The Impact Of Erie's Social Responsibility On Financial Performance

Our country is in the late industrialization,the dividing line between developing countries and developed countries,but in our country on the corporate social responsibility evaluation mechanism is not perfect,relevant laws and policies of the binding force is not strong,enterprises to fulfill social responsibility consciousness is weak.Enterprises pay more attention to the pursuit of economic interests in business operation process,how to maximize their own interests,improve financial performance is more concern for enterprises.Therefore,if the enterprise to fulfill the social responsibility to improve financial performance,the enterprise will be seriously,positive corporate social responsibility,at the same time of meet the needs of the various stakeholders,financial performance can also help and improve the social responsibility evaluation system in our country.So,to study the effect of corporate social responsibility on financial performance,not only can find ways to improve financial performance for the enterprise,also can promote the enthusiasm of enterprises to fulfill social responsibility.This article selects the Erie shares,according to the stakeholder theory,the Erie shares to fulfill the social responsibility of stakeholders defined as investors,countries,customers,suppliers,employees,weak and public interest groups,and the creditors.Choose the Erie shares for each stakeholder contribution index as the dependent variable,select assets return rate index as the independent variable.Through the descriptive statistics,correlation analysis and multiple regression analysis,it is concluded that the Erie shares of investors and consumers responsibility on financial performance significantly positive influence;Bear country,suppliers,weakness and the responsibility of the public interest groups influence on financial performance positive but not significant;Responsible for employees' negative influence on financial performance but not significant,the environment responsibility on financial performance significantly negative influence;According to the results of multiple regression analysis,through the dependent variable as the change of time to analyze the influence of the financial performance.It is concluded that the Erie shares to fulfill social responsibility has a positive effect on financial performance,promote the implementation of corporate social responsibility is conducive to the sustainable development of enterprises.