Family Involvement Level 、the Degree Of Market Competition And Corporate Social Responsibility

Family business is an organization form formed by family involved in enterprises,which is differernt from ordinary enterprises.In the whole global village,family business is a form of enterprise organization.It’s quantity and economy is large.In China,family business is developed from private enterprises and now occupies a large proportion in private enterprises.In 1978,the“reform and opening up”policy provides more resource for the sound development of China’s enterprises,and its rapid development also drives the sustained,rapid and healthy development of China’s overall economics situation.The development of family business is like an engine,and the power generated by family business drives the economic development of countries all over the word.The development of the enterprises is not a closed loop,it can’t depart from the support of various stakeholders and cooperation,enterprises should also correspond rewards,such as repaying the principal and interest of the creditors timely,paying the worker deserves the payment in time,paying taxes in time and the rendors of giving yourself to environmental protection and so on,these social phenomenon in recent years has caused more and more focus.The academic circle will use the word”corporate social responsibility”to summarize these social phenomenon,the report of the19^th National Congress mentioned that enterprises should assume social responsibilities corredponding to their acpabilities.Scholars always focus on corporate governance,while social responsibility also belongs to corporate governance.so that,this paper connects the level of family involvement in enterprises with corporate social responsibility to study the differences of family business governance.Based on the theroy of aocial emotional wealth,this paper links family business with social responsibility and tries to discuss the differences between family business and gengeal entreprises in social responsibility.Family involvement is a key entry point to distinguish family business from non-family business.In the academic world,previous studies focused on the difference between family business and non-family business in undertaking social responsibility,and scholars also drew different conclusions after putting forward their own opinion.However,there are few literatures that consider the heterogeneity of corporate social responsibility from the quantifiable perspective of family involvement level.Specially,this paper selects two ways to measure the level of family involvement-the proportion of family owership and the proportion of family management power,and discuss how family involvement affects the undertaking the social responsibility of family enterprises.In order to enrich this study,this paper brings the degree of market competition and want to find what impacts it can bring between family involvement and corporate social responsibility.Based on the agency theory,social emotional wealth theory,organizational identity theroy and stakeholder theory,this paper adopts the methods of Person correlation analysis and multiple regression analysis to test the three gypotheses proposed by selecting from 2010-2019 Chinese A-share listed family enterprises as the research objects.The results show that:（1）Corporate social responsibility score will increase with the increase of the proportion of family ownership,that is the higher the level of family involvement,the more social responsibility enterprises will undertake;（2）Similarly,corporate social responsibility score can increase under with the increase of the proportion of family management power,and the same conclusion is drawn:the higher the level of family management power,the more social responsibility enterprises will undertake;（3）The degree of industry competition has no significant effect on the relationship between the degree of family involvement and corporate social responsibility;（4）The firm’s competitive status of enterprises actively influences the relationship between the degree of family involvement and corporate social responsibility.The main significance of this paper is as follows:（1）In the process of searching various keywords,it is found that there are few literatures on social responsibility of family enterprises.The search of this paper is to further broaden and enrich the research the field of family enterprises as a special subject;（2）The quantifiable perspective of family involvement level is used to explore the social responsibility undertaking situation of family enterprises,focus on the economics consequences of the heteogenrity of family enterprises,which is also the expansion of the influencing factors of corporate social responsibility;（3）Introducing the degree of market competition as a moderating variable,taking into account the differences between family enterprises’social responsibilities under different realistic situations;（4）In the real society,this paper provides a new idea for family involvement in corporate governance,tells enterprises that social emotional wealth is also important,and the benefits brought by social responsibility are often more time valuable.