Research On Internal Control Level, Effectiveness Of Social Responsibility And Financial Performance Of Listed Manufacturing Companies

China is the largest manufacturing country,and the manufacturing industry is also an important part of China’s national economy,but with the impact of the new crown epidemic in 2020,domestic manufacturing listed companies have experienced a series of problems such as weak demand and broken supply chains,and their performance has been impacted to a certain extent.Internal control level,as the core element of corporate governance,will have a certain impact on the financial performance of enterprises.Manufacturing industry has a certain industry particularity,not only to pay attention to the issue of profitability,but also to pay attention to social benefits,with the release of the "Carbon Peak Carbon Neutrality Work Opinions" in 2021,fulfilling social responsibility has become an indispensable part of China’s manufacturing listed companies,and even related to whether the enterprise can operate steadily.Therefore,it is of great practical significance to explore the relationship between internal control quality,Effectiveness of social responsibility and financial performance of manufacturing enterprises.This paper first sorts out the relevant literature on the relationship between the three at home and abroad,and clarifies the relevant concepts of internal control level,Effectiveness of social responsibility and financial performance;Secondly,combining stakeholder theory,principal-agent theory,information asymmetry theory and signal transmission theory,this paper proposes three research assumptions.Next,this paper selects the 2011-2020 Shanghai and Shenzhen A-share manufacturing listed companies as the research sample,uses excel and stata15.0 software for data collation,and establishes a fixed effect model for empirical testing.Three main conclusions were drawn:(1)For manufacturing enterprises,the quality of high-quality internal control is conducive to promoting the improvement of financial performance;(2)For manufacturing enterprises,The higher the level of internal control,the more beneficial to improve the effectiveness of corporate social responsibility;(3)In listed manufacturing companies,CSR effectiveness plays an intermediary role in the influence of internal control level on financial performance.Finally,this paper summarizes,and from the perspective of improving the quality of internal control and improving the level of corporate social responsibility,the corresponding policy suggestions are put forward,and it is committed to promoting the improvement of the financial performance of manufacturing enterprises.