Research on the Influence of Enterprise Social Responsibility on Financial Performance of Pharmaceutical Companies
Yu-rong Guan, Kun-peng Zhou, Si-chen Zhou
Available Online 20 December 2019.
- https://doi.org/10.2991/aebmr.k.191217.107How to use a DOI?
- Enterprise social responsibility, Financial performance, Externality, Pharmaceutical enterprise
- 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.
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 -