Research On The Effect Of Internal Governance Structure Of Chinese Charity Foundation On Investment Proceeds

In recent years,China’s charity foundation has entered a stage of rapid development,in this process full of opportunities;there will naturally be many challenges.Under the background of global economic decline and inflation,how to ensure the sustainability of fund sources and what measures to maintain and increase the value of money to ensure the safety and efficiency of income has become an unavoidable topic in the development of charitable foundations in China.At the same time,China’s charitable foundations are faced with the problems of low proportion of asset investment,low investment income,high asset risk,weak investment awareness and low investment enthusiasm.However,as an important part of charitable foundation income,investment income is an important way to maintain and increase the value of charitable resources.Therefore,it is of great significance to make a quantitative study on the investment income of charitable foundation in China.On this basis,this paper takes the internal governance structure of China Charity Foundation as the research object,uses quantitative research methods to study its impact on investment income,and puts forward practical suggestions and countermeasures.Firstly,this paper defines the concepts of charitable foundation,internal governance structure and investment activities,and then puts forward the research hypothesis through combing the domestic and foreign literature,and combs and analyzes the policies and regulations related to the investment activities of foundations in China.On the basis of these theoretical and policy studies,this paper selects the mixed annual report data of charitable foundations from 2015 to2018,and obtains 4183 samples.After descriptive statistical analysis,correlation test and stepwise regression analysis of the samples,according to the different registration places of charitable foundations in China,the samples are divided into two parts: the registration samples of the Ministry of civil affairs and the local registration samples the paper divides the samples and makes empirical analysis.Proceeds The results show that the internal governance structure of China Charity Foundation has a significant impact on investment returns.Among them,the number of meetings of the Council and the political face of the secretary general have a positive impact on the investment income,that is,the more meetings of the Council,the higher the investment income obtained if the secretary general is a member of the Communist Party of China or a preparatory member of the Communist Party of China.The age of the director,the size of the board of supervisors,and the gender of the Secretary-General have a negative impact on the investment income,that is,the older the director is,the larger the director is,the male the Secretary-General is,and the investment is obtained The lower the return.Based on the research results of this paper,combined with the actual situation of China’s charitable foundations,it is suggested that each charitable foundation should constantly optimize its internal governance structure,introduce performance appraisal mechanism,improve the investment risk control process,enrich investment channels,and increase investment intensity in order to obtain higher investment income,improve the ability of maintaining and increasing the value of charitable foundation assets,and promote charitable foundations Sustainable and healthy development.