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Corporate Social Responsibility Regulatory System Based on Sustainable Corporation Law Pathway

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  • Shanshan Yao

    (School of Business, Henan University of Science and Technology, Luoyang 471000, China)

Abstract

Whether an enterprise has a positive attitude towards social responsibility and whether it takes actions to assume social responsibility is very important to its sustainable development. The act of not taking social responsibility is not only an important reason for the lack of long-term development of enterprises, but also a key problem that hinders China’s further promotion of sustainable economic development. Therefore, it is very necessary to implement the corporate social responsibility regulatory system. The purpose of this paper is to examine the link between corporate social responsibility regulation and sustainable corporation law pathways. In order to explore this relationship and whether the two support each other, a TOPSIS-grey relational analysis is proposed. The experimental results of this paper show that the use of grey relational analysis (GRA) can evaluate whether the sustainable corporation law pathway has an impact on the practice of corporate social responsibility, and the accuracy rate is as high as 85%. The relationship between sustainable corporation law and corporate social responsibility is complementary, and the relationship between the two has reached more than 80%. Based on the path of sustainable corporation law, through the implementation of the regulatory system, enterprises can better undertake social responsibilities, thus promoting the comprehensive, sustainable and healthy development of enterprises. Only based on the principles of the sustainable corporation law pathway can businesses get better and better.

Suggested Citation

  • Shanshan Yao, 2023. "Corporate Social Responsibility Regulatory System Based on Sustainable Corporation Law Pathway," Sustainability, MDPI, vol. 15(2), pages 1-17, January.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:2:p:1638-:d:1035818
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    References listed on IDEAS

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    1. Volkan Muslu & Sunay Mutlu & Suresh Radhakrishnan & Albert Tsang, 2019. "Corporate Social Responsibility Report Narratives and Analyst Forecast Accuracy," Journal of Business Ethics, Springer, vol. 154(4), pages 1119-1142, February.
    2. Harwood, Ian & Humby, Stuart & Harwood, Audrey, 2011. "On the resilience of Corporate Social Responsibility," European Management Journal, Elsevier, vol. 29(4), pages 283-290, August.
    3. Caroline Flammer, 2018. "Competing for government procurement contracts: The role of corporate social responsibility," Strategic Management Journal, Wiley Blackwell, vol. 39(5), pages 1299-1324, May.
    4. François Maon & Adam Lindgreen & Valérie Swaen, 2009. "Designing and Implementing Corporate Social Responsibility: An Integrative Framework Grounded in Theory and Practice," Journal of Business Ethics, Springer, vol. 87(1), pages 71-89, April.
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    Cited by:

    1. Dalal Aassouli & Ayodele Akande & Ray Jureidini, 2023. "Comparative Analysis of Sustainable Food Governance and the Alignment of Food Security Policies to Sustainable Development: A Case Study of OIC Countries," Sustainability, MDPI, vol. 15(22), pages 1-27, November.
    2. Wensheng Xiao & Yu Tang & Bright Obuobi & Shaojian Qu & Minglan Yuan & Decai Tang, 2023. "The Influence of Rule of Law on Government’s Sustainable Economic Management: Evidence from China," Sustainability, MDPI, vol. 15(15), pages 1-23, July.

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