The Impact Of Female Executive Participation On Corporate Social Responsibility

As the main body of market economy,enterprises create material wealth and promote the development of social economy at the same time bring unoptimistic social problems.The outbreak of "gutter oil incident","toxic milk powder incident" and "haze" reflects the severe situation of Chinese enterprises fulfilling their social responsibility.With the deepening of the research on corporate social responsibility in academic circles,the view that enterprises should bear social responsibility is generally accepted by all walks of life.As an im portant member of the company high-management team,the female executives plays an increasingly im portant role in the field of corporate governance.Because of gender differences,female executives differ from men in terms of leadership style,moral standards and social roles,etc.What impact female executives will have on corporate social r esponsibility and whether the impact of female executives on corporate social responsibility will change in the face of pressure rfrom stakeholders,is still in the "black box" state.In order to explore the mechanism of action,this paper focuses on this topic.This paper mainly takes the listed companies disclosed by Runling Global liability rating Agency in 2012-2016 as the research object,collects data through Cathay Pacific database,enterprise annual report and manual input.After screening,we get 499 listed companies,a total of 2495 balance panel data.In this paper,the methods of normality test,autocorrelation and multiplex collinearity are used to test the data quality.Using SPSS23.0 and STATA12:0 as analysis tools,we use curve fitting,multivariate regression,independent sample T test and other methods to test hypotheses.Finally,we confirm the following conclusions:(1)female executive participation has a significant positive effect on corporate social respon sibility.Knowledge-based Enterprises compared to non-knowledge-based Enterprises,state-owned enterprises compared to non-state-owned enterprises and the western,region compared to the rest of th.e world,the female executive participaton in their sample had a more significant p ositive impact on corporate social responsibility;(2)shareholder pressure positively regulates the relationship between fcemale executive participation and corporate social responsibility;(3)creditor pressure negatively regulates the relationship between female executive participation and corporate sociall responsilobility;(4)government pressure has an unstable positive effect on the relationship between female executive participation and corporate social responsibility;(5)employee stress positively regulates the relationship between fetale executive participation and corporate social responsibility;(6)consumer stress has an unstable positive effect on the relationship between female executive participation and corporate social responsibility.Under the conditions of different samples,different property rights,different technology intensity and different regions,this paper explores and tests the effect of female executive participation on corporate social responsibility.At the same time,it breaks the original absolute effect p erspective,adopts the contingency effect perspective,takes stakeholder pressure as the adjustment variable,and probes into the role and differen ce of stakeholder pressure in regulating the relationship betweec female executive participation and corporate social responsibility.In addition,this paper expands the research boundary of female executi.ves and corporate social responsibility,and puts forward both theoretical and practical countermeasures to promote the development of female executives and enhance corporate social responsibility.