Empirical Study On The Effect Of Corporate Governance To Listed Companies' Social Responsibility

As food security, environmental protection and other related social problems expose, people pay more attention to the performance of the social responsibility of the company. Corporate social responsibility protect the interests of shareholders, creditors, employees, customers, suppliers and the government . This can achive the harmonious development of the whole society. But what factors influence the corporate to fulfill social responsibility, and how to promote the company to carry out social responsibility? This paper go from the corporate governance of shareholders, the board of directors and the board of supervisors, executive the characteristics of incentive, equity structure and so on . The empirical research on the influence of the social responsibility to the company find out the influence factors of corporate governance, and put forward some relevant suggestions. This has realistic meanings to construct the harmonious societyThis paper is mainly by empirical study, combining standard research. First of all, this paper defines the content of the corporate governance and social responsibility . Then reviews the domestic and foreign corporate governance and social responsibility literature so far. Thirdly, in stakeholder theory, the principal-agent theory, and relevant policies and regulations as support, this paper analyses the influence of related aspects of corporate governance to the social responsibility of the company. Fourthly, according to the 2007- 2009 Shanghai 1935 samples of the listed company data as the research object, this paper puts forward the research hypotheses in the corporate governance of the shareholders' meeting, board of directors and the board of supervisors, executive the characteristics of incentive, equity structure, empirical analyses the influence of corporate governance to social responsibility of the listed company. Fifth, this paper got the empirical conclusions. Finally, put forward some countermeasures and suggestions to the listed companies in China to promote social responsibility .The innovation points of this paper are:(1) Respectively from the board of directors, the shareholders' convention, supervisors, executive the motivation, equity structure, this paper further detailed the related variables of corporate governance. This expanded the study of corporate governance and social responsibility. Especially in the board of directors of the independent directors problems, this paper selects the independent directors proportion and diligent study degree.(2)In this paper, the corporate governance of the shareholders' meeting, board of directors and the board of supervisors, executive the characteristics of incentive and equity structure were set up in a variable for empirical research, which is rarely touch. The results of the study show that in 2007-2009, Shanghai Exchange listed companies'social responsibility is not good; Annual meeting of shareholders' meeting times, chairman of the board and general manager and two hats, the proportion of the independent directors, diligent degree, executive compensation, the proportion of state shares have the significant influence on the social responsibility of the company.