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The Relevance of Social Responsibility and Financial Performance of Listed Companies

Author

Listed:
  • Jingwen Mi
  • Shaoyan Jiang
  • Xiaohui Tao
  • Wanwan Hu

Abstract

This paper uses the data of Chinese listed companies from 2014 to 2016 as a sample to discuss the relationship between corporate social responsibility and financial performance. At the same time, it analyzes the regulatory role of corporate scale and growth opportunities in the impact of social responsibility on economic performance. The study finds that there is a significant positive correlation between social responsibility and financial performance. The scale of the enterprise reverses the impact of social responsibility on financial performance, and growth opportunities do not regulate the impact of social responsibility on financial performance.

Suggested Citation

  • Jingwen Mi & Shaoyan Jiang & Xiaohui Tao & Wanwan Hu, 2018. "The Relevance of Social Responsibility and Financial Performance of Listed Companies," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 8(2), pages 40-50, June.
    • Handle: RePEc:ibn:jmsjnl:v:8:y:2018:i:2:p:40-50
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    References listed on IDEAS

    as
    1. Andonova, Veneta & Ruíz-Pava, Guillermo, 2016. "The role of industry factors and intangible assets in company performance in Colombia," Journal of Business Research, Elsevier, vol. 69(10), pages 4377-4384.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    corporate social responsibility; financial performance; growth opportunities; corporate scale;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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