Research Article
Heterogeneous Institutional Shareholding, Internal Control and Corporate Social Responsibility: Evidence from Chinese Listed Companies
@INPROCEEDINGS{10.1007/978-3-030-95987-6_10, author={Xin Zhang}, title={Heterogeneous Institutional Shareholding, Internal Control and Corporate Social Responsibility: Evidence from Chinese Listed Companies}, proceedings={IoT as a Service. 7th EAI International Conference, IoTaaS 2021, Sydney, Australia, December 13--14, 2021, Proceedings}, proceedings_a={IOTAAS}, year={2022}, month={7}, keywords={Institutional ownership Heterogeneity Internal control Mediation effect CSR}, doi={10.1007/978-3-030-95987-6_10} }- Xin Zhang
Year: 2022
Heterogeneous Institutional Shareholding, Internal Control and Corporate Social Responsibility: Evidence from Chinese Listed Companies
IOTAAS
Springer
DOI: 10.1007/978-3-030-95987-6_10
Abstract
The study analyzes the impact of heterogeneous institutional shareholding on corporate social responsibility (CSR) performance and corporate internal control (IC), and explores the mediating effect of internal control between heterogeneous institutional shareholding and CSR performance. The results show that Pressure-resistant institutional shareholding significantly improves CSR fulfillment degree and the effectiveness of internal control, while Pressure-sensitive institutional shareholding has no significant promoting effect on CSR fulfillment and IC effectiveness. Effective IC has a significant mediating effect between Pressure-sensitive institutional shareholding and CSR fulfillment. Finally, it is suggested that the structure of institutional investors should be optimized, and the shareholding ratio of Securities investment funds, qualified foreign institutional investors (QFII) and Social security funds should be enhanced to improve CSR performance and IC effectiveness. And the mediating effect of IC between institutional ownership and CSR fulfillment should be promoted, to strengthen the consciousness of enterprises to take the initiative to enhance CSR performance.
