高管团队异质性与企业社会责任——基于预算管理的行为整合作用研究

摘要

本文以我国2011-2015年A股上市公司为样本,考察了高管团队异质性对企业社会责任的影响以及预算管理在这种影响中的行为整合作用.研究结果表明,高管团队在年龄和任期方面的异质性均与企业社会责任呈负相关,在学历和性别方面的异质性均与企业社会责任呈正相关;预算管理在高管团队异质性影响企业社会责任中起到了积极的行为整合作用.进一步区分公司产权性质之后发现,高管团队在年龄和任期上的异质性与企业社会责任的负向关系在非国有控股公司中更加显著;在性别上的异质性与企业社会责任的正向关系在国有控股公司中更加显著;在学历上的异质性与企业社会责任的正向关系在国有和非国有控股公司中没有差异;预算管理在高管团队异质性影响企业社会责任中的行为整合作用在非国有公司中更加显著.%Taking A share listed companies in China from 2011 to 2015 as research samples,this paper investigates the effect of top management team (TMT) on corporate social responsibility and the role of budget management in the behavior integration.The results show that the heterogeneity of TMT in age and tenure are significantly negatively correlated with corporate social responsibility,and the heterogeneity in education and gender are significantly positively correlated with corporate social responsibility.Budget management plays a positive role of behavioral integration in the effect of TMT heterogeneity on corporate social responsibility.After further distinguishing the nature of the company's property,it is found that the negative correlation between the heterogeneity of TMT in age and tenure and the corporate social responsibility is more significant in the non-state-owned holding companies.The positive correlation between the heterogeneity in gender and the corporate social responsibility is more significant in the state-owned holding companies.There is no difference in the positive correlation between the heterogeneity in education and the corporate social responsibility in the state-owned and non-stateowned holding companies.The behavioral integration of budget management in the effect of TMT heterogeneity on corporate social responsibility in the non-state-owned holding companies is more significant.