Impact Of Social Responsibility Of Environmental Protection Listed Companies On Their Enterprise Value

At present,most domestic enterprises tend to take a negative attitude towards the fulfillment of their social responsibilities.It is generally believed that the fulfillment of corporate social responsibilities will bring additional costs and have a negative impact on corporate value.Corporate managers focus on expanding market share and improving profit margin while ignoring the fulfillment of social responsibility,which leads to the problem of insufficient fulfillment of corporate social responsibility in China.However,does corporate social responsibility really have a negative impact on its own value?To solve this problem,this paper sorted out the relevant research status,selected the relevant data of 44 listed environmental protection companies in Shanghai and Shenzhen from 2015 to 2019 as samples,and referred to the research results and methods of other researchers at home and abroad in the field of social responsibility and corporate competitiveness of listed environmental protection companies.This paper discusses the influence of environmental protection enterprises’ social responsibility on enterprise value and its mechanism.The following conclusions are drawn:(1)For environmental listed companies,actively undertaking social responsibility is helpful for improving their corporate value.(2)Compared to the nonstate-owned holding enterprises,the state-owned holding enterprises can benefit more from undertaking social responsibilities.