The Research Of The Relationship Between Corporate Social Responsibility And Corporate Growth

Corporates want to obtain healthy growth, in relation to fulfill social responsibility and Corporate growth is very important. Through the empirical research on the relationship of corporate social responsibility and firm growth, it will promote the enterprises to fulfill social responsibility at the same time to better promote the healthy growth. This article first elaborates the selected topic background, research significance, on the basis of the relevant research literature at home and abroad were reviewed and summarized; Second, clearly define the concept of corporate social responsibility and Corporate growth, summarizes the full text is based on stakeholder theory and enterprise growth theory, and analyzes the mechanism of the influence of corporate social responsibility on firm growth; Again, according to the above theoretical basis for empirical design, to the different stakeholders to choose corresponding social responsibility indicators as independent variable, the measure of firm growth index as the dependent variable, the corporate scale model as control variables, at the same time is also described the data in this paper; Finally, through the factor analysis method to extract the many indicators of firm growth factor, corporate growth index as the dependent variable, by descriptive statistics analysis, correlation analysis and regression analysis of the model for empirical analysis. Through the empirical analysis in this paper, the empirical conclusions, puts forward some Suggestions in view of the enterprise actual situation, and encountered in the process of research for this article elaborates the limitations and prospects, makes the empirical study of corporate social responsibility and corporate growth was further perfected.Based on the empirical research to the following conclusion: corporates perform for shareholders, creditors, suppliers, customers and the responsibility of the government has a promoting effect on enterprise current corporate growth. Carry out the duties of stakeholders have lag effect on the corporate growth. Based on social responsibility and the lag corporate growth index of empirical analysis, found that the earnings per share, dividend distribution rate, the multiple of interest safeguard and accounts payable turnover rate and tax contribution rate and lag corporate growth index were positively correlated relationship, corporates perform responsibility to shareholders, creditors, suppliers, government has lag effect on the corporate growth.Further verified the corporates to fulfill social responsibility is not only benefit to the current corporate growth, and has a lag promoting effect of corporates growth. Therefore, the corporate should be good to perform the responsibility of all stakeholders, to promote the long-term development of the corporate.