The Research On The Relationship Between Corporate Governance, Social Responsibility And Finantial Performance

In the pace of China’s economic development has moved forward, academic and social responsibility has become more and more important topic in academic and theoretical. The enterprises when they seek their own interests should consider whether other stakeholders’ reasonable comprehensive rights are maintained and protected. Enterprises should consciously take up social responsibility when they are in the creation of their own economic interests. However, the behavior of corporate social responsibility whether related to accounting profits? Is it brings positive or negative impact? It is related to the consciousness and motivation to fulfill social responsibility. As the world economy is rapidly development, social responsibility has become an increasingly important topic, As the world economy is strong advance social responsibility has become an increasingly important topic, enterprises actively fulfill their social responsibility not only to establish a good image in the community and enhance the social status, but also would enhance competitiveness in the fierce international competition.Good corporate governance is an important topic of academic research, good corporate governance structure can avoid the risk of defects in the structure of corporate governance, and thus enhance the financial performance of listed companies, a reasonable corporate governance structure need to consider major shareholders while also consider about other minority shareholders. Taking social responsibility might influence financial performance, optimizing corporate governance structure may have an impact on the relationship between them, this article is from this perspective researching them.From the manufacturing industry in Shanghai and Shenzhen listed company, using 2011 to 2014 years’ data for the study, excluding the portion of the data storage company and ST,* ST, PT company, after this, there is 3741 data’s remaining. in this premise, researching the relationship among the above in empirical analysis and research. Based on stakeholder theory, this paper is to measure the point of social responsibility including corporate shareholders, employees, creditors, business, government and so on. For the study of corporate governance, this paper researches the board from three aspects, ownership concentration, the board of supervisors and executives. The study found, social responsibility and financial performance exists positive relationship, corporate governance and financial performance have significant relationship, and corporate governance can’t regulate the relationship between social responsibility and financial performance.