and obvious regional differences of corporate donation in China,in order to explore the influence of political connection and institutional environment on charitable donation,this paper chooses the cross-sectional data of corporate philanthropic donation in 2015 based on corporate social responsibility theory,resource dependence theory and social capital theory and the institutional theory to test and analyse the relationship among political connection,institutional environment,charitable donation and enterprise benefit by SPSS and STATA.The results show that: political connection has a significant positive impact on charitable donation,and the higher the level of political connection,the greater the impact coefficient;institutional environment will adjust the impact coefficient of political relevance on charitable donation,which is reflected in the state-owned property environment,low degree of marketization,high public service level and weak charitable atmosphere;Charitable donation can significantly improve the efficiency of enterprises;there is an intermediary effect between political connection and enterprise efficiency,that is,the positive effect of political connection on enterprise efficiency will play a role through charitable donation.Based on the above conclusions,this paper puts forward some suggestions on how to improve corporate charitable donation and social donation from the three levels of enterprise,government and the public,and at the end of this paper,it puts forward the shortcomings of this study and future research prospects.