Institutional Environment,Political Connections,Tax Policies And Corporate Charity Donation

Corporate charitable donation is an important part of social donation.With the development of the economy,the importance of corporate charitable donations in China and even the world is rising.Its position and role in adjusting social income distribution pattern and promoting social harmonious development Also more and more prominent.People are paying more and more attention to corporate social responsibility and corporate charitable donations,which are the primary means of corporate social responsibility.It is expected that enterprises will assume more responsibility for society in addition to government and legal requirements through charitable donations.Nowadays,corporate charitable donations have become the consensus of governments,enterprises and people from all walks of life,and are gradually becoming a major trend in the world today.However,compared with advanced countries and regions,the level of corporate charitable donations in China is not very high at present,lacking initiative and planning,the concept of donation is relatively backward,the level of donation and institutionalization are low,and the external donation environment is not Do your best.So what are the factors that motivate and motivate Chinese companies to take the initiative to assume social responsibility through charitable charitable donations? By combing the predecessors' literature and the existing theoretical basis,this paper combines the influencing factors with Chinese characteristics,and starts from the different political effects of corporate political relations and taxation policies and the changes in the institutional environment,and conducts empirical research.policy suggestion.This paper takes China's 2012-2014 A-share listed companies on the Shanghai and Shenzhen Stock Exchanges as a sample to empirically study the impact of institutional environment,political relations and taxation policies on corporate charitable donations.It is found that corporate political connections and corporate tax burden rates have a significant positive impact on corporate charitable donations.Further research also found that under the background of China's special transitional economy,the institutional environment has a regulating effect on the donation effect brought by corporate political relations and corporate tax burden rate.Specifically,on the one hand,in areas where the institutional environment is imperfect,the effect of donation of political connections is more significant.In other words,in areas where the institutional environment is more perfect,the effect of donation of political connections is weakened;on the other hand,in the institutional environment.The more perfect the region,the more important the donation effect of the corporate tax burden rate.Therefore,this paper believes that from a long-term perspective,with the gradual improvement of the institutional environment,taxation policies will become an important way to encourage corporate charitable donations,and propose to strengthen the institutionalization of corporate charitable donation taxation policies,adjust and improve the charitable donation income tax policy.We will improve the supporting measures for stimulating charitable donations and expand the four-point policy recommendations for the public welfare organizations that enjoy preferential policies for charitable donations.