Abstract
Political connection and corporate social responsibility are important social resources of enterprises, which play an important role in debt financing, corporate governance, corporate performance, R&D investment and so on. With the research on the potential motive of social responsibility fulfillment, it is found that enterprises with political connections are required to fulfill more social responsibility. There are few literatures on the relationship between political connections and social responsibility. Therefore, based on resource dependence theory and strategic social responsibility concept, this paper combs the relationship between the construction of political ties and the fulfillment of corporate social responsibility, and considers the relationship from the external institutional environment, the nature of corporate property rights, the categories and levels of political connections.
Highlights
The contradiction between the imperfect legal mechanism of our country and the increasingly sound market economic system makes the enterprises to safeguard their own interests through the political connection, while Faccio (2006) finds that political association can resolve contradictions and bring benefits to the company
Michael once said: "Only by strategically undertaking corporate social responsibility can the company achieve the greatest positive impact on society and reap the wealth of commercial benefits." Based on this, this paper studies the influence of political association on Enterprise Behavior, social responsibility and social responsibility of political association as intermediate variable from the strategic angle, hoping to help the research of social responsibility fulfillment for political association
In order to improve the sustainable development of enterprises and gain the recognition and respect of stakeholders, this paper studies the relationship between political association and corporate social responsibility based on resource dependence theory, stakeholder theory and sustainable development theory, which affect the sustainable development of enterprises
Summary
The contradiction between the imperfect legal mechanism of our country and the increasingly sound market economic system makes the enterprises to safeguard their own interests through the political connection, while Faccio (2006) finds that political association can resolve contradictions and bring benefits to the company. Wanda Group chairman Wang Jianlin as a former government official "into the sea" business, its own political connection in the early stage of entrepreneurship and the company's performance has a significant positive correlation, and was elected as NPC, CPPCC representatives, the Wanda Group to build this political connection to bring a variety of scarce resources and competitive advantage (Liang and Feng, 2010) Promote the rapid development of Wanda Enterprises. Michael once said: "Only by strategically undertaking corporate social responsibility can the company achieve the greatest positive impact on society and reap the wealth of commercial benefits." Based on this, this paper studies the influence of political association on Enterprise Behavior, social responsibility and social responsibility of political association as intermediate variable from the strategic angle, hoping to help the research of social responsibility fulfillment for political association
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