| Whether in theory or practice circle, the fulfillment of corporate socialresponsibility of listed companies has been paid more and more attention. In recentyears, although the government has introduced a number of laws and regulations tostrengthen corporate social responsibility, the sense of corporate socialresponsibility of Chinese enterprises is still relatively weak. Especially there are stillmany problems of our corporate governance structure, which play an adverse role onChinese listed companies’ corporate social responsibility. Therefore, it is essential toexplore the impact of corporate governance on corporate social responsibility.Effective participation of stakeholders can promote building good corporategovernance structure, and can also promote listed companies’ better performance ofcorporate social responsibility. Therefore, this paper introduces stakeholder theoryto study the relationship between corporate governance structure and corporatesocial responsibility.Firstly, the thesis describes the research purpose and the importance andpractical significance of the study. Then the thesis summarizes the process of currentresearch. Next, explains the concept and content of corporate social responsibility,corporate governance structure and the stakeholder theory. And define the scope ofthe interests of the stakeholders. This paper selects2010-2012motherboardnon-financial A-share listed companies of Shanghai and Shenzhen stock exchangeas samples. And six variables of the ownership structure, the board of directors,managers’ incentives and governance board of supervisors are selected asexplanatory variables, which are used to describel analysis, correlation inspectionand multiple liner return analysis. Finally, suggestions are given based on empiricalresults.The empirical results show that the concentration of ownership, the proportionof state-owned shares and the size of the board to fulfill corporate socialresponsibility have significant negative effects, while executive pay to corporatesocial responsibility have a significant positive effect. Proportion of independentdirectors and the supervisory board size on corporate social responsibility to fulfillthe role is not yet clear, which shows that our system of independent directors andthe supervisory did not play their oversight roles. Their modes of operation need tobe further improved. |
