Research on the Impact of Corporate Social Responsibility Reputation on Financial Performance—Based on Listed Company Data

Abstract

With the improvement of living conditions, more and more people have begun to pay attention to environmental safety and social responsibility issues. The market's growing resistance to irresponsible companies may be that these companies are not aware of the seriousness of the consequences of their consequences on corporate finances. Facing the increasingly harsh product safety environment in recent years, people are increasingly focusing on the pursuit of quality products. With the development of the global corporate social responsibility movement, the relationship between corporate social responsibility and financial performance has gradually attracted people's attention. A comprehensive study of domestic and foreign scholars found that most scholars' studies have demonstrated that the relationship between corporate social responsibility and financial performance is positively correlated, followed by irrelevant and uncertain relationships, and negatively related to only a small portion. It can be seen that the fulfillment of corporate social responsibility is generally necessary for the enterprise. In the domestic and foreign literature review, financial performance also takes its related corporate value and other related indicators as part of its performance. Research and development space is huge. This article is a study of corporate social responsibility research on how corporate financial performance affects corporate social responsibility. It aims to provide a clear analysis and explanation of the relationship between corporate social responsibility and financial performance through accurate theoretical introduction and empirical analysis by exploring the relationship between the two.

The Impact of Social Responsibility Costs on Financial Performance of Jordanian Banks

“…‫ﻋﻠﻰ‬ ‫اﻟشر�ﺎت‬ ‫ﻤن‬ ‫اﻟكثیر‬ ‫ﻓﺈن‬ ‫اﻟشر�ﺎت،‬ ‫أداء‬ ‫ﻋﻠﻰ‬ ‫اﻻﺠتمﺎع�ﺔ‬ ‫اﻫتمﺎﻤﻬﺎ‬ ‫ﻤن‬ ‫ادت‬ ‫ز‬ ‫ة،‬ ‫�بیر‬ ‫أم‬ ‫ة‬ ‫ﺼﻐیر‬ ‫أﻛﺎﻨت‬ ً ‫اء‬ ‫ﺴو‬ ‫اﻟﻌﺎﻟم،‬ ‫ﻤستوى‬ ‫اﻻﺠتمﺎع�ﺔ‬ ‫اﻟمسؤوﻟ�ﺔ‬ ‫أﺼ�حت‬ ‫ﺤیث‬ ‫اﻻﺠتمﺎع�ﺔ،‬ ‫�ﺎﻟمسؤوﻟ�ﺔ‬ ‫وﻟ‬ ‫ة‬ ‫ﻀرور‬ ‫اﺴتثنﺎء‬ ‫ﺒﻼ‬ ‫اﻟشر�ﺎت‬ ‫ﻟجم�ﻊ‬ ً ‫ا‬ ‫ﺨ�ﺎر‬ ‫�س‬ (Grant, 2008) . (Carroll,1999;Simpson and Kohers, 2002;Orlitzky et al, 2003;Roman et al, 2006;Supriti and Damoder, 2010;Yigit and Mukhtar, 2017;Mingming, Xiaodan and Jerry, 2017;Shafat and Nasir, 2018;Obafemi, Oluwabunmi and Collins, 2018;Pang and Yuan, 2019;Gregor et al, 2019) ‫وﺠود‬ ‫إﻟﻰ‬ ‫أﺸﺎر‬ ‫اﻵﺨر‬ ‫اﻟ�ﻌض‬ ‫و‬ ، ‫اﻟمﺎﻟﻲ‬ ‫أداﺌﻬﺎ‬ ‫و‬ ‫ﻟﻠشر�ﺔ‬ ‫اﻻﺠتمﺎع�ﺔ‬ ‫اﻟمسؤوﻟ�ﺔ‬ ‫ﺒین‬ ‫ﺴﻠب�ﺔ‬ ‫ﻋﻼﻗﺔ‬ (Heli, Jaepil and Jiatao, 2008;Georgeta and Florinita, 2013;Hirigoyen and Poulain, 2015;Tianjiao and Xiang, 2019) ‫اﻟمسؤوﻟ�ﺔ‬ ‫ﺒین‬ ‫ﻋﻼﻗﺔ‬ ‫وﺠود‬ ‫ﻋدم‬ ‫آﺨرون‬ ‫ﯿرى‬ ‫ﺒینمﺎ‬ ، ‫اﻟمﺎﻟﻲ‬ ‫أداﺌﻬﺎ‬ ‫و‬ ‫ﻟﻠشر�ﺔ‬ ‫اﻻﺠتمﺎع�ﺔ‬ (Mc Williams and Siegel, 2001;Meher and Farah, 2007;Linthicum, Reitenga and Sanchez, 2010;Kwang-Ho et al, 2018;Tanveer et al, 2018) .…”

Socially Responsible Businesses and Innovation Activity in Mexico: Do New Models Reduce CO2 Emissions?

“…These variables have been adopted because social responsibility is more substantially linked to economic and business motives than altruistic or moral motives, as certain studies have demonstrated (e.g., Fernández-Gago and Martínez-Campillo, 2008;Crespo-Razeg, 2010). For example, Wang (2011) has observed the implementation of social responsibility improving corporate image, positively impacting stock returns for Taiwanese enterprises, and the findings of Pang and Yuan (2019) positively correlate social responsibility and financial performance. Also, it is needed and relevant the research on the relationship of corporate social responsibility and economic performance at regional level (Chen, Zhang and Hao, 2019).…”