| Collection Title: | SIU IS | | Title : | Relationship between Corporate Social Responsibility Performance and Corporate Financial Performance-- Listed Companies in China's Power Industry | | Material Type: | printed text | | Authors: | Yazhou Wang, Author ; Montira Chunlim, Associated Name ; Chanchai Bunchapattanasakda, Associated Name | | Publisher: | Bangkok: Shinawatra University | | Publication Date: | 2020 | | Pagination: | vii, 43 p. | | Layout: | Tables, ill. | | Size: | 30 cm. | | Price: | 500.00 Baht. | | General note: | SIU IS: SOM-MBA-A-2020-22
Independent study [M. [MBA-Accounting]] -- Shinawatra University, 2020 | | Languages : | English (eng) | | Descriptors: | [LCSH]Financial
[LCSH]Social responsibility of business
| | Keywords: | Corporate social responsibility,
Financial performance,
State-controlled power company,
Stakeholders | | Abstract: | In 2008, the State-controlled Assets Supervision and Administration Commission issued guidance on the implementation of social responsibility by central companies; in 2011, the State-controlled Assets Supervision and Administration Commission issued the outline for the implementation of the “12th Five-Year Plan” for the harmonious development of central companies; in 2012, the State-controlled Assets Supervision and Administration Commission established the Central Corporate Social Responsibility Steering Committee; The State-controlled Assets Supervision and Administration Commission has also formulated guidance on state-controlled companies to fulfill their social responsibilities better. The State-controlled Assets Supervision and Administration Commission also held a social responsibility work conference, held social responsibility training, collected outstanding social responsibility enterprise cases, and promoted a series of measures such as social responsibility report, guiding the central companies to continuously improve their social responsibility work ability and level. Subsequently, state-controlled holding companies also made outstanding contributions to China's precise poverty alleviation work. However, state-controlled holding companies also face higher expectations of the people for fulfilling their corporate social responsibilities, and they also have higher pursuits to meet the UN 2030 sustainable development goals. These goals are urgently needed to require state-controlled holding companies to pay more attention to social responsibility. Fulfill and explore how to better fulfill their social responsibilities.
The nature of state-controlled holding companies is also an enterprise. The purpose of the enterprise is to make profits. Therefore, when the manager of the enterprise determines the development direction and business behavior of the enterprise, the financial performance of the enterprise must be considered. In order to promote the construction of social responsibility system in companies and promote companies to fulfill their social responsibilities, it is necessary to give clear evidence to prove the impact of corporate social responsibility on financial performance, and not to make companies spend become an obstacle in the process of fulfilling social responsibility. At present, there is no consensus on the research on the impact of corporate social responsibility on financial performance, mainly due to differences in the methods used and the data used. Therefore, this paper aims to obtain convincing conclusions by combining qualitative and quantitative research, and then promote state-controlled holding companies to find the right direction, fulfill corporate social responsibility better, ensure the steady and healthy development of the national economy. The national policies and resource advantages that companies have made more contributions to employment, environmental protection and public welfare undertakings that are closely related to the Chinese people.
Therefore, based on domestic and foreign research theories and methods, this article starts from the corporate social responsibility theory, stakeholder theory, and corporate contract theory, and selects the power companies listed on the Shanghai and Shenzhen stock markets as the population. 50 state-controlled companies of listed companies as a research sample, conducted empirical research on the relationship between social responsibility and financial performance of electric power companies to supplement related research on the relationship between social responsibility and financial performance of state-controlled companies.
Firstly, it defines the concept of corporate social responsibility, and clarifies the theories and methods involved in the CSR research. Secondly, it starts from the theoretical and practical requirements, from the six aspects of the company to shareholders, customers, employees, government, environment, community and public welfare. To analyze corporate social responsibility, based on the research results of predecessors and the characteristics of financial indicators, the total return on assets as a financial performance indicator, based on theoretical analysis, put forward research hypotheses, and establish a research equation model, through correlation analysis, The results of regression analysis and verification show that the current corporate social responsibility is positively correlated with the current financial performance, and has a significant impact on the current financial performance.
