Shuanghui Develops The Impact Of Corporate Social Responsibility On Financial Performance

This year marks the 70 th anniversary of the founding of the People's Republic of China.It is also the key year for building a well-off society in an all-round way and achieving the goal of the first century's struggle.Vigorously promoting high-quality economic development and realizing the established blueprint for development is one of the impotent contents of this year's government work report.The high-quality development of China's economy urgently requires enterprises to achieve the same economic and social benefits,and coordinate the value of enterprises with the fulfillment of social responsibility.Food enterprises should clarify the relationship between pursuing maximum profit and fulfilling social responsibility,so as to promote earnings growth and fulfilling social benefits.Therefore,clarifying the impact of corporate social responsibility on financial performance may cause enterprises to attach importance to social responsibility and provide more ways for enterprises to improve financial performance.This paper reviews the literature at home and abroad.Through understanding the relevant theories of social responsibility and combining with the characteristics of the food industry,the stakeholders of SHUANGHUI were defined.Its stakeholders are defined as investors,country,employees,suppliers,consumers,social welfare and the environment.On this basis,the present situation of the implementation of social responsibility in SHUANGHUI is analyzed.This paper focuses on the following issues: the impact of social responsibility performance of SHUANGHUI on their financial performance.The contribution rate of SHUANGHUI to various stakeholders is chosen as the independent variable and the return rate of total assets as the dependent variable.Using descriptive statistics,correlation analysis and multiple regression analysis,it is concluded that the development of corporate social responsibility in SHUANGHUI has a positive impact on financial performance.Among them,social responsibility for consumers,suppliers and employees has a significant positive impact on financial performance;social responsibility for investors,the state and social welfare has a positive impact on financial performance,but not significant;social responsibility for the environment has a negative impact on financial performance,but not significant.The trend of social responsibility and financial performance of SHUANGHUI over time is made into a broken line chart,and the impact of its performance on financial performance of various stakeholders' social responsibility is analyzed.Suggestions on the implementation of social responsibility in order to improve financial performance are put forward.Finally,the conclusion is drawn,and the shortcomings of the research are expounded and the reasonable prospect is given.