Research Article | OPEN ACCESS
Research on the Impact of CSR on Firm Performance: An Empirical Analysis Based on Food and Beverage Industry in China
1Song Jiang, 1, 2Qiang Fu and 1Xing Liu
1School of Economics and Business Administration, Chongqing University, Chongqing, 400030
2School of Statistics, Lanzhou University of Finance and Economics, Lanzhou, 730020, China
Advance Journal of Food Science and Technology 2016 7:548-551
Received: August 17, 2015 | Accepted: September 3, 2015 | Published: March 05, 2016
Abstract
Based on the stakeholder and reputation theory, we investigate the relationship between CSR and firm performance, using a sample of 56 listed companies from food and beverage industry in China (2009-2014). The results show that the good performance of corporate social responsibility can have a positive impact on financial performance and corporate value, so corporate social responsibility will increase corporate performance. For food enterprises, it is very important to assume the social responsibility of their own. Therefore, the government and the society need to strengthen the food industry enterprises to actively understand the social responsibility and guide them to assume social responsibility initiatively.
Keywords:
Corporate social responsibility, corporate value, firm financial performance, food and beverage industry,
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Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
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ISSN (Online): 2042-4876
ISSN (Print): 2042-4868 |
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