Research on the Impact of Social Responsibility of Listed Dairy Companies on Financial Performance in China

DOI

10.2991/aebmr.k.200306.064How to use a DOI?

Keywords

dairy products, social responsibility, financial performance

Abstract

China’s economy has achieved rapid development over the years. However, the constant change in the domestic and international environment has also brought many challenges to the sustainable growth of China’s economy. Corporate social responsibility issues such as environmental pollution and product safety are increasingly plagued. At present, China is in the transition period of social economy, coupled with the existence of a series of factors such as unregulated system and imperfect system, which makes social contradictions prominent and complicates various social problems, and has aroused widespread concern from all walks of life. How to properly correct the over-emphasis on the traditional enterprise management concept that pursues the maximization of corporate profits and the interests of shareholders, so as to establish a set of theories and systems suitable for the actual development of Chinese enterprises, and strengthen corporate social responsibility (CSR) has become an imminent challenge. The main chapters of this paper are divided into five parts. The first part is based on the research literature review, analyzing the research background and significance, research framework, research methods. The second part is about China’s dairy enterprises. The status quo, characteristics and necessity of fulfilling social responsibility are expounded. The third part focuses on the analysis of the relevant theories and measurement methods of the impact of social responsibility of dairy enterprises on financial performance and proposes the theoretical hypothesis of this paper according to its influence, which is the empirical analysis below, and lay a good foundation for theoretical hypothesis; the fourth part is based on the theoretical foundation of the previous article and the implementation of social responsibility of dairy enterprises, through the construction and analysis of regression equations, the empirical study on the financial performance of dairy companies in fulfilling their social responsibilities, initially concluded that the two are positively related. The fifth part draws conclusions based on the results of empirical research and proposes corresponding recommendations in light of the current environment. It is expected that this paper will provide a feasible suggestion for dairy companies to actively fulfill their social responsibilities.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Shijie Li
PY  - 2020
DA  - 2020/03/11
TI  - Research on the Impact of Social Responsibility of Listed Dairy Companies on Financial Performance in China
BT  - Proceedings of the 5th International Conference on Financial Innovation and Economic Development (ICFIED 2020)
PB  - Atlantis Press
SP  - 358
EP  - 371
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200306.064
DO  - 10.2991/aebmr.k.200306.064
ID  - Li2020
ER  -