Research On The Relevance Between Fiscal Support And Corporate Social Responsibility Of High-tech Enterprices

With the advancement of economic globalization,the rapid development of Chinese economy has also triggered many social problems.The melamine incident,the Foxconn employees jumping event,and the “8.12” Tianjin Binhai New Area explosion accident caused public concern for the implementation of corporate social responsibility,the Chinese government and related departments have also issued laws and policies to urge enterprises to fulfill their social responsibilities.The continuous occurrence of these events shows that the awareness of corporate social responsibility in China is relatively indifferent,and a large number of companies have lost their due sense of social responsibility.The high-tech industry is a key support for our country and has obtained more government subsidies and tax incentives compared to other industries,it plays an important role in Chinese economic development,technological progress,and transformation of economic development methods,and the fulfillment of its corporate social responsibility is crucial.Therefore,this paper uses government subsidies and tax incentives to measure the level of fiscal support to study the impact of high-tech industry finance and tax support on corporate social responsibility.This article takes the high-tech enterprises listed in Chinese Shanghai and Shenzhen stock markets from 2014 to 2016 as the research object,combines relevant literature and models,and constructs the corporate social responsibility evaluation index;Based on the theory of stakeholders,rational economic man hypothesis and principal-agent theory,the correlation between financial and tax support and corporate social responsibility of high-tech enterprises was studied.And starting from state-owned enterprises and non-state-owned enterprises,further study the correlation between fiscal and tax support and corporate social responsibility.The conclusion of the study is that the more government subsidies obtained by high-tech enterprises,the more social responsibility they perform;The more tax benefits obtained by high-tech enterprises,the more social responsibility they perform;The government subsidies obtained by high-tech enterprises have a greater impact on the performance of corporate social responsibility by state-owned enterprises than on non-state-owned enterprises fulfilling corporate social responsibilities;The tax incentives obtained by high-tech enterprises have a greater impact on non-state-owned enterprises in fulfilling their corporate social responsibilities than on the performance of state-owned enterprises in fulfilling corporate social responsibilities.This article uses the empirical test method to study the relationship between tax incentives and corporate social responsibility.It can provide more powerful empirical evidence for the research field and enrich the literature and achievements of the research field.This article can provide strong empirical evidence for the argument that the fiscal and taxation support policies of the government can stimulate high-tech enterprises to fulfill their social responsibilities,and provide theoretical guidance for the government to formulate and improve the fiscal and taxation legal system.This paper also conducts empirical research on high-tech enterprises with different property rights,and provides a basis for the government to formulate more targeted,more detailed and effective fiscal and tax support policies.