Correlation Between Corporate Values ​​and Corporate Sustainable Development Performance

With the development of population, resources and environmental issues havebecome increasingly prominent, the sustainable development problem has become thefocus of global concern.The corporate sustainable development as an importantcontent of sustainable development has been paid more attention in academic circles.From the existing literature, the research of corporate sustainable development mostlybased on the perspective of the enterprise profit maximization of the traditionalenterprise theory. While the corporate value as the philosophical thinking of enterprise,is the belief and action principle of enterprise activity and become the systemfoundation of the enterprise decision behavior correctness, impartiality andrationality.To explore corporate sustainable development from the perspective ofenterprise value, is a relatively new research perspective and the relative research isstill not enough.According to the previous theoretical studies and exploratory factor analysis, wefound there three dimensions embody these values: social values, moral values andbusiness concept. Take the2011Chinese Academy of Social Sciences announcedChina corporate social responsibility development index of the top100companies asthe original sample, I collect their corporate values data which combining theperformance data for sustainable development and empirical analysis with SPSS16.0.We found, while corporate values was positively related to performance of corporatesustainable development, the social values dimension effect is not apparent, and thebusiness concept dimensions and the moral values dimension have significant positivecorrelation. This indicates that enterprises representations of social concept is asymbol of culture without real influence on the strategic choice of enterprises, whilemoral and business concept is a strategic tool which will significantly affect thecorporate sustainable development performance. According to the result of the threedimensions of corporate sustainable development performance by empirical analysis,we found the corporate values affected economic performance the most significantlyand the social performance followed, while did not affected environmentalperformance significantly These conclusions are worthy of further research in thefuture. The paper finally puts forward several statements values and managementrecommendations for every desire for sustainable development of enterprises.