The Research On The Relationship Between Corporate Social Responsibility And Growth Of The SME

Since the reform and open in China, small and medium-sized enterprises develop well, which is significant guarantee of development base of national economy. Also, they make much more important role in national economy and provide great power for economy promotion in China. The government, society and enterprises pay much attention on the fulfillment of society responsibility of corporate as the impetus of harmonious development. It is important for developing small and medium-sized enterprises to understand the relationship between the development and society responsibility, especially between the growthof small and medium-sized enterprises in different development phase and society responsibility of corporate. It is forceful condition that the government inducts enterprises to take on society responsibility reasonably. Also, it makes the base of rational development of enterprises and promotes small and medium-sized enterprises to high-quality enterprises.This paper narrates content structure of corporate society responsibility. Existing index systems and factor analysis are used to analyze society responsibility evaluation table of small and medium-sized enterprises in China, which consists of twenty six evaluation indexes by the method of the questionnaire to experts and enterprisers and make up the shortage of situation applicability and coverage area of existing index systems. Factor analysis sets up one first-level index, three second-level indexes and ten third-level index to constitute growth evaluation system of small and medium-sized enterprises. The method of structure equation modeling (SEM) is applied to analyze the relationship between corporate society responsibility in fresh phase, developing phase and developed phase and the growth of small and medium-sized enterprises, which fills up the lack of the research on corporate society responsibility and the growth of small and medium-sized enterprises. In three phases of enterprise development, the relationship between economy responsibility and enterprise growth is positive, and law responsibility and the capability of scale expansion as well as the profitability show positive relationships, while law responsibility and the capacity of capital turnover shows a negative relationship, however, the correlation diminishes gradually. The relationship between persistent development responsibility and enterprise growth changes greatly relative to that of economy responsibility and law responsibility with enterprise growth. In the fresh phase, it is generally negative, but with the development of enterprise, in the developing phase and developed phase, the relationships between persistent development responsibility, economy responsibility, law responsibility and enterprise growth turn positive. The negative correlation between persistent development responsibility and enterprise'profitability diminishes after it achieves to its largest value in the devoloping phase, and the better the persistent development responsibility performs, the better the enterprise devolops. The relationship between morality commonweal responsibility and enterprise growth is much more complex. In all phases, the relationships between morality commonweal responsibility and the capability of scale expansion as well as capital turnover are negative, while with the development of enterprise, the negative correlations decrease gradually. Morality commonweal responsibility and enterprise'profitability do not show a significant relationship in the fresh phase and the devoloping phase, but in the devoloped phase, they show a positive relationship, and this shows that the performing of morality commonweal responsibility is beneficial to the growth of small and medium-sized enterprises.According to the analysis and research, the conclusion is that more and more exerting government supervision, adjusting intervention affection, perfecting self-discipline, unconstraint mechanism, evaluation report and society supervision system of corporate society responsibility is effective approach to ensure take on rationally society responsibility of small and medium-sized enterprises and promote the development of small and medium-sized enterprises.