声誉机制、代理冲突与企业捐赠——基于中国上市公司的实证研究  

Reputation Mechanism,Agency Conflict and Corporate Donation——An Empirical Study on Listed Companies in China

作　　者：李诗田[1] 宋献中[2] 

机构地区：[1]华南师范大学国际商学院,广东广州510631 [2]暨南大学管理学院会计系,广东广州510632

出　　处：《经济经纬》2014年第4期92-97,共6页Economic Survey

基　　金：国家自然科学基金项目(70972080);广东高校人文社科重点研究基地重大项目(37712205);华南师范大学青年教师科研培育基金项目

摘　　要：笔者选取2007年～2009年中国上市公司的数据，用加权最小二乘法对中国上市公司企业捐赠水平的影响因素进行实证检验。研究结果显示：企业对声誉重视程度对中国上市公司捐赠水平有显著的正影响，股东与管理层代理）中突水平对中国上市公司捐赠水平有显著的正影响。Corporate donation is considered an important way of implementing corporate social responsibility generally. On the basis of summing up the research literature and selecting 2007-2009 data of China listed companies, this paper empirically analyzes the factors of listed companies＇ corporate philanthropy donation by using WLS methods. The empirical results show that the degree of the corporate emphasizing on reputation has a positive impact on Chinese listed companies＇ donations level, and agency conflict between managers and owners also has a positive impact on their donations level. Therefore, corporate donation behavior has deviated from the definition of corporate social responsibility, and clamming corporate social responsibility is just a slogan. The research paper finding has a certain significance on understanding relationship between corporate social responsibility and corporate donation behavior rationally.

关 键 词：声誉 代理问题 企业捐赠 动机 

分 类 号：F275[经济管理—企业管理]