• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
    • Abstracting/ Indexing:  CNKI, Google Scholar, Electronic Journals Library, Crossref, Ulrich's Periodicals Directory, MESLibrary, etc.
    • E-mail: joebm.editor@gmail.com
JOEBM 2021 Vol.9(4): 81-86 ISSN: 2301-3567
DOI: 10.18178/joebm.2021.9.4.660

Empirical Research on the Impact of Institutional Investors' Shareholding Ratio on Corporate Social Responsibility

Hong Wang

Abstract—Since the 21st century, China's economic development has been booming, which has promoted the growth of institutional investors and enabled them to play an increasingly important role in the capital market. On the other hand, in recent years, as the key investment object of institutional investors, listed enterprises have appeared a variety of social responsibility problems, revealing the lack of social responsibility of enterprises. Based on this, it is of great significance to study the impact of shareholding ratio of institutional investors on CSR and further put forward Suggestions on improving CSR performance.This article takes the manufacturing enterprises listed on a-share market from 2008 to 2011 as the sample, and studies the impact of the overall shareholding ratio of institutional investors on enterprises' social responsibility through empirical research. The research results show that institutional investors can promote enterprises to better undertake social responsibility, the listing time and scale of enterprises are positively correlated with social responsibility performance, and the return on equity has no significant impact on social responsibility performance. Finally, the article puts forward three Suggestions, which are to attach importance to the qualitative and quantitative research of corporate social responsibility, to promote institutional investors to actively participate in major corporate decisions, and to promote institutional investors to diversify.

Index Terms—Institutional investors' shareholding ratio, corporate social responsibility, empirical research.

Hong Wang is a with Zhejiang Gongshang University, China (email: whwowowo@163.com).


Cite:Hong Wang, "Empirical Research on the Impact of Institutional Investors' Shareholding Ratio on Corporate Social Responsibility," Journal of Economics, Business and Management vol. 9, no. 4, pp. 81-86, 2021.

Copyright © 2021 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

Copyright © 2008-2024. Journal of Economics, Business and Management. All rights reserved.
E-mail: joebm.editor@gmail.com