Research On The Influence Of Corporate Social Responsibility On The Risk Taking

Corporate social responsibility is not only performed better focus on their own economic enterprises, more emphasis on balance and coordination with stakeholders, will strengthen the focus on social, environmental, and to solve social and environmental problems passionate.Enterprises can obtain stakeholders' trust and support to fulfill their corporate social responsibility, and optimize the living environment, thus enhancing the ability to cope with uncertainty and risk.However, in the practice of corporate social responsibility,despite the findings show that experts, scholars, entrepreneurs and public awareness on the agreement that companies must bear certain social responsibilities, but corporate social responsibility is still a lot missing.Corporate social responsibility of the reasons for frequent negative events, first of all because of corporate risk management awareness is still relatively weak,followed by the lack of understanding of the relationship between corporate social responsibility and risk taking ability. Under this background, this paper studies the influence of corporate social responsibility on the risk taking ability,which is used to explore the possibility and rationality of the enterprise's investment resources to improve the ability of risk taking.On the basis of reviewing the previous studies, this paper expounds the theory of corporate social responsibility, stakeholder theory, transaction cost theory and social capital theory. Then the paper defines the corporate social responsibility and risk taking ability, and analyzes the impact of corporate social responsibility on the risk taking ability from from the seven perspectives of shareholders, creditors, employees, customers, government, public and corporate social responsibility. Further, the paper selects the CSI 300 Index component companies 2012- 2014 sample data, and studies the impact of corporate performance of social responsibility on risk taking ability in an empirical way.The research results show that the responsibility of shareholders, creditors,government, customer and employee are positively related to the risk takingability. In particular, the greatest impact on the risk taking ability is the responsibility of the shareholders, creditors and customers; Secondly, the empirical results show that there is a significant correlation between corporate social responsibility and the ability of risk taking.Finally, based on the conclusions of the previous research, this paper gives four suggestions on improving the ability of risk taking from the perspective of corporate social responsibility:(1) to raise the awareness of corporate social responsibility;(2) the integration of corporate social responsibility into risk management;(3) to improve risk taking ability with the help of stakeholders;(4)to improve the system of corporate social responsibility auditing in china.