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.

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The authors have no competing interests.