Research On The Correlation Between Social Responsibility Fulfillment And Financial Risks Of Electric Power Enterprises

Since 2006,the Shenzhen Stock Exchange developed and published the "Guidelines on Corporate Social Responsibility",The Chinese government has issued a series of rules and regulations,requiring enterprises to consciously fulfill and consciously disclose the implementation of social responsibility.The introduction of this series of articles embodies the attention of the government on corporate social responsibility.One of the reasons why the government attaches great importance to the fulfillment of social responsibility is that the enterprise is one of the members of the community.It should also contribute to the enterprise while enjoying the benefits.The second reason is that corporate social responsibility is actually a multi-reciprocal behavior,enterprises to actively fulfill the responsibility of stakeholders will improve the business environment,reduce the risks faced by enterprises,is conducive to the long-term development of enterprises.Based on this,this article from the perspective of social responsibility to explore the power companies' financial risk.This paper focuses on the implementation of the corporate social responsibility of power companies and financial risk-related research.First of all,through the study of related subjects and literatures,based on the full understanding and research of stakeholder theory,from seven aspects to evaluate the electric power enterprise's social responsibility fulfillment situation.Then establishes the financial risk evaluation model of electric power enterprises according to the characteristics of these enterprises.Finally,after studying the theory of relationship between social responsibility and financial risk,on the basis of the hypothesis,Through the analysis of selected sample data,and draw the conclusion:(1)Corporate social responsibility and financial risk are relevant;(2)Corporate social responsibility is negatively related to the financial risk of enterprises,that is,the fulfillment of social responsibility can effectively reduce the financial risk of enterprises.The research of this paper enriches the research on the field of corporate social responsibility and financial risk,which can lead the enterprises to better fulfill the corresponding social responsibilities.Since this paper is limited to the study of electric power enterprises,the model of the construction and determine the weight only for the power companies,other types of enterprises related analysis remains to be further research in the future.