Listed Companies To Fulfill CSR On Corporate Value

In the early20thcentury, scholars through the attention and study of socio-economicdevelopment of enterprises and social relations, enterprises should fulfill itsresponsibility to society point of view. With Shelton social responsibility is proposed,western counties on the social responsibility of the research is ongoing and in-depth.China’s opening up the process of promoting academic exchanges, the1980s, Chineseresearch on corporate social responsibility is also carried out quickly in the process ofrapid economic development. Although scholars have made great progress in corporatesocial responsibility research, for enterprises to fulfill their social responsibility ofenterprise value analysis is still not mature, and still require extensive research anddiscussion. It is based on this situation, corporate social responsibility to fulfill theenterprise value as the main content of the study. Hope to learn about corporate socialresponsibility through theoretical studies and empirical test of the performance of theenterprise value.First of all, by reviewing the literature on foreign and domestic, the concept ofsocial responsibility has been defined. At the same time, the concept of enterprise valuehas been defined. With the status quo, the development of social responsibility andstakeholder theory to determine the angle of stakeholders as a whole dissertation researchstarting point. With the stakeholders’ angle, specific CSR performance aspects of theshareholders, creditors, suppliers and consumers, employees and government has beendetermined to measure corporate social responsibility as well as the impact on corporatevalue.Then, according to the research and the impact of the theory at home and abroadbefore described to measure corporate social responsibility indicators selected. Also, theindicators to assess the enterprise’s value have been confirmed. According to thetheoretical analysis of the social responsibility of enterprise value and combined with theexperience of previous scholars on the basis of hypotheses, and build a test model ofcorporate social responsibility on the enterprise value. According to the screening criteria,select the Shanghai Stock Exchange and Shenzhen Stock Exchange listed455companiesas our sample. Simple regression using the SPSS statistical analysis software samples, co linearity diagnostics, the basic method of multiple linear regression tested therelationship between corporate social responsibility and corporate value.Finally, on the basis of the empirical results for further analysis, specific analysis ofdifferent stakeholder groups to fulfill the social responsibility of the impact on corporatevalue. Then, the recommendations for business management have been gave.