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作为核心决策者的首席执行官(chief executive officer,CEO)在企业社会责任(corporate social responsibility,CSR)决策和实施过程中扮演着重要角色,但CEO权力异质性对CSR表现的影响甚少被关注。该文以2009—2011年发布CSR报告的A股上市公司为样本,采用OLS(ordinary least square)法检验了CEO权力、CSR与企业绩效(CFP)的内在关系。研究结果表明:CEO组织权力集中有利于提高企业解决社会-环境问题的效率,但不直接作用于企业绩效,所有权权力的作用则与之相反;具备声望权力和专家权力的CEO能更好地协同社会效益和企业利益。因此为了维护所有者权益和企业可持续发展,企业应综合考察CEO权力构成,并构建有效的权力约束机制。
Chief executive officer (CEO) as a core decision maker plays an important role in decision-making and implementation of corporate social responsibility (CSR). However, the heterogeneity of CEO power has little effect on CSR performance. attention. Based on the A-share listed companies that issued CSR reports in 2009-2011, the paper tests the relationship between CEO power, CSR and business performance (CFP) using the OLS (Ordinal least square) method. The results show that: the concentration of CEO’s organizational power is conducive to improving the efficiency of enterprises to solve social-environmental problems, but not directly on the performance of enterprises, the role of ownership power is the opposite; CEOs with prestige and expert power can better synergy Social benefits and business interests. Therefore, in order to safeguard the rights and interests of owners and the sustainable development of enterprises, enterprises should comprehensively examine the composition of the power of CEO and establish an effective power constraint mechanism.