女性董事对企业社会责任履行的影响——以慈善捐赠为例

Research on Influence of Female Directors upon Corporate Social Responsibility:Taking Charitable Donation as Example

中文关键词:  女性董事  企业社会责任  慈善捐赠  社会角色  Heckman两阶段模型

英文关键词:female director  corporate social responsibility  charitable donation  social role  Heckman two-stage model

中文摘要:

      以2002—2014年中国A股非金融类上市公司为研究样本,利用社会角色理论分析了女性董事影响慈善捐赠的作用机理,相对于男性董事,女性董事的“公共型”特征使得她们天生就有同情心,乐于助人和关怀他人,此外还因受性别刻板印象的影响,使得女性董事更加关注慈善捐赠,也愿意积极参与上市公司的慈善捐赠决策。考虑到中国上市公司聘请女性董事可能存在自选择偏误问题,本文采用Heckman两阶段模型有效控制了自选择偏误产生的内生性问题。研究结果表明,董事会中有女性董事的上市公司的慈善捐赠多于没有女性董事的上市公司。文章的研究在一定程度上解释了女性董事为什么会影响上市公司的慈善捐赠,揭示了女性董事在董事会所扮演的角色,对上市公司聘请女性董事和积极履行社会责任都具有重要的参考价值。

英文摘要:

      With China's A-share non-financial listed companies during the years from 2002 to 2014 as research sample, this paper uses the social role theory to analyze the mechanism of female directors' influence upon charitable donation. Compared with male directors, female directors have a “common type” nature which makes them inherently compassionate, helpful, and caring for others. Moreover, due to the impact of gender stereotypes, female directors pay more attention to philanthropy and are also willing to actively participate in decision-making of charitable donation. Considering the possibleself-selection bias problem in China's listed companies to employ female directors, this paper uses Heckman two-stage model to effectively control the endogeneity problem arising from self-selection bias. The results show that there are more charitable donations in the listed companies with female directors than those with no female directors. This study explains why female directors affect charitable donation in the listed companies to some extent and reveals the role of female directors in board of directors, which has an important reference value to the listed companies in hiring female directors and actively fulfilling the social responsibility. 