A Study On Corporate Social Responsibility Contribution Degree Based On Financial Evaluation

With the scientific outlook on development and people-oriented social values win support among the people, the concept of social responsibility of enterprises got close attention from the theoretical circle and practice circle extensively. Especially since SA8000social responsibility authentication standard initiated and developed by the responsibility of the international community was introduced into China, Chinese enterprises have gradually recognized and understood the necessity for putting corporate social responsibility into action. However, China’s corporate social responsibility research is still at the initial stage, especially in the quantitative research. How to establish the evaluation system of corporate social responsibility has not yet reach to a consensus. According to the situation of our country, building an appraisal mechanism of Chinese enterprise society responsibility to regulate and supervise the corporate social responsibility contribution becomes the problem that going to be solved urgently.Based on the stakeholder theory as the theoretical foundation, this paper define and elucidate the specific content of corporate social responsibility through the recognition of enterprise stakeholders demand, concluding seven dimensions:the corporate social contribution to shareholders, the corporate social contribution to creditors, the corporate social contribution to the staff, the corporate social contribution to consumer, the corporate social contribution to supplier, the corporate social contribution to the government as well as to the public welfare and environment. Combining with the traditional financial analysis methods, this article choose financial indicators from the above seven dimensions, and get the effective information of social responsibility through mining enterprise financial report and social responsibility report to build up a set of financial evaluation index system of corporate social responsibility contribution. Taking the listed company of manufacturing industry as an example, the article operate and verify the index system of cooperate social responsibility contribution. Applying the method of principal component analysis, we had the samples of listed companies corporate social responsibility contribution scored and ranked, thereby to make assessment to the social responsibility contribution of manufacturing industry in our country in nearly three years.Through empirical research, we found that Chinese manufacturing enterprises social responsibility contribution is in the unbalanced situation, the protection degree among enterprises various stakeholders exist difference. In addition, the corporate social responsibility information disclosure is not perfect that bring difficulty to the social responsibility evaluation research. China should improve corporate social responsibility information disclosure system gradually, and strengthen the corporate social responsibility and disclosure regulation.