The Effect of Corporate Social Responsibility on Financial Performance: Evidence from Chinese Chemical EnterprisesTools Zhu, Xiner (2020) The Effect of Corporate Social Responsibility on Financial Performance: Evidence from Chinese Chemical Enterprises. [Dissertation (University of Nottingham only)]
AbstractThis dissertation examines the effect of Corporate Social Responsibility (CSR) on financial performance for a sample of enterprises in Chinese chemical industry. Among seven variables measuring the CSR performance of the company, four of them are found to be positively related with the Return on Assets (ROA), consistent with the expectation. In addition to this, two variables are found to be negatively correlated and one variable is found to have no significant association with financial performance, which is inconsistent with the prediction. The fulfillment of CSR to investors, the government, suppliers and consumers are found to significantly influence financial performance in a positive direction, while the fulfillment of CSR to other groups of stakeholders are not. The results generally indicate that actively fulfilling CSR to various groups of stakeholders is conducive to improving financial performance. These results are specialized for companies in Chinese chemical industry over the period 2013 to 2018, under the background of increasingly severe environmental problems and strengthening emphasis on CSR in China.
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