摘要
基于烙印理论并从利他的角度出发,利用2009-2016年A股上市公司的相关数据研究了CEO早期大饥荒经历对企业捐赠的影响。研究结果表明,有早期大饥荒经历的CEO所在企业的捐赠水平更高;同时有早期大饥荒经历的CEO所在企业的在职消费水平更低,表明其对自己更为节俭对别人更为慷慨。研究还表明,CEO管理决断权对企业捐赠具有正向调节作用。上述结论完善了对企业捐赠动机的研究,对健全公司治理机制与促进企业履行社会责任有重要的现实意义。
Based on the imprinting theory and from the perspective of altruism,this paper studies the impact of CEO's early famine experience on corporate donations by using relevant data of A-share listed companies from 2009 to 2016. The results show that CEOs with early famine experiences had higher levels of donations and lower levels of on-the-job consumption,indicating that they were more frugal to themselves and more generous to others. The research also shows that CEO’ s managerial discretion has positive moderating effect on corporate donation. The above conclusions improve the research on the motivation of corporate donation,and have great practical significance to perfect the corporate governance mechanism and promote corporates to fulfill their social responsibility.
作者
袁有赋
李珍
YUAN You-fu;LI Zhen(School of Accounting,Lanzhou University of Finance and Economics)
出处
《商学研究》
2019年第3期111-119,共9页
Commercial Science Research
关键词
大饥荒
管理决断权
企业捐赠
烙印理论
great famine
managerial discretion
corporate donation
imprinting theory
