Open AccessInternal Control, Nature of Equity and Corporate Social Responsibility
Author(s) -
Lifeng Sun,
Nanni Su
Publication year - 2018
Publication title -
journal of management and strategy
Language(s) - English
Resource type - Journals
eISSN - 1923-3973
pISSN - 1923-3965
DOI - 10.5430/jms.v9n1p12
Subject(s) - corporate social responsibility , business , control (management) , accounting , social responsibility , equity (law) , corporate governance , stock exchange , empirical research , public relations , finance , economics , management , philosophy , epistemology , political science , law
Enterprises can promote the fulfillment of corporate social responsibility through excellent internal control so as to achieve the long-term development. Based on the empirical data of main board listed companies of Shanghai and Shenzhen Stock Exchanges from 2013 to 2015, this paper conducts an empirical test by establishing the relationship models among internal control, nature of equity and corporate social responsibility. The results indicate that: (a) Internal control can positively promote the fulfillment of corporate social responsibility; (b) The state-owned enterprises fulfill corporate social responsibility better than non-state-owned enterprises; (c) State-owned enterprises can enhance the positive effect of internal control on the fulfillment of corporate social responsibility.