Empirical Research on the Correlation between Corporate Social Responsibility and TMT Characteristics

Abstract

In recent years, problems like atmospheric haze, substandard milk powder and automobile recall have aroused people’s attention to corporate social responsibility. There are differences between most enterprises’ practical action of fulfilling social responsibility and the public’s expectation, and TMT (top management team) is the major decision maker of an enterprise’s behavior. Taking listed companies publishing the report on corporate social responsibility in 2014 as samples, this paper is aimed at studying the correlation between TMT characteristics and corporate social responsibility information disclosure. The results of empirical studies have shown that the proportion of the number of TMT with political and international background is significantly positively correlated to corporate social responsibility information disclosure, but there is no significant correlation between the number of TMT and corporate social responsibility information disclosure.