An Empirical Research On Relationship Between CSR Of China' Oil And Chemical Coporate And Financial Performance

From 2008, some accidents such as tainted sanlu milk powder, Wangjialing mining accident and oil spills accident in Dalian etc. which damaged people's life occurred in our country, those accidents were related to corporate social responsibility(CSR) closely, which have caused great social attention and hot discussinon, how do social responsibility carried by corporations affect corporations'financial performance? Some people think social responsibility carried by corporations will increase operational costs, decrease corporations'financial performance; Others argue that social responsibility carried by corporations will make corporations'financial performance better, and then boost corporations' competitive advantage. The relationship between "CSR" and corporations'financial performance is the main point of this paper.At first, put the problem trying to be solved from the research background and discuss the meaning and purpose, reviewed related literature about the relationship between "CSR" and financial performance, the research method and the main points and other relevant content; Secondly, summarize different definitions of "CSR" and define the concept and analysis related theory, provide a theoretical basis,such as stakeholders theory, social contract theory and Triple Bottom Line theory;Finally, establish specific indicators and model in order to research the affection of social responsibility conducted to the financial performance, take advantage of multiple linear regression mathematical tool to analysis empirical result of the relationship between CSR and financial performance about oil companies and chemical companies.Empirical studies indicate that related to the relationship, most of the variable of corporate social responsibility to improve financial performance. With regard to regression effect, the current social responsibility and current financial performance is marked positive correlation,and impaction of corporate social responsibility to improve financial performance will decrease with time.