摘要：随着改革开放的一步步深入，中国的经济发展取得了令人瞩目的成绩。由于沿海和内陆地区的地域差别，以及城乡的经济结构差异导致我国的贫富差距持续增大。加之最近几年，各种自然灾害发生给人民的生活带来了巨大的影响，有更多的人需要帮助。全社会对于慈善事业发展的需要迫在眉睫，企业的慈善捐赠行为作为整个慈善事业重要的组成部分，渐渐走进社会大众的视野并受到社会各界的广泛关注。传统的学界意见认为，人们把企业的慈善捐赠行为当做一种企业履行企业社会责任的表现。在当今社会，更多的消费者会把企业的爱心慈善行为作为评价企业是否尽到社会责任的标准。公司慈善捐赠的水平受到公司规模、所有权性质、盈利能力、董事会以及管理层的特征等各式各样的内部或者外部的因素影响，因此董事会的组成和公司治理怎样影响企业的慈善捐赠水平，得到了本文的关注。

首先，本文提出了代理理论、马斯洛需求层次理论与战略慈善理论等作为理论分析的基础，对国内外的有关文献进行了研究分析；其次在理论分析的基础上解释了董事会构成和公司管理者对企业慈善捐赠水平的影响，并且对本文的研究提出了假设；接着本文以2008-2012年沪深两市的上市公司的财报数据作为研究的样本，运用描述性分析，相关性分析和回归分析，进行实证研究。研究发现：企业董事会规模、董事会平均年龄、女性在董事会占比、独立董事占比都与企业的慈善捐赠水平呈显著正相关；企业高管持股比例与企业的慈善捐赠水平呈显著负相关。而企业第一大股东持股比例与企业的慈善捐赠水平无显著相关性。

关键词：董事会构成；公司治理；慈善捐赠水平

Abstract：With the gradual deepening of the reform and opening up, China's economic development has achieved remarkable results. Due to the geographical differences in the coastal and inland areas and the differences in the economic structure between urban and rural areas, the gap between the rich and the poor in China continues to increase. In addition, in recent years, the occurrence of various natural disasters has had a tremendous impact on people’s lives, and more people need help. The community's need for the development of philanthropy is imminent. As an important part of the entire philanthropy, corporate charitable donations have gradually entered the eyes of the public and have received extensive attention from all walks of life. The traditional academic opinion holds that people consider corporate charitable donations as an expression of corporate social responsibility. In today's society, more consumers will use the company's charitable behavior as a standard to evaluate whether the company has fulfilled its social responsibility. The level of corporate charitable donations is affected by a variety of internal or external factors such as the size of the company, the nature of the ownership, profitability, the characteristics of the board of directors and management, and so on.

Firstly, this paper puts forward the theory of agency, Maslow's hierarchy of needs, and the theory of strategic charity as the basis for theoretical analysis. It studies and analyzes relevant literature at home and abroad. Second, it explains the composition of the board of directors and company management on the basis of theoretical analysis. The impact of corporate charitable donations on the level of business, and put forward assumptions for the study of this article; then this article to 2008-2012 years of Shanghai and Shenzhen listed companies' financial report data as a sample of the study, the use of descriptive analysis, correlation analysis and regression Analyze and conduct empirical research. The study found that: the size of the board of directors, the average age of the board of directors, the percentage of women in the board of directors, and the proportion of independent directors are positively related to the level of corporate charitable donations; the proportion of corporate executives holding shares is significantly negatively correlated with corporate charitable  donations. There is no significant correlation between the proportion of shares held by the largest shareholder of a company and the level of corporate charitable donations.