Interaction Of Financing Performance Of Listed Coal Enterprise Social Responsibility And Inter-temporal Impact Study

Coal industry is an important pillar of China's energy security and economic development.When making strategic objectives for an company,managers should pay attention not only to profit but also performance of corporate social responsibility.Following are the main content of this passage.Main content:(1)To search relevant information and organize theory of corporate social responsibility,earnings management and financial performance;(2)To describe the actual performance and defects of the listed coal enterprises;(3)Using the modified Jones model to eliminate earnings management total production profit before interest and tax rate as a measure of financial performance indicators;(4)Using social responsibility score and financial performance information of 38 domestic listed coal enterprises between 2011-2014,to carry out the analysis of panel data regression,using a variety of empirical analysis method to analysis method to analyze the interaction between the two.The conclusion of the empirical study:(1)The level of earnings management is not significantly related to the responsibility score;(2)Compared to the current social responsibility,the lag of social responsibility has a great impact on the financial performance of the current period.Compared to the current financial performance,the financial performance of the lag period has a greater impact on corporate social responsibility;(3)In the coal company social responsibility and financial performance of correlation study,only the size of the company and proportion of the first big shareholders hold shares are positively correlated.