| Disasters such as the Wenchuan earthquake,southern snow disaster,and Corona Virus Disease 2019 in Hubei this year have not only caused a frost to our economy,but also threatened people’s property safety.The catastrophic lover is affectionate,all circles donate money,and the charity of the company has become the most important source of charitable donations.In order to be able to gain a foothold in the complex and changing market competition environment,the company’s strategy formulation is also keeping up with the trend.Among them,charitable donations are one of the strategic ways to meet certain needs of the company.It is a thing of the past to simply perform social responsibility.Charitable donations can not only help companies obtain financing convenience within the legal scope,improve their intimacy with the government to obtain policy advantages,transmit signals and raise stock prices,and many other conveniences.They are more likely to be "invisible garments" for wrongdoing.Charitable donations have gradually become instrumental,and companies may use charitable donations to divert the attention of the public,media,and regulatory agencies on their violations,so as to cover their violations.Charitable donation at this time became a kind of unethical behavior.Therefore,whether charitable donation is a bad motive to take social responsibility sincerely or to act falsely needs to be objectively tested from multiple aspects.This article is based on A-share listed companies,using data from the ten years of2009-2018 as a sample,and conducted empirical tests on the impact of corporate violations on charitable donations,and grouped the effects on the basis of audit quality and institutional environment.test.The study found that corporate violations will indeed significantly increase the level of charitable donations,and this effect is particularly pronounced in subgroups with relatively low audit quality and relatively poor institutional environment.Enterprises may use charitable donations as a way to evade penalties for violations of regulations and prolong the period of investigation and punishment.The low quality of audits leads to the low probability of detection and poor regulatory environment brought about by the poor regulatory environment,which will stimulate thecost-effectiveness of violations.This intention.This article further research finds that non-state-owned enterprises have greater pressure to survive because they do not have the "father love effect" peculiar to state-owned enterprises,and it is easier to use charitable donations to cover violations.The innovation of this paper lies in the following two points: first,this paper does not choose the perspective of social responsibility with high frequency,but analyzes the impact of charitable donation from the perspective of post-violation behavior and instrumental motivation,and reveals the bad intentions hidden behind charitable donation.Second,introduce audit quality,and study the changes of charitable donation amount in combination with the institutional environment.On this basis,reveal the problems of non-state-owned enterprises and regions with slow marketization process,as well as their regulatory shortcomings.At the end of this paper,Suggestions from the government and enterprises are put forward based on the research results of this paper,hoping to provide ideas for the formulation of relevant policies of relevant external regulatory agencies and industry associations and play an active role in the regulation. |
