摘要
家族企业履行社会责任一直是学者们关注的热点。本文以2011—2021年在沪深上市的家族企业为研究对象,基于委托代理理论和资源基础理论,实证检验了管理权与股权的“去家族化”对企业履行社会责任的影响。研究发现,家族企业在管理权上的“去家族化”能够通过加强内部治理和提升风险承担能力显著提升企业的整体社会责任表现,并增强社会责任各个维度履行的一致性,而股权的“去家族化”则无显著影响。此外,在市场化程度较高的区域和高管薪酬较高的企业中,管理权“去家族化”提升社会责任整体表现及其各维度履行的一致性的效果更加显著。进一步分析显示,若保持较高家族管理权的情况下实行股权“去家族化”,会降低社会责任各个维度履行的一致性。本研究为家族企业治理结构改革下的社会责任履行情况提供了新证据,对推进企业治理现代化和实现高质量发展具有实践价值。
The fulfillment of social responsibility by family firm has long attracted the interest of scholars.This study focuses on family enterprises listed on the Shanghai and Shenzhen stock exchanges from 2011 to 2021.Based on agency theory and the resource-based view,it empirically examines the impact of the"de-familyization"of management rights and ownership on corporate social responsibility(CSR)performance.The study finds that the"de-familyization"of management rights significantly enhances the overall CSR performance of family businesses by strengthening internal governance and increasing risk-taking ability.It also improves the consistency of fulfilling various dimensions of social responsibility,while the"de-familyization"of ownership shows no significant effect.Furthermore,in regions with higher marketization and in firms with higher executive compensation,the positive effects of"de-familyization"of management rights on both overall CSR performance and the consistency of fulfilling its dimensions are even more pronounced.Further analysis indicates that if ownership"de-familyization"is implemented while maintaining a high level of family management rights,it may reduce the consistency of fulfilling social responsibility across various dimensions.This research provides new evidence on the performance of CSR amidst the governance structure reforms of family businesses,offering practical value for advancing corporate governance modernization and achieving high-quality development.
作者
陈灿君
梁孟裳
CHEN Canjun;LIANG Mengshang(School of Sociology and Population Studies,Nanjing University of Posts and Telecommunications,Nanjing 210023,China;Business School,Hohai University,Nanjing 211100,China)
出处
《中南财经政法大学学报》
北大核心
2025年第4期26-38,共13页
Journal of Zhongnan University of Economics and Law
基金
南京邮电大学引进人才科研启动基金项目“公司治理视角下家族代际传承对企业社会责任的影响机制研究”(NYY223033)
江苏高校哲学社会科学研究一般项目“数字化转型赋能江苏民营企业高质量发展的机制与政策保障研究”(2024SJYB0106)
南京邮电大学2024年度校级人文社会科学研究基金项目“民营制造业企业数字化与绿色化协同转型的机制与路径研究”(NPY224005)。
关键词
家族企业
去家族化
企业社会责任
一致性
Family Firms
De-familialization
Corporate Social Responsibility
Consistency
