The Research On The Influence Of Corporate Social Responsibility On Financial Performance

Since the reform and opening up,China has been in a trend of rapid development.At present,China has entered the late stage of industrialization and is at the critical point where developing countries move forward to developed countries.Compared with some western countries,the awareness of domestic enterprises to fulfill social responsibility is relatively weak,and the evaluation mechanism of domestic social responsibility also needs to be improved.Some policies and regulations related to the elaboration of social responsibility have not played a real role.The most fundamental goal of enterprise operation development is the improvement of profitability,more comprehensive,in-depth performance is the improvement of financial performance.Therefore,in order for enterprises to actively fulfill their social responsibilities,it is necessary for them to have a positive impact on their financial performance.High standards of financial performance of enterprises can not only satisfy the relevant stakeholders of social responsibility,but also promote enterprises to build and improve the social responsibility evaluation system.Therefore,a study on the correlation between corporate social responsibility performance and financial performance can not only improve the level of corporate financial performance,but also promote the enthusiasm of enterprises to consciously fulfill their social responsibility.In this thesis,through the combination of case and empirical study,the author firstly analyzes the role of enterprises’ social responsibility and financial performance by empirical study,and then makes case analysis with baosteel as the specific research object.On the basis of literature review,this article system elaborated the relevant theories of corporate social responsibility and financial performance,and fulfill the social responsibility of the enterprise and the relationship between financial performance are analyzed in theory,establishes the related variables,on this basis,set up enterprises to fulfill social responsibility and financial performance data analysis model,puts forward the relevant hypothesis,and all the listed companies in Shanghai and shenzhen two city as the research object,to perform the social responsibility of the enterprise and make an empirical analysis of the relationship between financial performance.The analysis results show that there is a positive correlation between CSR performance and CFP,and based on the property right nature and industry distinction,it is concluded that CSR performance of state-owned enterprises has a more significant effect on corporate financial performance.The impact of heavy polluting enterprises fulfilling social responsibility on financial performance is higher than that of non-heavy polluting enterprises.According to the classification of the empirical part,the selection of baosteel as an example,based on the stakeholder theory is descriptive analysis on its social responsibility performance,and then select the corresponding measure,use of financial data for enterprises to fulfill social responsibility and financial performance is analyzed,the influence of shagang group and the different nature of property rights of private enterprises stake as comparison sample.The research shows that there is a positive correlation between the social responsibility and financial performance of baosteel,which can promote the development of baosteel.Then this paper puts forward some Suggestions on how to fulfill the social responsibility of baosteel.