Analysis Of The Influence Of Corporate Social Responsibility On Enterprise Value

Based on the research results of A-share listed companies from 2009 to 2016,this paper uses stakeholder theory,social network theory,normative analysis method and empirical analysis method along the basis of reviewing relevant research results at home and abroad.The research route of "theoretical analysis-empirical analysis-countermeasures suggestion" analyzes the topic "Corporate Social Responsibility and Corporate Value-Based on the Mediating Effect of Corporate Social Capital".Corporate social responsibility contributes to the improvement of corporate value;the fulfillment of corporate social responsibility contributes to the accumulation of corporate social capital;corporate social capital plays a mediating role in the relationship between corporate social responsibility and corporate value.Corporate social responsibility is an important part of a company's long-term investment.With the improvement of the system of corporate social responsibility,the subject of corporate social responsibility is becoming more and more extensive,and the commitment of enterprises to social responsibility is increasingly active.The traditional "shareholder-first" enterprise theory has been subversively challenged,and more and more scholars have focused on the study of corporate social responsibility issues in modern enterprise theory research.First of all,it breaks through the limitations of previous studies on the impact of corporate social responsibility on financial performance,expands the research perspective of corporate social responsibility,and enriches the research content of non-economic consequences of corporate social responsibility.Secondly,the establishment of a comprehensive evaluation index system of corporate social responsibility and corporate social capital is conducive to more accurate quantification of the two,laying the foundation for subsequent research.Thirdly,based on China's basic national conditions,this paper studies the role of corporate social responsibility of listed companies in China's corporate value enhancement,and promotes the conscious fulfillment of social responsibilities of enterprises,transforming them from government pressure to internal demand,and consciously increase investment.Improving the core competitiveness of enterprises and the overall harmonious development of society has certain guiding significance.In addition,in order to encourage enterprises to consciously fulfill their social responsibilities,accumulate the social capital of the company,thus ensuring.The company has long-term competitiveness and enhances corporate value.This paper puts forward corresponding suggestions from the two perspectives of corporate social responsibility management and corporate social responsibility governance,including strategic management of corporate social responsibility,business management,improvement of internal corporate governance environment and external governance environment.