Research On The Influence Of Government Regulation On Corporate Social Responsibility Performance

Economic Reform and open up.Since the reform and opening up,China's economy has developed rapidly,the market economy has gradually become active,and enterprises have occupied an increasingly important position in social development.At the same time of economic development,it also brings a series of problems such as imbalance,uncoordinated and unsustainable.In recent years,many corporate social responsibility problems such as environmental damage,waste of resources,“sweatshop” and food safety have occurred frequently.The lack of corporate social responsibility has seriously affected the development of enterprises,the development of the country,and even the development of society.In this context,the Chinese government has also paid more and more attention to the development of corporate social responsibility.In recent years,it has formulated a number of corporate social responsibility related policies to regulate corporate behavior and promote the development of corporate social responsibility.In reality,has the government regulation behavior had a substantial impact on the company's social responsibility practices? How can we better regulate enterprises and urge enterprises to fulfill their social responsibilities? This research is based on this realistic background.It is expected to explore the impact and mechanism of government regulation on corporate social responsibility,with a view to providing some inspiration and suggestions for the government to promote the development of corporate social responsibility.This research mainly carried out the following three aspects of research work:First,in order to clarify the specific behavior of government regulation,this paper conducts a textual study on corporate social responsibility related policies from 2011 to 2015 based on the most direct manifestation of government regulation,the corporate social responsibility policy.The content of the social responsibility policy,the main subjects of the policy,and the industries involved were analyzed.Secondly,this study combs the existing literature,analyzes the relationship between government regulation and corporate social responsibility performance,constructs the impact model of government regulation on corporate social responsibility performance,and proposes research hypotheses.Based on the corporate social responsibility policy,we draw on the mature research results of previous scholars and construct the measurement standards of government regulation intensity.92 pharmaceutical manufacturing enterprises listed on the A-share market of Shanghai and Shenzhen stock markets were selected as research objects.With reference to the existing literature,a corporate social responsibility performance evaluation index system was constructed to calculate the government regulation and corporate social responsibility performance variables,and for the current period,The impact models of the first phase of lag and the two phases of lag were tested and analyzed.Thirdly,this study fully refers to the research results of previous scholars,and divides government regulation into hard regulation and soft regulation.On the theoretical level,it analyzes the internal logic of the impact of the two on corporate social responsibility performance,and verifies it on the empirical level.The two have a substantial impact on the performance of corporate social responsibility,and have constructed the impact model of the current period,the first period of lag,and the two periods of lag.Through the research,we find that there are many problems in the content of corporate social responsibility policy in China,such as more directional themes,lower relevance and insufficient comprehensiveness;in the subjects of policy,the subjects of policy is single and the coordination degree is insufficient;the industry distribution is not balanced,and so on.There is a lag period in which government regulation has a substantial impact on corporate social responsibility performance.Government regulation only has a positive impact on the performance of corporate social responsibility with two periods.The hard law has a significant positive impact on the performance of corporate social responsibility in the first phase.The soft law has a significant positive impact on the performance of the two periods of corporate social responsibility.In the first phase of the lag,the hard law can promote the performance of corporate social responsibility more than the soft law.In the two periods of lag,the soft law can promote the corporate social responsibility performance.The main contributions of this research are as follows:(1)This paper innovatively constructs the measurement standards of government regulation,constructs the impact model of government regulation on corporate social responsibility performance from the perspective of empirical quantitative analysis,and analyzes the government regulation as external driving factor to corporate society.The impact of responsibility has further enriched the theoretical results of institutional theory and corporate social responsibility related research.(2)This paper further subdivides the government regulation and explores the impact of hard law and soft law on the performance of corporate social responsibility,and enriches the empirical research results in this field.It provides a theoretical reference for the government to formulate corporate social responsibility policies.