A Research On Relationships Among Corporate Social Responsibility、Earnings Management And Financial Performance

Corporate social responsibility has been widely discussed in the academia since it was brought up. In recent years, the influence of corporate social responsibility reports is also expanding in our country. As the system of economy continuously developing, the market participation level has been greatly improved. Corporate social responsibility has drawn more and more stakeholder’s attention. The corporate has to take the social responsibility to build a positive image and improve the relationships among the stakeholders. However, how is the intrinsic function of the relationships among the stakeholders which improved by taking social responsibility? And could the improvement of these relationships raise corporate’s economic benefits? These questions could be answered through the empirical analysis.Earnings management is a common method of a company to manipulate the financial earnings, and this term always be pejorative. Generally, this method cannot improve the financial reporting, but will damage the financial performance of the corporate. Earnings management’s intention is interfering the financial reporting process to mislead the stakeholders and achieve the manager’s self-serving goals. And how can this method damage the financial performance? We need further research to answer this question.We consolidated and analyzed the archival data of A-share listed companies between 2010 and 2014, and used the methods, such as the literature analysis, data analysis and robust test, then we validated the hypotheses in this research through these methods. And the data analysis based on the descriptive statistics analysis, correlation analysis and regression analysis, etc. And this study shows that: 1. The extend of corporate social responsibility is positively associated with the extend of financial performance; 2. The extend of the last period corporate social responsibility is positively associated with the extend of financial performance; 3. Earnings management will negatively moderate the relationship between corporate social responsibility and corporate financial performance.Finally, based on the empirical analysis, this study provide feasible recommendations which could be the reference for the listed companies’ managers and theoretical basis for the government decision-making. We also summarized the insufficiencies of this study for the further research.