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A Multidimensional Analysis of the Relationship between Corporate Social Responsibility and Firm’s Financial Performance—Based on the Data of 78 Listed Companies in 10 years in Henan Province, China

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Document pages: 11 pages

Abstract: At present, the research on the relationship of corporate socialresponsibility and economic performance mostly adopts the method of large-scalesampling, but does not distinguish the sample industries and regions, so therelevant research needs to be further analyzed. Based on the 2008-2017 data of78 listed enterprises in Henan province, the relationship between corporatesocial responsibility and economic performance in 7 industries is measured by 8indexes through Arellano-Bond dynamicpanel data model. The research shows that the social responsibility of listedenterprises in Henan Province has a lagging impact on the economic performanceof enterprises, which has a negative impact on the short-term and a positiveimpact on the long-term. The common point is that the responsibility of theinvestor has a positive impact on the economic performance of the enterprise,and other aspects vary greatly due to industry categories. In general, thedegree of corporate social responsibility of listed enterprises in Henan Provinceis relatively low.

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