Performance Evaluation of the Regional Knowledge Innovation System in China

This paper investigates the effect of gender leadership with political connection on CSR performance using annual data of Chinese firms who listed in China A-share stock market and had CSR rating assessed by Rankins from 2009 to 2015. In addition, we also examine whether the foregoing question is under the influence of particular ownership structure in China. Our empirical results suggest that female chairman or CEO would not perform well in CSR activities, while leader’s political capital acts an exacerbating force. Specifically, the negative and statistically significant of interaction term female leadership with political capital is obviously identified for the Non-SOEs. The mandatory CSR reporting would not encourage firms to make more effort on CSR activities to the purpose on generating positive social externalities, while the advantages of CSR rating in firms are not obviously experience to coordinate the conflict of interest between stakeholders.