慈善捐赠政治关联与高管持股上市公司的证据

摘要如今慈善捐赠的话题越发受到公众关注，高管对上市公司慈善行为的态度却鲜有人研究，同时上市公司的高管是否具有政治关联、我国特有的制度环境也是影响高管持股的重要方面。本文以资源依赖理论、委托代理理论和制度理论为基础，主要对慈善捐赠强度、政治关联、制度环境和高管持股变化的关系进行研究，选取2008年至2014年共893个样本进行描述性和相关性分析，并构建归回模型，通过实证分析得出以下结论：慈善捐赠与高管持股变动正相关。具体而言，在有政治关联的公司里，慈善捐赠与高管持股变动正相关。在没有政治关联的公司里，慈善捐赠与高管持股变动没显著相关性。进一步的在有政治关联的公司里，市场化程度对慈善捐赠与高管持股之间的相关性有显著的正向调节作用。在没有政治关联的公司里，市场化程度对慈善捐赠与高管持股之间的相关性调节作用不明显。80441

毕业论文关键词慈善捐赠政治关联高管持股制度环境

毕业论文外文摘要

Title Charitable donations、Political connections and Executives holding —— Evidence from Listed Companies

Abstract Today, the topic of charitable giving more and more attention by the public, the attitude of executives of listed companies philanthropy rarely been studied, but executives of listed companies whether a political association, our unique institutional environment is also an important aspect of the impact of managerial ownership。 In this paper, resource dependence theory, agency theory and institutional theory, mainly on the strength of the relationship between charitable donations, political association and institutional environment executive ownership changes were studied, selected years from 2008 to 2014 a total of 893 samples were descriptive and correlation analysis, and build models return, through empirical analysis the following conclusions: Philanthropy and executive ownership changes positively correlated。 Specifically, in the politically connected companies, charitable donations and positive correlation between changes in executive ownership。 In the absence of politically connected companies, charitable donations and Change Management Ownership no significant correlation。 Further in the politically connected company, the market has a significant degree of positive correlation between the regulation of charitable contributions and managerial ownership between。 In the absence of politically connected companies, the degree of correlation between market regulation and charitable donations between managerial ownership is not obvious。

Keywords Charitable donations Political connections Executives holding Institutional Environment

1 绪论 1

1,1 研究背景 1

1。2 研究意义 2

1。3 研究方法 3

1。4 新颖之处 3

1。5 研究内容与结构安排 3

2 文献综述 6

2。1 相关理论渊源与概念界定 6

2。2 公司慈善捐赠的影响因素研究 8

2。3 政治关联与慈善捐赠关联性研究 11

2。4 慈善捐赠与高管持股关联性研究 11

2。5 综述评论慈善捐赠政治关联与高管持股上市公司的证据:http://www.youerw.com/kuaiji/lunwen_93452.html