Research On The Impact Of Corporate Governance Structure Of Listed Energy Companies On The Performance Of Social Responsibility

With the continuous advancement of the marketization process,domestic and foreign competition has intensified.Companies only focusing on improving economic benefits cannot meet market needs,and the whole society is paying more and more attention to their performance in assuming social responsibilities.Gradually realize the importance of the effect of fulfilling social responsibility in the process of promoting enterprise development.The energy industry is a pillar industry of my country’s economic development.The corporate governance effect and responsibility level of enterprises are closely related to the national economy and people’s livelihood.However,due to the serious pollution problems in this industry and the high potential safety hazards,the social responsibility performance of energy enterprises has been widely concerned..At the same time,the level of corporate governance structure of listed energy companies also largely restricts the performance of social responsibility.In this context,this article deeply explores the impact of the corporate governance structure of listed energy companies on the fulfillment of social responsibilities.On the one hand,it hopes to improve the corporate governance level of listed energy companies and at the same time help to encourage companies to perform social responsibilities more actively;on the other hand,It has a certain degree of theoretical and practical significance for promoting the healthy development of the energy industry and building a harmonious society.Based on the above-mentioned research status,this article combs through relevant domestic and foreign literature and takes sample data of listed energy companies from 2015 to 2019 as the research object to explore the impact of corporate governance structure on corporate social responsibility.First,conduct a specific analysis of the basic situation of China’s energy industry and the status quo of fulfillment of social responsibilities to explore the characteristics of the energy industry and the problems in the performance of responsibilities;secondly,based on the stakeholder theory,this article divides the corporate governance structure into four dimensions,and at the same time comprehensively quantifies the social responsibility of listed energy companies from the seven major stakeholders:shareholders,creditors,suppliers,customers,employees,the government,and society,so as to construct the research model of this article;thirdly,the empirical analysis of the variables selected in this article leads to the empirical conclusion of this article.The empirical results show that:(1)The impact of equity structure on the performance of social responsibilities of listed energy companies is not consistent;(2)Management incentives,governance of the board of supervisors and governance effects of the board of directors can all have a significant positive impact on the performance of social responsibilities of listed energy companies.Based on the empirical results obtained and combined with the development status of China’s energy industry,this article proposes targeted countermeasures from both the enterprise and the government,with a view to enhancing the motivation of China’s listed energy companies to consciously assume social responsibility.Finally,this article summarizes the previous analysis of the current situation,empirical tests,countermeasures and suggestions,drawes the research conclusions of this article,and puts forward expectations for the follow-up research,aiming to promote energy companies to perform corresponding social responsibilities more actively,so as to realize the sound development of society.