Research On Chinese Listed Company Corporate Social Responsibility And Corporate Value

Since Dalton developed the point of social responsibility of corporation on the'Philosophy Management'in 1924, theory and practice field have pay attention to the social responsibility of corporation. However, The point of corporate social responsibility been spread and recognized until the appearance of avail correlation theory. The abroad is advanced in the research of corporate of social responsibility. Our country were open to research corporate social responsibility after 1980.In the recent years, The universal imperfection of the Corporate Social Responsibility generates disadvantage impact on the social normal order and the shape. Emphasize economic development, efficiency but with sacrifice and neglect fair for price like"Fuji Kang". Go in for profit with the price of environment pollution like Admire medicine six plants. More and more scholar and corporation start to pay attention to the relationship of social responsibility and corporate value because of the variety events. So, It is necessary to do further research on the relationship between corporate social responsibility and corporate value.This text researched the relationship between corporate social responsibility and corporate value by combined theory and substantial evidence together.In the first part mainly introduce the different views of meaning of corporate social responsibility both in domestic and international, and this text give the definition of corporation social responsibility in the foundation of past research;This text also introduce and submit the research fare and related literature both in domestic and international. Next step is to describe the theory of relationship between corporate social responsibility .It is to lay theoretical basis for the further substantial evidence search.This text define the meaning of social responsibility in the second part. Corporate social responsibility can be plot to six parts: shareholder, debtee, employer, client, supplier and customer. Establishing finance index to test in the base of six parts. It is to build up the index system by joined corporate scale and character.Based on the former analyse to make reasonable hypothesie and verify. By filtration in the Shanghai stock exchange, We choose listed company as investigate swatch. Checking the relationship between corporate social responsibility and corporate value by describe sex statistical analysis, analytical reciprocity and simple regression analysis and diverse regression.In the fourth parts, We find the result of the research between corporate social responsibility and corporate value, corporate value and finance risk. The result will guide company to carry out policy advice. It is meaning for make progress.The result of this research are helpful to boost the consciousness of build up social responsibility and change the status of social responsibility. It is good for the company to keep the long and harmonious relationship with avail correlation.