Managerial Ability and Corporate Social Responsibility

Abstract

The article uses the listed companies in Shanghai and Shenzhen in 2011-2017 as a research sample, uses the Demerjian (2012) Dea-Tobit two-stage model to measure managerial capabilities, and uses OLS regression to test the specific impact of managerial capabilities on corporate social responsibility. It analyzes the role played by the nature of property rights and the concentration of equity in the process of managers’ ability to influence corporate social responsibility. The empirical results show that there is a significant positive correlation between managerial ability and corporate social responsibility, that is, the improvement of managerial ability can promote enterprises to actively perform social responsibility. Further research found that state-owned property rights and equity concentration are significantly positively correlated with corporate social responsibility, and the interactions between state-owned property rights and managerial capabilities, and between equity concentration and managerial capabilities will also strengthen enterprises.