Research On The Impact Of Institutional Ownership And Corporate Social Responsibility On The Performance Of Listed Energy Companies

Institutional investors actively monitor the behavior of business managers and use the shares held by the companies to actively participate in company operations and management,and strive to improve company performance and obtain return on investment capital.On the other hand,actively taking corporate social responsibility and being responsible to stakeholders such as shareholders,consumers,employees,and suppliers is an important way for companies to pursue long-term and sustainable development,which can effectively improve corporate performance.Institutional investors participate in the company’s business management,which is in line with the ultimate goal of corporate social responsibility-while maintaining a good company performance level,it makes the company’s performance level higher.Further,this article raised many questions about whether institutional investors will participate in corporate governance and improve corporate performance by promoting the fulfillment of corporate social responsibility,and began to explore the direct impact of institutional holdings on corporate performance.Corporate social responsibility is in this process The effect produced in the.Based on the scholars’ research on related issues,this article organizes and analyzes relevant domestic and foreign literatures.Through principal-agent theory,stakeholder theory,social contract theory,and mixed ownership reform theory,we will further study institutional shareholding,The interaction mechanism between corporate social responsibility and corporate performance,put forward research hypotheses,and build the corresponding main effect model and intermediary effect model.Then,using listed energy companies as a research sample,through regression analysis and intermediary effect test,discuss the direct impact of institutional investor holdings on corporate performance.In the process of institutional investor holdings directly affecting corporate performance,does corporate social responsibility Intermediate reaction.The results show that:(1)Institutional shareholding significantly positively affects corporate performance;(2)The comprehensive value of corporate social responsibility plays a partial intermediary role in the process of institutional shareholding affecting corporate performance.Among them,shareholder responsibility plays a full intermediary role in the relationship between institutional shareholding and corporate performance,while the rest of social responsibility does not have an intermediary role in the relationship between institutional shareholding and corporate performance.In this regard,it is proposed that companies should vigorously introduce institutional investors to hold company shares and actively fulfill their social responsibilities.The government should improve the construction of the capital market,create an institutional environment for institutional investors,strengthen the construction of the legal system,and guide enterprises to assume social responsibilities and let institutional investors Actively participate in corporate governance,make scientific decisions on the operation and operation of the enterprise,guide the enterprise’s social responsibility,strengthen the awareness of social responsibility,let the social responsibility be transformed from the previous shallow consciousness into the conscious action of the enterprise,and promote the long-term and stable development of the enterprise.