An Empirical Examination Of The Correlation Between Corporate-social-responsibility And Eva Based On Northeast China Listed Companies

Whether the corporation should bear their social responsibility caused a lotdebates in the early1930s in foreign countries. And the enthusiasm is still unabateduntil now. Especially in recent years when international events happened frequently,makes the social public pay attention to the enterprise to bear the social responsibility.In this paper we choose the northeast China areas’ listed companies during year2007and2010as the sample data,and get stakeholder theory for the basic research ofenterprise social responsibility,to find out the relationship between the enterpriseperformance and social responsibility. In this paper we use the "Caroll Structure" andthe scoring system ShenHongTao (2005) designed to measure the social responsibility,and according to the characteristics of the data we made some adjustment. Whenmeasuring Social responsibility we choose stakeholders as the following:theshareholder, creditor, employees, customers, suppliers, government, and for everytype of stakeholders we select certain performance indexes to measure. The enterpriseperformance proxy variable for EVA (EVA),a new performance evaluation index.EVA of This article comes from ZhongNeng Co,LTD, its calculation basis is order22by the state-owned assets supervision on December28,2009,“central enterprisecontroller business performance”. The computation method of industrial and themethods that can be made some adjustments.This article hopes to solve the problems,1.whether the current socialresponsibility of the enterprise have a positive impact on current enterpriseperformance.2. whether corporate social responsibility of the enterprise performancehave the effect of hysteresis, namely lag issue, of social responsibility of currententerprise whether have a positive impact on performance.3. Enterprise societyresponsibility points dimensions (to shareholders and creditors, employees, customers,suppliers, government) data to the enterprise is to have a positive impact on performance. And puts forward three corresponding hypothesis.Full text is divided into six parts, the first part of the introduction, express thebackground, significance, the research contents and topic selection method andproblems to solve. The second part is the literature review, mainly introduces socialresponsibility and the enterprise performance of this field of previous research results,and points are related, the negative related or not related to literature views began acomb, and finally be briefly discussed. The third part is the theory analysis andresearch hypotheses, this paper introduced the theory basis: the stakeholder theory,and puts forward three assumptions. The fourth part is the research design, this paperintroduces the selection of samples and data sources, illustrated the design of thevariable, and according to the third part of the assumption that set the two researchmodel, at last, the paper introduces the statistical methods and tools. The fifth part forthe empirical results and analysis of the sample data descriptive statistical analysis,and the correlation analysis and inspection of linear; in the end, the empirical resultsare analyzed, and the proposed model robustness inspection. The first six divided intoconclusion, according to the fifth part of the empirical results and the third parts ofthe hypothesis that the conclusion of this paper, put forward the corresponding policyrecommendations and research limitations.After then empirical test data, this paper get the following conclusions.1.Thebusiness is current social responsibility and the current enterprise performancesignificantly positive correlation, namely to corporate social responsibility to theincrease of current enterprise performance.2. The social responsibility of theenterprise to the influence of the enterprise performance with lag, the specificperformance, corporate social responsibility a lag time and enterprise performance,and has positive correlation.3get part of the validation.3. The enterprise toshareholders and creditors, suppliers and the government’s social responsibility andthe enterprise performance significantly positive correlation; The employee’s socialresponsibility and the enterprise performance a significant negative correlation; Tothe client of the social responsibility also negative correlation with enterpriseperformance, but not significant in statistical. That is to say, the enterprise is to payattention to Stockholders, creditors, suppliers and the government’s social responsibility, and employees and customers to the social responsibility of the poor isconcerned.