| CEO权力、企业社会责任和企业绩效的关系 |
| 陶文杰, 金占明 |
| 清华大学 经济管理学院, 北京 100084 |
| CEO power, corporate social responsibility, and corporate performance |
| TAO Wenjie, JIN Zhanming |
| School of Economic and Management, Tsinghua University, Beijing 100084, China |
摘要:
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| 摘要作为核心决策者的首席执行官(chief executive officer, CEO)在企业社会责任(corporate social responsibility, CSR)决策和实施过程中扮演着重要角色, 但CEO权力异质性对CSR表现的影响甚少被关注。该文以2009-2011年发布CSR报告的A股上市公司为样本, 采用OLS (ordinary least square)法检验了CEO权力、 CSR与企业绩效(CFP)的内在关系。研究结果表明: CEO组织权力集中有利于提高企业解决社会-环境问题的效率, 但不直接作用于企业绩效, 所有权权力的作用则与之相反; 具备声望权力和专家权力的CEO能更好地协同社会效益和企业利益。因此为了维护所有者权益和企业可持续发展, 企业应综合考察CEO权力构成, 并构建有效的权力约束机制。 | |||
| 关键词 ：企业社会责任(CSR),首席执行官(CEO)权力,战略协同,社企共赢,企业绩效(CFP) | |||
| Abstract：The chief executive officer (CEO) plays an irreplaceable role in the corporate social responsibility (CSR) decision-making and implementation process, but the effect of CEO's power relationships on corporate social performance is less mentioned. A-share listed companies who released CSR reports from 2009 to 2011 were studied using the OLS (ordinary least squares) method to test the relationships among CEO power, CSR and corporate finance performance (CFP). The results show that structural power can help CEOs more effectively solve social-environmental problems, but it is not sufficient to improve CFP with the influence of ownership power having opposite effects on CSR and CFP. CEOs with prestige power and expert power can better relate social and business interests. The results show that companies should carefully structure the CEO's power with effective power restrictions to protect the owner's equity and maintain sustainable development. | |||
| Key words：corporate social responsibility (CSR)chief executive officer (CEO) powerstrategic synergywin-win between companies and societycorporate finance performance (CFP) | |||
| 收稿日期: 2014-04-10 出版日期: 2016-01-12 | |||
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| 通讯作者:金占明,教授,E-mail:jinzhm@sem.tsinghua.edu.cn。E-mail: jinzhm@sem.tsinghua.edu.cn | |||
| 引用本文: |
| 陶文杰, 金占明. CEO权力、企业社会责任和企业绩效的关系[J]. 清华大学学报（自然科学版）, 2015, 55(12): 1354-1360. TAO Wenjie, JIN Zhanming. CEO power, corporate social responsibility, and corporate performance. Journal of Tsinghua University(Science and Technology), 2015, 55(12): 1354-1360. |
| 链接本文: |
| http://jst.tsinghuajournals.com/CN/10.16511/j.cnki.qhdxxb.2015.24.014或 http://jst.tsinghuajournals.com/CN/Y2015/V55/I12/1354 |
图表:
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| 表1 CEO 权力维度指标体系 |
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| 表2 变量测量方法 |
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| 图1 中介变量检验示意图 |
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| 表3 变量描述性统计分析及相关系数检验 |
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| 表4 假设检验结果 |
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