Party Building and Corporate Social Responsibility:A Micro-Realization Mechanism of Common Wealth
The foundational element of Chinese-style socialism is common wealth.The majority of previous research has focused on how economics,political science,finance,and other related fields may be used to realize common wealth at the macro level.Few studies have addressed the aforementioned query at the micro and disciplinary levels of management.This study explains how common wealth can be realized from this new perspective and understands Party building of private firms to promote corporate social responsibility as a micro-realization mechanism of the common wealth.This study offers a new framework to encourage corporate social responsibility while also reclassifying corporate social responsibility.It is based on Carroll's pyramid model of corporate social responsibility,which defines the boundaries of corporate social responsibility and acknowledges that it is fundamentally about corporate social responsibility for efficiency and fairness.Additionally,this study outlines the three mechanisms that promote corporate social responsibility:government regulation,third-party appeal and supervision,and balancing corporate interests.It then suggests that the fourth mechanism,known as the party building mechanism of enterprises,is a new mechanism that combines internal and external factors to promote corporate social responsibility,taking the total number of mechanisms for promoting corporate social responsibility to four.Furthermore,studies on party building pay less attention to methodically examining the effects of various degrees of party-building components on corporate social responsibility and more attention to the significant influence that the party organization entrenched in a single dimension plays.Furthermore,the overall social repercussions of party organizations affecting corporate social responsibility in private firms have not been further investigated in previous study on the subject of party organizations and corporate social responsibility.The purpose of this study is to understand how private enterprise party building promotes corporate social responsibility as a micro-realization mechanism of shared prosperity.It does this by methodically examining the effects of party building constituent aspects on corporate social responsibility.Based on this,the theoretical analysis concludes that,in order to balance efficiency and equity,corporate social responsibility is a micro-mechanism that combines primary and tertiary distribution.Second,in addition to the mechanisms of interests within the firm,social appeal and oversight,and government regulation,the party building mechanism of enterprises is a new tool for promoting corporate social responsibility.Third,there is economic logic to the party building mechanism of enterprises in encouraging businesses to be socially responsible.Fourth,China's party building mechanism of enterprises is an external and internal mechanism equivalent to Germany's joint decision-making system and the American and British systems of independent directors for the purpose of advancing corporate social responsibility.Fifth,corporate equity and efficiency obligations are the cornerstones of Carroll's pyramid model of corporate social responsibility.According to empirical research,party organization embeddedness can encourage private enterprises to take on fair and efficient responsibilities.Party organization secretaries who are also entrepreneurs bolster the role of party organization embeddedness in promoting efficiency and fair responsibility.Additionally,the work experience of entrepreneurs in local or other grassroots party organizations reinforces the role of party organization embeddedness in promoting fair responsibility,but the promotion of efficiency responsibility is not very important.The paper's claim that"Party building in private enterprises to promote corporate social responsibility is a micro realization mechanism of common wealth"is supported both theoretically and empirically by the aforementioned investigations.This study adds to the body of knowledge on corporate social responsibility and Party building,proposes a micro-mechanism for achieving common prosperity,and shows that achieving common wealth involves broad,universal ideals that can be promoted globally and serve as a point of reference for other nations.
private enterprisesparty buildingcorporate social responsibilitycommon wealth
NETL
NSTL
万方数据
维普
