Effect Of Corporate Social Responsibility On Ownership Structure And Performance

Corporate Social Responsibility has been more and more important to scholars and practical managers, And whether it will impact on ownership structure, governance structure and financial performance, if enterprises fulfill their social responsibilities. Whether it has a balance between fulfilling corporate social responsibility and pursuit profit. Now, this has become the focus of attention to enterprises.At the theoretical part, this paper reviewed the concept of corporate social responsibility, development stage, stakeholder theory, CSR's driving forces and development in China on the basis of reading a lot of relevant literature. Furthermore, this article do a reviewed research on CSR and corporate governance, as well as the relationship between financial performance. The combination of corporate social responsibility and stakeholder theory has laid a solid theoretical foundation for CSR's developing, This made the original disputed concept more and more clearly. On this basis, a large number of scholars had done Depth study to corporate social responsibility.In the empirical part of research, this paper constructed of the evaluation system of corporate social responsibility based on financial statements, and set up the multivariate regression model about the corporate social responsibility, ownership structure and corporate performance. Regression results show that, The corporate performance and the nature of equity are negatively related to corporate social responsibility, company size is positive related to corporate social responsibility, other variables found no significant correlation. The results revealed the implementation of the status quo of corporate social responsibility in our country is not satisfactory, the enterprise has not yet formed a positive impact on performance, ownership structure does not adapt to the development of corporate social responsibility required. In addition, corporate social responsibility in our country has just begun, we can use fewer resources, the books only examine the impact of short-term. Corporate social responsibility Strategy is a more long-term investment, therefore, further tests are necessary for long-term impact.