An Empirical Study on the Impact of Corporate Social Responsibility on Financial Performance—A Case Study of the Pharmaceutical Industry

Guang-Qiang HAN, Xiao-Fei TANG
2020 DEStech Transactions on Social Science Education and Human Science  
This paper adopts the method of empirical research to select 200 pharmaceutical listed companies from 2014 to 2018 as the research objects, and constructs the model of pharmaceutical enterprises' social responsibility from the perspectives of shareholders, government and employees, and studies the correlation between pharmaceutical enterprises' social responsibility and financial performance. The results show that there is a positive correlation between the active fulfillment of social
more » ... ility and the financial performance of listed pharmaceutical companies, among which, the positive correlation between the social responsibility for shareholders and the financial performance is the strongest, followed by the correlation between the social responsibility for the government and employees and the financial performance. Accordingly, reasonable Suggestions are put forward from three aspects: social responsibility assumed by shareholders, social responsibility assumed by government and social responsibility assumed by employees.
doi:10.12783/dtssehs/icssm2020/34304 fatcat:g5tyki2ugjgonfyzvsjud65boa