A Study On The Influence Factors Of Corporate Social Responsibility Performance Of Foreign-invested Firms In China

Foreign-invested firms have not only brought capital and technology into China,but also have introduced advanced thinking and ideal into China.Recently,however,some of the foreign-invested firms' social irresponsibility in China has been reported to the public.Chinese government must standardize the social responsible behavior of foreign invested firms under the law,and safeguarding the interests of China.As the Go Global Strategy and The Belt and Road Initiative are leading more and more Chinese Corporations into global competition.Chinese Corporations are now facing different risks and challenges at home and abroad and they will have better competitive advantages in global competitions by learning the experiences of foreign-invested firms in China.Therefore,the study of the influential factors of multinational corporations' social responsibility performance has become more and more important.This paper compares,analyses and studies the current conditions of foreign-invested firms' social responsibility performances,and deeply explores the influential factors of them.Used Foreign-invested Firms Top 100 seven years in a row from 2011 to 2017 in Research Report on Corporate Social Responsibility of China as the objects of study,and analyses the influential factors through empirical research.The research results show that: Firms with bigger scales have better social responsibility performance than small and medium firms.Firms with higher profitability have better social responsibility performances than others.Financial risks have negative effects on corporate social responsibilities.The less the risks are,the more willingness of creditors are to the investments on social responsibility activities.Otherwise,creditors won't support relative investments;Firms with mixed-business operations have better social responsibility performance.Certain industries that have important influences on society and environment,such as Petrochemical,Iron and Steel industry,Thermal power industry,have better social responsibility performance.Media can serve as a supervision and guidance function on corporate social responsibility.The more attention the media pays to the firm,the better social responsibility performance the firm will present,in order to improve and enhance its social image.According to the Research Results,this paper provides related suggestions as below: 1)Not only establishing and promoting a hierarchical structure of CSP system to encourage firms with different scale and profitability to join and improve their CSP,but also include CSP into the scope of legal practice to regulate firms' behaviors.2)Helping media serve as supervision and reminding tool for CSP.3)Chinese corporates should draw a lesson from Foreign-invested Firms corporate social irresponsibility when starting the Go Global Strategy.