Research On The Correlation Between Corporate Social Responsibility And Growth

In the late19th and early20th century, the huge expansion of western corporate brought in a series of serious problems, which caused great dissatisfaction of people, leading to the outbreak of corporate social responsibility movement. This caused the western scholars pay much attention to the research on corporate social responsibility, their social responsibility theory research is relatively perfect. Corporate social responsibility research began in the20th in China, Early research on corporate social responsibility focused on introducing the theory of corporate social responsibility abroad. Our scholars’research on corporate social responsibility has gradually deepened and integrated elements with Chinese characteristics such as harmonious society and sustainable development in the study. Recently, scholars from home and abroad make more and more study on corporate social responsibility, the social responsibility theory has become a hot spot across multiple disciplines.In recent years, food safety, drug safety, production safety, and employee rights protection problems occurred successively,which has brought many unstable factors to society. the main reason for most of these problems is enterprises do not fulfill its social responsibility. As China’s economic development and enhancement of human ideas, awareness of people’s rights enhanced, people have more willing to require enterprises to take corporate social responsibility. Therefore, research on the effect that corporate social responsibility making to enterprises has practical significance.Since the Reform and Opening, private enterprise grow rapidly, whose size is expanding rapidly in China, making more and more contribution to the national economy. However, private enterprises have been social criticized because of the lack of social responsibility for a long time. Private enterprise as a profit organization, but it pays too much attention to their own interests to weigh the well balance between social responsibility and profit. Private enterprise always think that taking on corporate social responsibility can only lead to a waste of resources, and try its best to evade social responsibility. Because of this kind of "short-sighted" behavior that China’s private enterprises’ growth is very low and their average life expectancy is very short.Many factors that affect the enterprise growth, Divided into internal factors and external factors. With the development of economy, the effect of external factors to the enterprise’growth is becoming more and more important. Social capital, in particular, has increasingly significance to enterprise growth, fulfilling social responsibility is an important approach for enterprises to gain corporate social capital. A lot of corporate regard social responsibility as an investment and one of the means of obtaining competitive advantage abroad. Do private enterprises need to take on social responsibility? Do private enterprises take social responsibility have impact on its growth? Understanding these issues has important significance for the development of private enterprises and society. Based on this thinking, this paper is to study the effect of private enterprise fulfill social responsibility to its growth.This paper adopt the way of combining normative research and empirical research, empirical testing the correlation between corporate social responsibility of stakeholder and growth from the whole sample and annual data. Research conclusion shows that the corporate bear the social responsibility of the stakeholders, not only can promote the improvement of the current enterprise growth, also can promote the lag period growth enhancement. On this basis, proposes countermeasures and suggestions to the corporate how to implement the social responsibility.There are six chapters in this article, chapters’content is as follows:The first chapter is introduction, first, introduced the research background and research significance of this paper; Second, review related literature in China and abroad; Again, introduce the research ideas, research methods, research content in this paper; In the end, introduce the research innovation and deficiency in this paper.The second chapter is the theory foundation and interaction mechanism of social responsibility and growth. First introduction theory foundation of corporate social responsibility and growth, and then introduces the mechanism corporate social responsibility and enterprise growth.The third chapter is private enterprise development and the current situation of private enterprise social responsibility fulfillment. Analyze the development of private enterprises in China and the current situation of private enterprise social responsibility performance.The fourth chapter is the research design of correlation between social responsibility and growth for the private enterprise. Introduces the selection of social responsibility and growth index, model building, and sample data source.The fifth chapter is empirical analysis of the correlation between private enterprise social responsibility and its growth. Empirical test the correlation between corporate social responsibility and growth. Verifying the research hypothesis individually, and analyzing the empirical results.The sixth Chapter is the research conclusions and policy recommendations. Integrated in full, and summarized the research conclusion in this paper, put forward the practice of social responsibility policy suggestions and some research prospects.