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Abstract
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Article Information:
The Empirical Study of Correlation between Food Industry’s Corporate Social Responsibility and Enterprise Value
Su Xiuxiu
Corresponding Author: Su Xiuxiu
Submitted: March 31, 2015
Accepted: April 22, 2015
Published: August 25, 2015 |
Abstract:
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Based on stakeholder theory, through an empirical analysis of the enterprises in food manufacturing industry which people are very concerned about, the study researched the correlation between food enterprises’ Corporate Social Responsibility (CSR) and enterprise value. The result of the study indicated that food enterprises fulfilling the responsibility to shareholder was significantly positively related to enterprise value and fulfilling the responsibility to the creditors, suppliers, consumers, government and society donation had a not significantly positive correlation with corporate value. But the responsibility to the staff has a not significant negative correlation with enterprise value, indicating that food companies should enhance the concern of efficiency for human input.
Key words: Corporate social responsibility, corporate value, food enterprises, , , ,
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Cite this Reference:
Su Xiuxiu, . The Empirical Study of Correlation between Food Industry’s Corporate Social Responsibility and Enterprise Value. Advance Journal of Food Science and Technology, (6): 466-470.
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ISSN (Online): 2042-4876
ISSN (Print): 2042-4868 |
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