Abstract
|
Article Information:
Correlation Analysis between Corporate Social Responsibility and Financial Performance of Chinese Food-processing Enterprises
Yu-jin Fu and Ju-qin Shen
Corresponding Author: Yu-jin Fu
Submitted: October 29, 2014
Accepted: December 27, 2014
Published: April 10, 2015 |
Abstract:
|
This study is to clarify the relationship between corporate social responsibility and the enterprise financial performance. On the basis of the stakeholder theory and social contract theory which explain the connotation of corporate social responsibility, this study uses the panel data from 63 listed Chinese food-processing companies to empirically test whether corporate social responsibility can significantly affect the financial performance. After putting forth the research hypothesis and quantifying the research index in the perspective that corporate social responsibility is the contract followed by various stakeholders, correlation analysis and multiple regression are commenced in the research process. The regression result shows that partly of the variables reflecting corporate social responsibility, such as the ratio of net cash flow from operating to liabilities and the ratio of business taxes and surcharges to main business income, are positively correlated with variables describing financial performance, while others, such as the ratio of social donation expenditure to main business income, are not.
Key words: Corporate social responsibility, financial performance, food-processing enterprises, multiple regression, , ,
|
Abstract
|
PDF
|
HTML |
|
Cite this Reference:
Yu-jin Fu and Ju-qin Shen, . Correlation Analysis between Corporate Social Responsibility and Financial Performance of Chinese Food-processing Enterprises. Advance Journal of Food Science and Technology, (11): 850-856.
|
|
|
|
|
ISSN (Online): 2042-4876
ISSN (Print): 2042-4868 |
|
Information |
|
|
|
Sales & Services |
|
|
|