The Impact of Corporate Social Responsibility on Financial Performance: The Case of Internet-based Enterprises in China

With the development of the economy and society, enterprises are no longer just profit organizations. They need to meet the demands of people to fulfill their social responsibilities. The development of Corporate Social Responsibility in China has only been more than a decade, and it is still in the...

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Bibliographic Details
Published in:Economic affairs (Calcutta) 2023-09, Vol.68 (3), p.1745-1755
Main Authors: Zandi, Gholam Reza, Shan, Liang, Zaini, Syeliya Md
Format: Article
Language:English
Subjects:
Charities
Employees
Ethics
Financial performance
Internet
Morality
Privacy
Public opinion
R&D
Research & development
Social responsibility
Society
Sustainable development
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Summary:With the development of the economy and society, enterprises are no longer just profit organizations. They need to meet the demands of people to fulfill their social responsibilities. The development of Corporate Social Responsibility in China has only been more than a decade, and it is still in the initial exploration stage. Most companies initially adopted a wait-and-see attitude towards it. This article will take the perspective of listed internet companies in China and construct a social responsibility evaluation index system to empirically analyze the relationship between social responsibility and financial performance of internet-based companies. It will explore whether the cost of Corporate Social Responsibility will have a negative impact on their economic benefits. Based on this, it will help internet-based companies correctly understand the important position of social responsibility in their management system and enhance their awareness of actively taking social responsibility.
ISSN:0424-2513
0976-4666
DOI:10.46852/0424-2513.3.2023.43