|本期目录/Table of Contents|

[1]徐海成,张蓓齐,徐思.高管团队异质性、股权集中度与企业社会责任[J].长安大学学报(社科版),2020,22(03):46-54.
 XU Haicheng,ZHANG Beiqi,XU Si.Executive team heterogeneity, equity concentration and corporate social responsibility[J].Journal of Chang'an University(Social Science Edition),2020,22(03):46-54.
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高管团队异质性、股权集中度与企业社会责任(PDF)
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《长安大学学报(社科版)》[ISSN:1671-6248/CN:61-1391/C]

卷:
第22卷
期数:
2020年03期
页码:
46-54
栏目:
经济与管理
出版日期:
2020-05-15

文章信息/Info

Title:
Executive team heterogeneity, equity concentration and corporate social responsibility
作者:
徐海成张蓓齐徐思
长安大学 经济与管理学院,陕西 西安 710064
Author(s):
XU HaichengZHANG BeiqiXU Si
School of Economics and Management, Chang’an University, Xi’an 710064, Shaanxi, China
关键词:
高管团队异质性年龄任期薪酬股权集中度社会责任共享渠道
Keywords:
executive teamheterogeneityagetenuresalaryequity concentrationsocial responsibilitysharing channel
分类号:
F270.7
DOI:
-
文献标志码:
A
摘要:
针对关于企业社会责任的评级评分报告中显示中国上市公司社会责任履行水平偏低的问题,基于高阶梯队理论及需求层次理论,以2014~2017年沪深A股261家上市公司为研究样本,构建固定效应及面板门槛模型,研究高管团队异质性对企业社会责任的影响以及股权集中度对二者关系的调节作用。研究认为,高管团队年龄异质性、教育水平异质性对企业社会责任有显著负向影响;以股权集中度为门槛变量时,高管团队年龄异质性、教育水平异质性与企业社会责任之间存在非线性关系,股权集中度低于11.65%时,高管团队年龄异质性、教育水平异质性对企业社会责任有显著正向影响;高于11.65%时,高管团队年龄异质性、教育水平异质性对企业社会责任有显著负向影响。企业可以在考虑股权集中度的基础上有效构建高管团队,实现人力资源的最优配置;建立适当的沟通机制,保证信息传递、共享渠道的畅通,削弱异质性对企业社会责任战略制定及实施带来的负面影响。
Abstract:
As the rating report on corporate social responsibility shows that the performance level of social responsibility bylisted companies in China is generally low, this paper constructs the fixed effect and panel threshold model based on the highlevel echelon theory and demand hierarchy theory, using the 261 Ashare listed companies in Shanghai and Shenzhen from 2014 to 2017 as research samples, and studies the impact of the heterogeneity of the executive team on corporate social responsibility and the regulatory role of equity concentration on the relationship between them. The results show that the age heterogeneity and education level heterogeneity of executive team have a significant negative impact on corporate social responsibility. At the same time, when equity concentration is the threshold variable, there is a nonlinear relationship between age heterogeneity and education level heterogeneity of the executiveteam and corporate social responsibility. When equity concentration is lower than 11.65%, age heterogeneity and education level heterogeneity of executive team have a significant positive impact on corporate social responsibility. When equity concentration is higher than 11.65%, age heterogeneity and education level heterogeneity of executive team have a significant negative impact on corporate social responsibility. Based on the consideration of equity concentration, enterprises can effectively build anexecutive team to realize the optimal allocation of human resources; establish appropriate communication mechanism to ensure the smooth flow of information transmission and sharing channels, and reduce the negative impact of heterogeneity on the formulation and implementation of corporate social responsibility strategies.

参考文献/References:

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备注/Memo

备注/Memo:
教育部人文社会科学研究规划基金项目(19YJA790097)
更新日期/Last Update: 2020-07-02