Aussie-Sino Studies

2017, (4) P103-P107

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Research on Relationship between Corporate Governance and Social Responsibility of Chinese Private Listed Company: A Review Based on Pharmaceutical Manufacturing Industry

Lu Yongwen 1 & Lu Jie 2 & Yang Xiao 2

摘要(Abstract):

Studies have found that the level of private listed companies in pharmaceutical industry to fulfill their social responsibilities is influenced by sector, external constraint and other factors, but to a large extent, it is determined by the its governance structure. Based on relevant research data from 102 private listed companies in pharmaceutical industry listed by the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2012 to 2014, studies analyzed the relationship between corporate governance and social responsibility in private listed companies in pharmaceutical industry. Further researches have found that enhancing self-discipline, stipulating the proportion of independent directors, increasing executive compensation and other initiatives conduce to the improvement of the governance structure of private listed companies and promote the implementation of their social responsibility.

关键词(KeyWords): Pharmaceutical manufacturing industry, Private listed companies, Governance structure, social responsibility

Abstract:

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基金项目(Foundation): This research is supported by China Postdoctoral Science Foundation funded project (2015M571708), Research and Practice Project of Teaching Reform of Graduate Education in Jiangsu Province (JGZZ1_056) , Excellent English Course of China, Excellent English Course of Jiangsu Province, Education & Science “13th national five-year plan” Project of Jiangsu Province(B-b/2016/01/49) & Advanced Talent Project of Jiangsu University (09JDG050 & 14JDG202).

作者(Author): Lu Yongwen 1 & Lu Jie 2 & Yang Xiao 2

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