Proceedings of the 2019 International Conference on Economic Management and Cultural Industry (ICEMCI 2019)

Research on the Influence of Enterprise Social Responsibility on Financial Performance of Pharmaceutical Companies

Authors
Yu-rong Guan, Kun-peng Zhou, Si-chen Zhou
Corresponding Author
Kun-peng Zhou
Available Online 20 December 2019.
DOI
https://doi.org/10.2991/aebmr.k.191217.107How to use a DOI?
Keywords
Enterprise social responsibility, Financial performance, Externality, Pharmaceutical enterprise
Abstract
The purpose of the enterprise is to pursue profits, and the enterprise social responsibility plays an important role in social development, so the fulfillment of enterprise social responsibility and the purpose of pursuing profits to a certain extent is contradictory. Especially, the social responsibility of pharmaceutical enterprises has a more significant impact on the society. Therefore, this paper takes the data of 160 pharmaceutical enterprises in A-shares in 2017 as samples and adopts multiple regression to analyze the impact of ESR on financial performance. It finds that the fulfillment of ESR has a negative effect on short-term financial performance and a positive effect on long-term financial performance.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Yu-rong Guan
AU  - Kun-peng Zhou
AU  - Si-chen Zhou
PY  - 2019
DA  - 2019/12/20
TI  - Research on the Influence of Enterprise Social Responsibility on Financial Performance of Pharmaceutical Companies
BT  - Proceedings of the 2019 International Conference on Economic Management and Cultural Industry (ICEMCI 2019)
PB  - Atlantis Press
SP  - 588
EP  - 592
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.191217.107
DO  - https://doi.org/10.2991/aebmr.k.191217.107
ID  - Guan2019
ER  -