摘要
从利他动机视角出发,利用2008—2016年中国A股上市企业的数据,考察了CEO初次进入职场时的经济形势与企业捐赠的关系。研究结果表明,CEO初入职场时的经济形势与企业捐赠显著正相关。进一步研究发现,企业所处环境的动态性和CEO拥有的管理者决断权均正向调节这种关系,即CEO所在企业的环境动态性越强、CEO拥有的管理者决断权越大,在较差的经济形势下参加工作的CEO所在企业的捐赠数值越小。
From the perspective of altruistic motivation, this paper examines the relationship be- tween the economic situation in which a CEO firstly enters the workplace and the corporate donation by making use of the data of Chinese A share listed companies from the year 2008 to 2016. The results show that the economic situation when the CEO enters the workplace for the first time is sig- nificantly and positively correlated to corporate donations. The findings of further studies indicate that this relationship can be positively adjusted by the environmental dynamics in which enterprises are lo- cated and the managers＇ decision power owned by the CEO, i.e., the stronger the environmental dy- namics of the CEO＇ enterprise, the greater the manager＇s decision power owned by the CEO, and the smaller the donation value made by the enterprise in which a CEO works for the first time under relatively poor economic situation.
作者
曾春影
茅宁
ZENG Chun-ying, MAO Ning(Nanjing University, Nanjing 210093, Chin)
出处
《当代财经》
CSSCI
北大核心
2018年第4期78-87,共10页
Contemporary Finance and Economics
基金
国家自然科学基金项目"财务柔性
管理者战略选择与企业可持续成长"(71372031)
国家自然科学基金面上项目"媒体披露
管理层策略选择与市场反应"(71472091)
南京大学研究生跨学科科研创新基金项目"CEO知青经历对企业并购溢价影响机制研究"(2017CW02)
关键词
企业捐赠
烙印理论
初次进入职场的经济形势
利他倾向
corporate donation
imprinting theory
the economic situation when entering theworkplace firstly
altruistic tendency
