CEO特征与企业社会责任:基于研发投入的中介效应研究

CEO Features and Corporate Social Responsibility: The Mediating Eff ect of R&D Investment

本文以2011～2015年沪深两市A股上市公司为样本,以"特征—战略决策—社会绩效"为研究框架,以研发投入为中介视角,研究CEO特征与企业社会责任之间的作用机制。研究表明,CEO学历、性别和职能背景与企业社会责任存在显著相关性;CEO学历、任期、职能背景和自主权对研发投入有显著影响;研发投入在CEO职能背景对企业社会责任的影响中存在完全中介效应,在CEO学历与企业社会责任的关系中存在部分中介效应,在CEO任期、性别、自主权对企业社会责任的影响中存在遮掩效应。本文将研发投入作为中介变量引入CEO特征与企业社会责任关系的研究,为后续研究开拓了新的方向。

Based on A-share listed companies during year 2011 to 2015, taking the ＂features, strategic decision and social performance＂ as the framework and the R＆D investment as the research perspective, this paper studies the interaction mechanism between CEO features and corporate social responsibility. It finds out that there is a significant correlation between the corporate social responsibility and the educational background, the gender as well as the functional background of CEO; the educational background, the tenure, the functional background and the liberty have significant influences on R＆D investment; the R＆D investment plays a completely mediating role in the influence of CEO functional background on corporate social responsibility, plays a partial mediating role in the relationship between CEO educational background and corporate social responsibility, and plays a masking role in the influence of CEO tenure, gender, liberty on corporate social responsibility. The introduction of R＆D investment into the research of the relationship between CEO features and corporate social responsibility is helpful for exploring new directions for further research.