外资参股和高管、机构持股对企业社会责任的影响——基于中国A股上市公司的实证研究  

The Effect of Foreign Equity Participation,Executive Ownership,Institutional Ownership on Corporate Social Responsibility——Based on the Empirical Test of A-share Public Companies in China

作　　者：王海妹[1,2] 吕晓静[1,2] 林晚发[1,2] 

机构地区：[1]中央财经大学商学院,100081 [2]中央财经大学会计学院,100081

出　　处：《会计研究》2014年第8期81-87,97,共7页Accounting Research

基　　金：国家自然科学基金(71372190);中央财经大学青年科研创新团队支持计划资助

摘　　要：作为公司治理中的一个重要层面,股权结构对于企业社会责任具有一定程度的影响。本文以2010-2012年中国A股上市公司作为样本,研究了上市公司股权结构中外资参股、高管持股、机构持股对于企业社会责任的影响。通过实证检验得出以下结论,外资参股和机构持股对于企业承担企业社会责任有显著的正向影响,高管持股对于企业承担企业社会责任具有显著的负向影响。Ownership structure is one of the most important aspects in corporate governance,and has a certain degree of effect on corporate social responsibility.In this paper,we use a- share public companies during the period of 2010 to 2012 as the research sample,and study the effect of the ownership structure including foreign equity participation,executive ownership,institutional ownership to corporate social responsibility. Through the empirical test we making the following conclusions,institution ownership and foreign equity participation has a significant positive effect on corporate social responsibility,however executives ownership has significant negative effect on corporate social responsibility.

关 键 词：股权结构 企业社会责任 外资参股 高管持股 机构持股 

分 类 号：F270[经济管理—企业管理]