Research On The Impact Mechanism Of Corporate Social Responsibility Deficiency On The Unconventional Changes Of Senior Executive

Complete corporate governance mechanism is an important basis for enterprises to innovate and reform and achieve high-quality development.In recent years,the corporate governance mechanism system has been improved and enriched in practice and operation,and more and more companies are gradually focusing on taking social responsibility,in addition,in order to obtain a good corporate reputation,more and more companies have begun to pay more attention to stakeholder complaints,but due to the frequent occurrence of Corporate Social Irresponsibility,typically such as environmental pollution problems,quality and safety problems,salary conflicts,Corporate Social Irresponsibility is becoming a hot topic of concern for society as a whole.Although the issue of Corporate Social Irresponsibility did not initially receive much attention from scholars,the frequent and increasing occurrence of the problem has seriously affected the business development of enterprises,while relevant studies have shown that even if enterprises normally fulfil their social responsibilities,they have not restrained the occurrence of Corporate Social Irresponsibility,and the specific reasons for this are still unclear.Therefore,scholars have begun to pay attention to the research on the problem of Corporate Social Irresponsibility.For these reasons,the study of Corporate Social Irresponsibility has important theoretical and practical significance.This paper takes 27,627 observed samples of 3,683 listed enterprises in Shanghai and Shenzhen A-shares in China from 2010 to 2020 as the benchmark,manually collates data on corporate social responsibility deficiency behaviour,and studies the relationship between Corporate Social Irresponsibility and unconventional changes of executives on the basis of the theories of contract theory,stakeholder theory,signaling theory and its related literature and other studies.The relationship between Corporate Social Irresponsibility and unconventional changes in executives is investigated,and two dimensions of Corporate Social Irresponsibility are further classified according to stakeholder theory,namely,internal Corporate Social Irresponsibility and external Corporate Social Irresponsibility,and the impact of both on unconventional changes in executives is compared.Then,on this basis,the mediating role played by corporate reputation is investigated to further uncover the influencing mechanism behind it.Finally,media attention is introduced to explore its moderating role between Corporate Social Irresponsibility and unconventional changes in executives,and between Corporate Social Irresponsibility and corporate reputation.The study shows that,firstly,Corporate Social Irresponsibility has a significant reinforcing effect on unconventional executive changes.Secondly,both external and internal Corporate Social Irresponsibility have a significant reinforcing effect on nonconventional executive change.Third,corporate reputation plays a mediating role in the effect of Corporate Social Irresponsibility on unconventional executive change.The results suggest that Corporate Social Irresponsibility reduce corporate reputation,which in turn increases the likelihood of unconventional executive change.Fourth,corporate reputation mediates the effect of external Corporate Social Irresponsibility on unconventional executive change,while it is not significant in internal deficits.Fifth,media attention inhibits the positive effect of Corporate Social Irresponsibility on unconventional executive change,while weakening the negative effect of Corporate Social Irresponsibility on corporate reputation.