高管激励对企业社会责任影响研究

The Influence of Senior Executives' Personal Incentives on Driving Corporate Social Responsibility

本文将高管激励区分为显性激励和隐性激励,实证探究高管激励对企业承担社会责任的影响作用。研究结果显示,高管显性激励中的股权激励越多,则其所在企业越倾向于披露企业社会责任报告。并且高管获得显性激励中的股权激励和现金薪酬激励均能显著提升企业社会责任(CSR)绩效。隐性激励中的职龄激励对企业社会责任绩效具有非线性影响关系,经理自主权防御效应则存在负向影响。本文研究结论有助于完善企业高管激励政策,推动企业披露社会责任报告,以及提高企业社会责任绩效。

This paper divides senior executives＇ personal incentives into monetary and non-monetary. The results show that senior executives who have more stock ownership incentive tend to disclose CSR （corporate social responsibility）. And both of stock ownership incentive and cash incentives that belong to monetary incentives can enhance CSR performance. Age of position which belongs to non-monetary has a nonlinear relationship with CSR performance. And senior executives＂ entrenchment has a negative effect on CSR performance. This paper resuhs contribute to the improvement of senior executives＂ personal incentives, and stimulate comnanies to disclose CSR and enhance CSR nerformance.