IDEAS home Printed from https://ideas.repec.org/a/ers/ijebaa/vxy2022i2p3-18.html
   My bibliography  Save this article

Promotion of the Effectiveness of Corporate Financial Management to Social Benefits

Author

Listed:
  • Zhuo Chen

Abstract

Purpose: The aim of this article is to study the promotion of the effectiveness of corporate financial management to social benefits. Design/methodology/approach: From the perspective of professional technology, the effectiveness of financial management is not considered by the analysis of the promotion effect of enterprises on social benefits, which will lead to the analysis results are inconsistent with the actual situation. New analytical methods are studied. The GA-SVM-based effectiveness evaluation model of enterprise financial management is used as the basis. Through GA-SVM and genetic algorithm, the model is constructed to evaluate the effectiveness of financial management. Findings: According to the evaluation results, the established evaluation model is used to comprehensively score the indicators for promoting the social benefits of the enterprise. The experimental results show that the correct classification rate of the proposed model is above 90%, and the average correct classification rate is 95.0%, which indicates that the model has strong generalization ability. The average score of the company evaluated in 2013 is 4.52×10-6, which is consistent with the actual situation. Colleagues also verified the effectiveness of the method. Practical implications: The paper has guiding significance for the overall development of benefits, and also provides the scientific method for evaluating the performance of corporate social responsibility. Originality/value: The paper could continue the evaluation of the effectiveness of traditional enterprise financial management, conduct the more comprehensive, in-depth and scientific analysis of the production and operation, provide more practical financial management information to promote sustainable business.

Suggested Citation

  • Zhuo Chen, 2022. "Promotion of the Effectiveness of Corporate Financial Management to Social Benefits," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 3-18.
    • Handle: RePEc:ers:ijebaa:v:x:y:2022:i:2:p:3-18
    as

    Download full text from publisher

    File URL: https://ijeba.com/journal/763/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Riccardo Rebonato, 2017. "Financial Enterprise Risk Management," Quantitative Finance, Taylor & Francis Journals, vol. 17(12), pages 1795-1797, December.
    2. Krzysztof Dembek & Prakash Singh & Vikram Bhakoo, 2016. "Literature Review of Shared Value: A Theoretical Concept or a Management Buzzword?," Journal of Business Ethics, Springer, vol. 137(2), pages 231-267, August.
    3. David Yermack, 2017. "Donor governance and financial management in prominent US art museums," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 41(3), pages 215-235, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Md. Rabiul Islam & Syed Zabid Hossain, 2019. "Conceptual mapping of shared value creation by the private commercial banks in Bangladesh," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 4(1), pages 1-20, December.
    2. Marcelo Royo-Vela & Jonathan Cuevas Lizama, 2022. "Creating Shared Value: Exploration in an Entrepreneurial Ecosystem," Sustainability, MDPI, vol. 14(14), pages 1-23, July.
    3. Sandeep Dahiya & David Yermack, 2018. "Investment Returns and Distribution Policies of Non-Profit Endowment Funds," NBER Working Papers 25323, National Bureau of Economic Research, Inc.
    4. Seong-jin Choi & Jong Kwon Ko & Sukyoon Jung, 2018. "A Conglomerate’s Effort for Co-Prospering with Its Subcontractors and Firm Value: Evidence from Korea," Sustainability, MDPI, vol. 10(7), pages 1-15, July.
    5. Carlos González-Rossano & Antonia Terán-Bustamante & Marisol Velázquez-Salazar & Antonieta Martínez-Velasco, 2023. "What Drives Profit Income in Mexico’s Main Banks? Evidence Using Machine Learning," Sustainability, MDPI, vol. 15(7), pages 1-19, March.
    6. Armando Borda & Oswaldo Morales & Hildy Teegen & Gareth H. Rees & Maria Alejandra Gonzalez-Perez, 2021. "Addressing Sustainable Rural Development with Shared Value: A Peruvian Model from the Cacao Industry," Sustainability, MDPI, vol. 13(14), pages 1-17, July.
    7. Su‐Jung Nam & Hyesun Hwang, 2019. "What makes consumers respond to creating shared value strategy? Considering consumers as stakeholders in sustainable development," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(2), pages 388-395, March.
    8. Mehrnaz Ashrafi & Gregory M. Magnan & Michelle Adams & Tony R. Walker, 2020. "Understanding the Conceptual Evolutionary Path and Theoretical Underpinnings of Corporate Social Responsibility and Corporate Sustainability," Sustainability, MDPI, vol. 12(3), pages 1-17, January.
    9. Bedggood, Rowan & Russell-Bennett, Rebekah & McAndrew, Ryan & Glavas, Charmaine & Dulleck, Uwe, 2023. "Challenging the social-power paradigm: Moving beyond consumer empowerment to an energy ecosystem of shared value," Energy Policy, Elsevier, vol. 173(C).
    10. Hussin Elansari & Ahmad Alzubi & Amir Khadem, 2024. "The Impact of United Nations Sustainable Development Goals on Customers’ Perceptions and Loyalty in the Banking Sector: A Multi-Mediation Approach," Sustainability, MDPI, vol. 16(18), pages 1-24, September.
    11. Francisco Salas-Molina & Juan Antonio Rodr'iguez Aguilar & Filippo Bistaffa, 2020. "Shared value economics: an axiomatic approach," Papers 2006.00581, arXiv.org.
    12. Nathaniel D. Line & Rodney C. Runyan & Tracy Gonzalez-Padron, 2019. "Multiple stakeholder market orientation: a service-dominant logic perspective of the market orientation paradigm," AMS Review, Springer;Academy of Marketing Science, vol. 9(1), pages 42-60, June.
    13. Ayse Saka-Helmhout & Maryse M. H. Chappin & Suzana B. Rodrigues, 2022. "Corporate Social Innovation in Developing Countries," Journal of Business Ethics, Springer, vol. 181(3), pages 589-605, December.
    14. Farhana Ferdousi & Nuren Abedin, 2023. "Strategic Human Resources Management for Creating Shared Value in Social Business Organizations," Sustainability, MDPI, vol. 15(4), pages 1-24, February.
    15. Rebecca Chunghee Kim & Akira Saito & V. Mohan Avvari, 0. "Interpretation and integration of “creating shared value” in Asia: implications for strategy research and practice," Asian Business & Management, Palgrave Macmillan, vol. 0, pages 1-28.
    16. Tatsuya Kato, 2022. "The Effects of Corporate Governance on ESG-related Information Disclosure: Evidence from Japanese Firms," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 40, pages 67-100, November.
    17. Andrea Cardoni & Evgeniia Kiseleva & Paolo Taticchi, 2020. "In Search of Sustainable Value: A Structured Literature Review," Sustainability, MDPI, vol. 12(2), pages 1-18, January.
    18. Kwon, Deuksin & Lee, Ha Young & Cho, Joon Hyung & Sohn, So Young, 2023. "Effect of an open patent pool strategy on technology innovation in terms of creating shared value," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    19. Ta-Kai Yang & Min-Ren Yan, 2020. "The Corporate Shared Value for Sustainable Development: An Ecosystem Perspective," Sustainability, MDPI, vol. 12(6), pages 1-16, March.
    20. Chang‐Hyun Jin, 2018. "The effects of creating shared value (CSV) on the consumer self–brand connection: Perspective of sustainable development," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1246-1257, November.

    More about this item

    Keywords

    Corporate; financial management; effectiveness; social benefits; promotion; GA-SVM.;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:ijebaa:v:x:y:2022:i:2:p:3-18. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ijeba.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.