Research On The Influence Of Corporate Social Responsibility On Financial Performance From The Perspective Of Executive Political Background

Since 2016,China's "Guide to Social responsibility" has been officially implemented,which not only means that there is a "norm" in fulfilling social responsibility,but also indicates that Chinese society has changed from "corporate social responsibility" to "universal social responsibility".There is a kind of informal relation in the social relations.The relationship between the enterprise and the government is connected by the political background,which makes the enterprise obtain an intangible asset,get a more stable social resource environment,and have a great influence on the financial performance of the enterprise.This paper takes the listed companies listed on Shenzhen main Board as the research object,collects and collates the relevant data and data from 2009-2017,A total of 992 sample data,and applies the method of combining empirical research with normative research,which is based on the social responsibility rating score published by Runling Global.The influence of corporate social responsibility on financial performance is deeply interpreted from the perspective of executives' political background.In this paper,firstly,the domestic and foreign literature is combed,and the research hypotheses of this paper are put forward.Secondly,the related financial indicators and non-financial indicators are constructed.According to the relationship between variables,the sample data are analyzed by using SPSS24.0,and the research hypotheses are given.Finally,the conclusion of the empirical research is obtained.The results show that the social responsibility of state-owned enterprises can improve their own financial performance,the enterprises with political background of government officials have more significant influence on financial performance than those with political background of representative committee.Political background plays a regulating role in the influence of social responsibility on financial performance.Finally,some suggestions are put forward to the enterprises,governments and other stakeholders,the limitations of the paper are stated,and the research direction is prospected.3 figures,10 tables,70 references.