中文摘要：

公司慈善捐赠作为公司履行其所承担的社会责任的最典型方式之一，在世界范围内经历了由限制到允许的发展历程。对于处在转型期的当下中国而言，尽管公司慈善捐赠具有减轻政府财政压力、调节贫富差距、缓和社会矛盾等多方面的价值功用。但是数额不适当的捐赠，在微观层面将引发公司管理者的道德风险、增加公司的经营成本、损害利益攸关方的利益期待；在宏观层面极易诱致公司之间为争夺商业机会而展开慈善竞赛、扰乱市场竞争秩序、侵损商业社会之根基，并最终背离公司社会责任理念的初哀。

英文摘要：

the company charity as a company shall fulfill its social responsibility of one of the most typical way, worldwide experience from limited to allow the development process. For in the transition period in China, even though the company charity has reduces the government financial pres- sure, regulate the gap between rich and poor, to alleviate social contradictions and so on various value function. But not appropriate amount of do- nation, will cause the micro company mangers of the moral risk, increase the company＇s operating costs, damage the interests of stakeholders to hope, In macroscopical on easy to cause the company to compete for business opportunities and between on a charity competition, disturbing the order of market competition, loss of business society invaded the foundation, and eventually departure from the company of the theory of social respon- sibility of original intention.