CAJ | 학술논문

本文基于制度理论视角，研究高管政治关联对企业社会责任的影响。采用固定效应模型多元回归方法，对182家中国上市公司连续4年数据构成的平衡面板数据进行实证检验。研究结果表明：高管政治关联对企业社会责任存在显著的正向影响；企业所在地区市场化发展水平越高，高管政治关联对企业社会责任的正向影响越强。高管政治关联通过两方面对企业社会责任产生作用：一方面，高管政治关联能够起到传递政府等利益相关者对企业施加压力的渠道作用；另一方面，高管政治关联的特征差异导致企业受到相关利益相关者压力的程度存在差异。本文最后提出如何通过发挥高管政治关联作用推动企业承担社会责任的建议。
본문기우제도이론시각，연구고관정치관련대기업사회책임적영향。채용고정효응모형다원회귀방법，대182가중국상시공사련속4년수거구성적평형면판수거진행실증검험。연구결과표명：고관정치관련대기업사회책임존재현저적정향영향；기업소재지구시장화발전수평월고，고관정치관련대기업사회책임적정향영향월강。고관정치관련통과량방면대기업사회책임산생작용：일방면，고관정치관련능구기도전체정부등이익상관자대기업시가압력적거도작용；령일방면，고관정치관련적특정차이도치기업수도상관이익상관자압력적정도존재차이。본문최후제출여하통과발휘고관정치관련작용추동기업승담사회책임적건의。
This paper analyzes the influence of political connection of top managers on corporate social responsibility based on institutional theory.To examine the hypotheses,the paper carries on an empirical research by using a balanced panel data composed of continuous four years data of 182 Chinese listed companies,with fixed effect model multiple regres-sion.The results show that political connection has positive impact on CSR.Meanwhile,the higher the level of regional market develops,the stronger the positive influence of political association on CSR will be.The research then proposes that political association influence CSR through two aspects.On the one hand,political association can play the role of transfer-ring pressure to firms from government and other stakeholders.On the other hand,political connections differ in pressure from stakeholders.This paper finally puts forward some suggestions on how to improve the accomplishment of corporate so-cial responsibility through making full use of political connections.