The influence of corporate governance structure on corporate social responsibility : empirical evidence from China

There are a large number of Corporate Social Responsibility (‘CSR’) deficiency cases in China which trigger the attention by all sector of community from 2011, relating to the fact that some companies chase to maximize the economic interest while ignore their social responsibility. In addition, the Academia deeps the research on the problem of Corporate Governance (‘CG’) switches from single Corporate Governance factor and structural level to the systematic evaluation and research of Corporate Governance effectiveness. This paper includes the theoretical reviews and empirical research analysis. In theoretical review, the paper elaborates on the definition of CSR, CG and reviews the previous researches about the influence of CG on CSR. In empirical research, this paper regards the listed 66 companies which consecutively enter into ‘Top 100 CSR Development Index of Chinese Company’ from 2009-2011 as the research samples and carries out the research on the mutual relationship between Corporate Governance Structure and Corporate Social Responsibility. The research result shows: 1.CSR of State-Owned Company is higher than Non-State-Owned Company. 2. The Corporate Governance Structure has a significant influence on Corporate Social Responsibility, such as CEO Duality, Number of Board Member, Number and Effective Incentive on the Managerial level. 3. There is serious deficiency in the Corporate Governance Structure (‘CGS’) of listed companies in China. According to this actual situation, there is distinctive policy suggestion to modify the Corporate Governance Structure of different kind of companies.