Impact of Forign Institutional Investors’ Shareholding on Corporate Social Responsibility

doi:10.12068/j.issn.1005-3026.2023.12.016

Abstract

Abstract: Taking A-share listed companies in China from 2010 to 2020 as research samples， the impact of foreign institutional investors’ shareholding ratio on corporate social responsibility is explored， and internal control is used as an intermediary variable and institutional environment as a moderating variable to further verify the internal mechanism between foreign institutional investors’ shareholding ratio and corporate social responsibility. The results indicate that there is a significant positive correlation between the shareholding ratio of foreign institutional investors and corporate social responsibility， enterprises’ internal control can play a mediating role between the two， and the institutional environment has a certain moderating effect on the relationship between the shareholding ratio of foreign institutional investors and corporate social responsibility.

Key words: foreign institutional investor; corporate social responsibility; internal control; institutional environment; marketization index

CLC Number:

F272.7

LIU Ye， ZHANG Si-yuan， WEI Xin-li. Impact of Forign Institutional Investors’ Shareholding on Corporate Social Responsibility[J]. Journal of Northeastern University(Natural Science), 2023, 44(12): 1791-1797.

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