From the analysis of the conclusions of this paper, it can be found that the fulfillment of social responsibility by companies not only helps the company to establish a good image, enhances the reputation of the company, but also helps to improve the financial performance of the enterprise. | | Curricular : | BBA/MBA | | Record link: | http://libsearch.siu.ac.th/siu/opac_css/index.php?lvl=notice_display&id=28036 |
SIU IS. Relationship between Corporate Social Responsibility Performance and Corporate Financial Performance-- Listed Companies in China's Power Industry [printed text] / Yazhou Wang, Author ; Montira Chunlim, Associated Name ; Chanchai Bunchapattanasakda, Associated Name . - [S.l.] : Bangkok: Shinawatra University, 2020 . - vii, 43 p. : Tables, ill. ; 30 cm. 500.00 Baht. SIU IS: SOM-MBA-A-2020-22
Independent study [M. [MBA-Accounting]] -- Shinawatra University, 2020 Languages : English ( eng) | Descriptors: | [LCSH]Financial
[LCSH]Social responsibility of business
| | Keywords: | Corporate social responsibility,
Financial performance,
State-controlled power company,
Stakeholders | | Abstract: | In 2008, the State-controlled Assets Supervision and Administration Commission issued guidance on the implementation of social responsibility by central companies; in 2011, the State-controlled Assets Supervision and Administration Commission issued the outline for the implementation of the “12th Five-Year Plan” for the harmonious development of central companies; in 2012, the State-controlled Assets Supervision and Administration Commission established the Central Corporate Social Responsibility Steering Committee; The State-controlled Assets Supervision and Administration Commission has also formulated guidance on state-controlled companies to fulfill their social responsibilities better. The State-controlled Assets Supervision and Administration Commission also held a social responsibility work conference, held social responsibility training, collected outstanding social responsibility enterprise cases, and promoted a series of measures such as social responsibility report, guiding the central companies to continuously improve their social responsibility work ability and level. Subsequently, state-controlled holding companies also made outstanding contributions to China's precise poverty alleviation work. However, state-controlled holding companies also face higher expectations of the people for fulfilling their corporate social responsibilities, and they also have higher pursuits to meet the UN 2030 sustainable development goals. These goals are urgently needed to require state-controlled holding companies to pay more attention to social responsibility. Fulfill and explore how to better fulfill their social responsibilities.
The nature of state-controlled holding companies is also an enterprise. The purpose of the enterprise is to make profits. Therefore, when the manager of the enterprise determines the development direction and business behavior of the enterprise, the financial performance of the enterprise must be considered. In order to promote the construction of social responsibility system in companies and promote companies to fulfill their social responsibilities, it is necessary to give clear evidence to prove the impact of corporate social responsibility on financial performance, and not to make companies spend become an obstacle in the process of fulfilling social responsibility. At present, there is no consensus on the research on the impact of corporate social responsibility on financial performance, mainly due to differences in the methods used and the data used. Therefore, this paper aims to obtain convincing conclusions by combining qualitative and quantitative research, and then promote state-controlled holding companies to find the right direction, fulfill corporate social responsibility better, ensure the steady and healthy development of the national economy. The national policies and resource advantages that companies have made more contributions to employment, environmental protection and public welfare undertakings that are closely related to the Chinese people.
Therefore, based on domestic and foreign research theories and methods, this article starts from the corporate social responsibility theory, stakeholder theory, and corporate contract theory, and selects the power companies listed on the Shanghai and Shenzhen stock markets as the population. 50 state-controlled companies of listed companies as a research sample, conducted empirical research on the relationship between social responsibility and financial performance of electric power companies to supplement related research on the relationship between social responsibility and financial performance of state-controlled companies.
Firstly, it defines the concept of corporate social responsibility, and clarifies the theories and methods involved in the CSR research. Secondly, it starts from the theoretical and practical requirements, from the six aspects of the company to shareholders, customers, employees, government, environment, community and public welfare. To analyze corporate social responsibility, based on the research results of predecessors and the characteristics of financial indicators, the total return on assets as a financial performance indicator, based on theoretical analysis, put forward research hypotheses, and establish a research equation model, through correlation analysis, The results of regression analysis and verification show that the current corporate social responsibility is positively correlated with the current financial performance, and has a significant impact on the current financial performance.
From the analysis of the conclusions of this paper, it can be found that the fulfillment of social responsibility by companies not only helps the company to establish a good image, enhances the reputation of the company, but also helps to improve the financial performance of the enterprise. | | Curricular : | BBA/MBA | | Record link: | http://libsearch.siu.ac.th/siu/opac_css/index.php?lvl=notice_display&id=28036 |
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