Research on the Influence of Political Correlation of Private Listed Companies on Corporate Social Responsibility Behavior
- 1 School of Business Administration, South China University of Technology, Guangzhou, China
Abstract
Based on the perspective of legitimacy, this paper uses the Logistic and OLS regression methods to analyze the relationship between the release of CSR reports issued by private companies from 2010 to 2016 and the relationship between report quality and executive political connections. The analysis shows that executive political relations can significantly affect the quality of private companies in the CSR report release and publication possibility of CSR report. According to the analysis results, the paper finally proposes how to promote corporate social responsibility by exerting the political correlation role of executives. Through theoretical and empirical research, it analyzes the influence of executive political association on corporate financial performance and social responsibility, and analyzes and verifies the role of regional marketization development process in private social responsibility behavior and political association formation motivation, thus making private enterprise politics rational use of related resources, standardizing and guiding the commitment of civil society’s social responsibility, and providing corresponding policy recommendations for promoting healthy and sustainable economic development. Secondly, this study analyzes the influence of executive political connections on corporate social responsibility behavior from a multi-theoretical perspective, and provides more analytical perspectives for future related research.
- Baron, D.P. (1995) Integrated Strategy: Market and Nonmarket Components. California Management Review, 37, 47-65. https://doi.org/10.2307/41165788
- Schuler, D.A. and Rehbein, K, (1997) The Filtering Role of the Firm in Corporate Political Involvement. Business & Society, 36, 116-139. https://doi.org/10.1177/000765039703600202
- Hillman, A.J. and Dalziel, T. (2004) Boards of Directors and Firm Performance: Integrating Agency and Resource Dependence Perspectives. Academy of Management Review, 28, 383. https://doi.org/10.5465/amr.2003.10196729
- Salancik, G.R. and Pfeffer, J. (1978) A Social Information Processing Approach to Job Attitudes and Task Design. Administrative Science Quarterly, 23, 224-253. https://doi.org/10.2307/2392563
- Fan, J.P.H., Wong, T.J. and Zhang, T. (2007) Politically Connected CEOs, Corporate Governance, and Post-IPO Performance of China’s Newly Partially Privatized Firms. Journal of Financial Economics, 84, 330-357. https://doi.org/10.1016/j.jfineco.2006.03.008
- Detomasi, D.A. (2008) The Political Roots of Corporate Social Responsibility. Journal of Business Ethics, 82, 807-819. https://doi.org/10.1007/s10551-007-9594-y
- Tian, L.H. and Zhang, W. (2013) The Three Major Effects of Political Associations on the Long-Term Performance of Listed Companies in China. Economic Research.
- Zhang, J.J. and Zhang, Z.X. (2005) Political Strategies of Chinese Private Entrepreneurs. Management World.
- Kim, Y. and Cannella Jr., A.A. (2008) Toward a Social Capital Theory of Director Selection. Corporate Governance: An International Review, 16. https://doi.org/10.1111/j.1467-8683.2008.00693.x
- Barnett (2007) Stakeholder Influence Capacity and the Variability of Financial Returns to Corporate Social Responsibility. Academy of Management Review, 32.
- Marquis, C. and Tilcsik, A. (2013) Imprinting: Toward a Multilevel Theory. Academy of Management Annals, 7, 193-243. https://doi.org/10.5465/19416520.2013.766076
- Kriauciunas, A. and Kale, P. (2006) The Impact of Socialist Imprinting and Search on Resource Change: A Study of Firms in Lithuania. Strategic Management Journal, 27, 659-679. https://doi.org/10.1002/smj.537
- Hillman, A.J. (2005) Politicians on the Board of Directors: Do Connections Affect the Bottom Line? Journal of Management, 31, 464-481. https://doi.org/10.1177/0149206304272187