The Impact of Corporate Governance on CSR in Chinese Manufacturing Industries

Based on stakeholder theory and the literature on corporate governance, this study empirically investigates how corporate governance influences corporate social responsibility(CSR) in Chinese manufacturing industries. By utilizing survey data from 1,268 firms, we demonstrate that while state ownership, the number of independent directors and the presence of an audit committee are positively related to CSR, CEO duality has a negative impact on CSR. Our findings reflect the significant role of corporate governance on CSR, which, therefore, provides guidance for Chinese enterprises on how to improve the internal governance mechanisms and CSR engagement.