The Study Of Corporate Social Responsibility And Enterprise Risk Based On The Stakeholder

After the financial crisis in2008, in-depth understanding on "risk and related management" are formed among the management of enterprises. It is commonly realized that, once the risk accident occurs, global disaster will happen due to the "butterfly effect". However, in the practices of risk management, Chinese enterprises are still traditional and reserved, and their cognition of risk is still unilateral. On the contrary, the management thought and mode of western developed countries is advanced. They blend the idea of social responsibility into corporation’s daily operation, and thus establish a new management paradigm. In such context, this paper seeks to discuss the relationship of corporation social responsibility and its risk from the perspective of benefit related parties, and analyses the possibility and reasonability of the acting on corporation risk from its social responsibility, to provide theory basis for improving Chinese enterprises’ level of risk management.Based on previous consideration, this paper will firstly review related domestic and foreign literatures, and select the theory of property right, social compact, energy release and domino as the theoretical foundation. On this basis, the influence on enterprises’ risk from different conducts of social responsibility will be studied from three perspective of core, potential and marginal benefit relevance person. Then empirical research of multiple regression will be processed to further verify the prior theoretical analysis. Lastly, as to questions reflected in the research, this paper will put forward how to strength the construction of corporate social responsibility in China.Through former research, it can be concluded that the enterprise social responsibility to different objects does have disparate impact on enterprises risks. Especially, the empirical analysis indicates that the risk of corporate are mainly affected by the responsibility of shareholder, employee, consumer, supplier and creditor, while the influence of government responsibility, community responsibility, size of enterprise and listing time on corporate risk is non-significant.