Abstract
Based on the perspective of legitimacy, this paper uses the Logistic and OLS regression methods to analyze the relationship between the release of CSR reports issued by private companies from 2010 to 2016 and the relationship between report quality and executive political connections. The analysis shows that executive political relations can significantly affect the quality of private companies in the CSR report release and publication possibility of CSR report. According to the analysis results, the paper finally proposes how to promote corporate social responsibility by exerting the political correlation role of executives. Through theoretical and empirical research, it analyzes the influence of executive political association on corporate financial performance and social responsibility, and analyzes and verifies the role of regional marketization development process in private social responsibility behavior and political association formation motivation, thus making private enterprise politics rational use of related resources, standardizing and guiding the commitment of civil society’s social responsibility, and providing corresponding policy recommendations for promoting healthy and sustainable economic development. Secondly, this study analyzes the influence of executive political connections on corporate social responsibility behavior from a multi-theoretical perspective, and provides more analytical perspectives for future related research.
Highlights
In recent years, with the development of economic globalization, the market and the public’s criteria for judging whether a company is successful are no longer based on the short-term investment income and operating profit of the enterprise, and the Chinese government pays more attention to the harmonious development of the economy rather than pursuing a single value
The analysis shows that executive political relations can significantly affect the quality of private companies in the CSR report release and publication possibility of CSR report
Looking at the number of CSR reports released by all listed companies in each year in recent years, we find that the number of CSR reports released by China’s listed companies has increased tremendously since 2010, and the growth rate is still very impressive in the two years
Summary
With the development of economic globalization, the market and the public’s criteria for judging whether a company is successful are no longer based on the short-term investment income and operating profit of the enterprise, and the Chinese government pays more attention to the harmonious development of the economy rather than pursuing a single value. Private enterprises have the motive to seek to establish political ties They will pay more attention to the choice of corporate political strategy. Private enterprises spontaneously respond to the government’s call, and the release of CSR reports is largely due to the pursuit of political legitimacy. If the political relationship of executives is a strategic behavior taken by enterprises in order to obtain legitimacy, the relationship between the release of executives’ political connections and corporate social responsibility reports and decoupling will be beneficial to the changes in the market or economic environment. The relationship between the political relationship of executives and the publication and reporting quality of corporate social responsibility reports is studied from the perspectives of legality and institutional pressure
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