An Empirical Study On The Impact Of Corporate Social Responsibility On Corporate Value In China 's Listed Companies

With the development of economy, the field of economy which is researched by scholars continues to expand, then the social responsibility get into people’s horizons and become a scrambling object to study. The scholar Shelton is the first one to think about the concept. Then the European and American scholars study the social responsibility deeply.In 1980 s, scholars in our country introduce the concept with the increasing economy. In recent years, the serious environment and social problem have affected people’s daily life. The significance of responsibility brings us to think about it.Enterprises should take into account the persons around it.Because have ignore the CRS,Therefore the social responsibility and the value of companies is worth to think about.Based on this two aspects of the theory and practice. I choose the listed company as examples and study the impact of CSR. I hope companies can improve the awareness of enterprises to fulfill social responsibility.First of all, it is defined the social responsibility of listed companies from the perspective of stakeholders. On the base of it, this article uses the method of theoretical analysis to perform the value influence caused by the social responsibility of enterprise,and it has carried on thorough analysis. Finally, selecting 200 listed companies of Shanghai Stock Exchange as research samples.5 years of relevant data from 2009-2013 as the observed value and with the aid of statistical analysis of SPSS19.0, it has descriptive statistics analysis, correlation analysis, multiple regression analysis and col-linearity diagnosis. Through the empirical analysis, it is conclude that companies’ value will have a big promote if the listed company fulfills the social responsibility actively.It is an important role to do this. It is put forward some concrete countermeasures and suggestions to perform the social responsibility.