高管团队特征、慈善捐赠与公司价值  

Executive Team Characteristics,Charitable Donation and Firm Value

作　　者：唐恒书 杨茹寒 唐慧玲 TANG Hengshu;YANG Ruhan;TANG Huiling(School of Economics and Management,Chongqing Jiaotong University,Chongqing 400074,China;Accounting School,Chongqing University of Technology,Chongqing 400054,China)

机构地区：[1]重庆交通大学经济与管理学院,重庆400074 [2]重庆理工大学会计学院,重庆400054

出　　处：《重庆交通大学学报(社会科学版)》2025年第1期93-104,共12页Journal of Chongqing Jiaotong University:Social Sciences Edition

基　　金：重庆市社会科学规划项目“系统动力学视角下制造业集群供应链的‘双碳’目标实现路径研究”(2022BS068);重庆市教育科学规划课题青年课题“面向‘33618’产业集群体系的智能会计产业学院协同育人模式研究”(K24YY2110014)。

摘　　要：从慈善捐赠的中介效应视阈,以我国2011—2021年沪深A股上市公司为研究样本,剖析高管团队特征与公司价值之间的作用机理。研究发现,高管团队女性高管比例、学历水平、金融背景、职称背景与公司价值和慈善捐赠均显著相关,且公司慈善捐赠在高管团队特征与公司价值之间存在部分中介效应。进一步区分公司性质,发现与非国有公司相比,国有公司存在显著差异。From the perspective of the mediating effect of charitable donations,we take A-share listed companies in China's Shanghai and Shenzhen stock markets from 2011 to 2021 as the research sample,and analyse the mechanism between the characteristics of the executive team and the value of the company.The study finds that the proportion of female executives,education level,financial background,and title background of the executive team are significantly related to company value and charitable donations.Meanwhile,there is a partial mediating effect of charitable donations between executive team characteristics and firm value.Further distinguishing the nature of the company as state-owned and non-state-owned,it is found that there is a significant difference between state-owned companies compared to non-state-owned companies.

关 键 词：高管团队特征 慈善捐赠 公司价值 

分 类 号：F275[经济管理—企业管理] F832.51[经济管理—国民经济]