Research On The Impact Of Corporate Social Responsibility And Inefficient Investment On Financial Performance

With the increasingly fierce competition in the market,the pressure of enterprises is increasing.Many enterprises are also taking measures to cope with the pressure of market competition in order to improve their performance.The main activity of modem enterprises is to invest.Correct investment is particularly important for the development of enterprises.It can reduce a large number of costs and bring more profits to enterprises,so as to improve performance and benefit the development of enterprises.But at present,there are still some problems in the investment of enterprises in our country.Over-investment or under-investment have been restricting the development of enterprises in our country.If the management of an enterprise invests blindly or favoritively,it will lead to the failure of the investment results and bring great losses to the company's finance,which is negative to the company's market position and the improvement of its competitiveness.Therefore,how to supervise and manage the inefficient investment of enterprises and how to promote the growth of financial performance of enterprises have become an important research issue in the current stage of enterprise development.How to fulfill social responsibility is an important issue in the development of enterprises.Actively fulfilling corporate social responsibility can effectively solve the problem of information asymmetry,increase the transparency of corporate information,and strengthen the investment confidence of external investors.It is also helpful to the interests of stakeholders,and can also reduce the operating costs of enterprises and improve the investment capacity of enterprises.The fulfillment of corporate social responsibility is the embodiment of corporate social benefits.Many research data show that whether an enterprise can fulfill its social responsibility well is related to corporate performance,and corporate social responsibility can weaken the degree of inefficient investment and reduce corporate performance.But it needs further study.The main stock data in this study are the research samples,which are validated.By studying the data of corporate social responsibility,corporate performance and inefficient investment at home and abroad,we find out the relationship among them and summarize them.Then we make inferential hypothesis about the relationship among the three by studying the theory of agency,information transmission and stakeholder.Then,we integrate relevant data,combine relevant theories and refer to the literature of predecessors,and establish a model among social responsibility,corporate performance and inefficient investment.Then we use multiple regression analysis method to simulate and judge,and finally draw relevant conclusions.It is concluded that the inefficient investment of enterprises is negatively related to the performance of enterprises,and the more inefficient investment,the more losses it will bring to the performance of enterprises;the better the performance of enterprises will be,and the more enterprises actively fulfill their social responsibility,the better the performance of enterprises will be.Moreover,the more enterprises actively fulfill their social responsibility,the better the inefficient investment will The impact on corporate performance.On the basis of the above conclusions,this paper also puts forward some substantive establishment to improve the performance growth of modem enterprises.