Yang Qiu Master Thesis 2012_MF06.pdfx

At present, corporate social responsibility has become an important area of modern corporate research theory, and the development of CSR activities all over the world is remarkable. While the relationship between corporate social responsibility and corporate financial performance is still ambiguous. This study reviewed the development of corporate social responsibility and literatures which focused on related researches; used the stakeholder theory as the theoretical basis and content analysis as the method basis; chose the accounting indicators of 839 Chinese listed companies in 2010 as samples; then did regression analysis to measure the relationship between Chinese companies’ social responsibilities and their financial performance. According to the research results, except implementing the social responsibilities to shareholders has outstanding positive impact on Chinese listed companies’ financial performance and implementing social responsibilities to employees has relatively positive impact; the implementations of social responsibilities to other stakeholders have no signally impact on Chinese listed companies’ financial performance. These results show that the CSR situation in China is still not optimistic.