An Empirical Study Of Corporate Social Responsibility Impact On The Financial Performance

With the development of the social economy, there have been many problems.Such as environment polluted, food unsafe, employee benefits are compromised.Corporate social responsibility began to receive attention. But companies areeconomic organizations, so it must make a profit. Whether corporate socialresponsibility will affect the financial performance. How to balance corporate socialresponsibility and financial performance. It is the focus of every company. Thisarticle describes the impact of corporate social responsibility on the financialperformance. It in order to find the relationship between social responsibility andfinancial performance. This can provide advice and reference for the attitude ofcorporate social responsibility.First, this article describes the social responsibility and financial performancein the theoretical department. Then it put social responsibility into three partsaccording to the "triple bottom line" theory. They are economic, environment andsociety. Then it analyzes the impact on the financial performance from the threeparts. Also, it presents three assumptions. Finally, this article has the followingconclusion: the corporate social responsibility will affect financial performance. Theimpact of social responsibility on financial performance is positive. The economicangle has the most significant impact, then the social angle of social responsibility,and finally the environmental angle.This article provides a basis for whether to concern about social responsibility.And this article helps companies to initiatively implement social responsibility. Alsoit enriches the existing research on social responsibility.