股权集中度对社会责任的影响研究

Research on the Influence of Equity Concentration on Corporate Social Responsibility

摘要: 企业社会责任是社会经济发展到一定阶段对企业的期望和要求。而股权集中度反映公司治理结构，是如何治理公司的重要衡量指标，如何治理公司影响着企业履行社会责任的程度，因此为了研究公司治理结构，即股权集中度，如何影响企业履行社会责任的问题，本文以2016~2019年度制造业的上市公司为研究样本，检验制造业企业股权集中度对于社会责任的影响。本研究采用回归分析的方法，对股权分布的三种情况：分散、相对控股和绝对控股进行回归分析，结果表明当股权集中度越强时，社会责任履行得越好。此外，本文还通过稳健性检验进一步验证了结论，丰富了相关研究，为企业更好实施社会责任提供指导意义。

Abstract: Corporate social responsibility is the expectation and requirement of enterprises when social economy develops to a certain stage. The ownership concentration reflects the corporate gover-nance structure, which is an important measure of how to govern the company, and how to govern the company affects the degree of corporate social responsibility. Therefore, in order to study the corporate governance structure, that is, the ownership concentration, how to affect corporate social responsibility, this paper takes the listed companies in the manufacturing industry in 2016~2019 as the research sample to test the impact of the ownership concentration of manufacturing enterprises on social responsibility. This study uses the method of regression analysis to analyze the three situations of equity distribution: dispersion, relative holding and absolute holding. The results show that the stronger the equity concentration, the better the performance of social responsibility. In addition, this paper further verifies the conclusion through the robustness test, enriches the relevant research, and provides guidance for enterprises to better implement social responsibility.