Corporate Social Responsibility On The Financial Performance Studies

Modern economic development allows businesses and social impact on the economy deepened, which is also increasing expectations of business. Companies outside the economic value of a broader commitment to social responsibility become an irreversible trend. Corporate Social Responsibility Corporate Governance has become a hot research topic. Scholars on the concept of corporate social responsibility, corporate social responsibility and a series of why the theory of a lot of research issues, while the use of large amount of empirical data on how corporate social responsibility affect corporate social responsibility financial performance of the core issues a lot of argument.This paper first reviews the latest domestic and international corporate social responsibility research, clear in theory the concept of corporate social responsibility category. And introduced on the basis of this theory of corporate social responsibility and corporate financial performance relationship. Then the specific conditions in our country, re-define the dimensions of corporate social responsibility and corporate financial performance, combined with targets, establish corporate social responsibility and economic performance of enterprises empirical model.153 China's Shanghai Stock Exchange to listed companies 2003-2008 data sample, the model regression analysis to explore the corporate social responsibility and the relationship between corporate financial performance. In the panel model, the cross section through the continuous data from relatively long-term perspective to study the relationship between the two made the conclusion of the study more persuasive and general.Conclusions of this study are as follows:China's listed companies has started to pay social responsibility, but the dimension of corporate social responsibility disclosure is still far from perfect, very significant differences between enterprises; corporate social responsibility disclosure and have the tendency of enterprises to establish a political reputation; Most of the variable dimension of Corporate Social Responsibility's current financial performance of enterprises do not have significant effect, while long-term financial performance has a positive influence.The above analysis, improve corporate social responsibility from the legislature, establish a standard of corporate social responsibility information disclosure, breaking the traditional "profit-oriented" financial performance evaluation system, establish a long-term time-flexible performance evaluation system.