Research On The Impact Of Business Environment On The Corporate Social Responsibility Performance Of Private Listed Companies

At present,the Chinese economy has entered a stage of high-quality development.As an vital subject to increase fiscal revenue,promote technological innovation and achieve high-quality development,private enterprises need to more consciously follow the new development concept,transform and upgrade,innovate and develop,and fully implement social responsibility."Business environment is productivity".However,some regions do not pay enough attention to the business environment,the policies to optimize the business environment are difficult to implement,and companies are weak to obtain.The phenomenon of "rolling door","glass door" and "revolving door" faced by private enterprises still exists,which seriously affects the high level quality development and enthusiasm for fulfilling responsibilities of private enterprises..In this context,this article studies the relationship between the business environment and corporate social responsibility performance,and explores how to optimize the business environment and enhance the sense of acquisition of private enterprises,in order to encourage private enterprises to actively perform their responsibilities and achieve high-quality development.Based on the above starting point,this article takes the business environment conditions of different regions where our private listed companies are located as the starting point,and on the basis of summarizing and sorting out the previous research,divides the business environment into government environment,legal environment,innovation environment,and finance The four dimensions of the service environment,based on the analysis of stakeholder theory,resource dependence theory and sustainable development theory,and put forward research hypotheses,select the basic data in the "Marketization Index Report of China's Provinces"(2018)and the companies announced by Hexun's Social Responsibility Report scores separately measure the business environment and social responsibility performance of private listed companies,and empirically analyze the effect of the business environment and its various dimensions on the performance of our privately-owned listed companies.Finally,draw conclusions based on empirical results and summarize specific policy recommendations.As can be seen from the research in this article,firstly,among the various dimensions of the business environment,the government environment,the rule of law environment,the innovation environment,and the financial service environment have a significant positive effect on the corporate social responsibility performance of private listed companies.And the coefficients of the government affairs environment and the financial service environment are larger,and the positive effect is stronger.Secondly,compared with private enterprises in non-manufacturing and inland areas,manufacturing industries and private enterprises in coastal areas are just vulnerable to the business environment.The results of this study show that paying attention to the impact of the business environment on the performance of CSR of private enterprises,and improving the manufacturing industry,the business environment of private listed companies in coastal areas,the political environment in the inland areas,and the legal environment can help the effective implementation of corporate social responsibility decisions,effective improvement of responsibility performance and the high-quality development of the socio-economic level.The following conclusions are made from the above conclusions: For the central and local governments,the first is to further promote the process of “decentralization management” reform,reduce government intervention in specific corporate decision-making,enhance the confidence of private enterprises,and strengthen corporate social responsibility.The second is to strengthen the social responsibility legislation of private enterprises,improve the responsibility legislation system,and promote private enterprises to assume social responsibilities.The third is to optimize the innovation environment,strengthen the exchange of innovative activities and the transformation of achievements.The fourth is to optimize the financial environment and reduce banks and private enterprises information asymmetry,further reduce financing costs,and improve the ability of private enterprises to fulfill their social responsibilities.