Research Article
A Study on the Impact of Corporate Social Responsibility on Financial Performance from a Multidimensional Perspective
@INPROCEEDINGS{10.4108/eai.27-10-2023.2341969, author={Zhengchao Zhang and Lili Ren}, title={A Study on the Impact of Corporate Social Responsibility on Financial Performance from a Multidimensional Perspective}, proceedings={Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27--29, 2023, Tianjin, China}, publisher={EAI}, proceedings_a={ICEMBDA}, year={2024}, month={1}, keywords={corporate social responsibility dimension performance}, doi={10.4108/eai.27-10-2023.2341969} }- Zhengchao Zhang
Lili Ren
Year: 2024
A Study on the Impact of Corporate Social Responsibility on Financial Performance from a Multidimensional Perspective
ICEMBDA
EAI
DOI: 10.4108/eai.27-10-2023.2341969
Abstract
This article combines stakeholder theory and corporate social responsibility report disclosure matters to divide corporate social responsibility into seven dimensions. Using data from A-share listed companies in Shanghai and Shenzhen from 2013 to 2022 as samples, the relationship between each dimension of corporate social responsibility and financial performance is studied. The research results indicate that from the dimensions of shareholders, employees, suppliers, government, environment, and the public, corporate social responsibility has a significant positive impact on financial performance; From the customer perspective, corporate social responsibility has a significant negative impact on financial performance. The research results have theoretical and practical significance for guiding corporate social responsibility management and improving financial performance.
