The Promoting Effect or Inhibition Effect? Executives’ Educational Level on Corporate Social Responsibility in Chemical Industry

• Main Author: Bin Wang
• Format: Article
• Language: English
• Published: AIDIC Servizi S.r.l. 2018-07-01
• Series: Chemical Engineering Transactions
• Online Access: https://www.cetjournal.it/index.php/cet/article/view/2888

Chemical industry is the industrial foundation in China. The corporate social responsibility and executives’ educational level are the hot topics in the field of chemical industry and accounting. Based on the upper echelons theory and stakeholder theory, this paper takes the A-share listed companies in the chemical industry disclosing social responsibility reports in Shanghai and Shenzhen stock markets in China during 2009-2015 as samples, and uses the system GMM method to carry out empirical analysis on the dynamic inter-temporal effects of executives’ educational level on corporate social responsibility. The results show that the executives’ educational level lagging two phases has a significant positive effect on the current corporate social responsibility, the executives’ educational level of the listed companies in China's chemical industry plays a promoting effect on corporate social responsibility.