Study Of Financial Effciency Of Coal Enterprises Fulfill The Social Responsibility

The development of the market economy, encourage enterprises to pay more attentionto the implementation of social responsibility.According to the strong demand of social market economy environment for corporatesocial responsibility, this paper takes all coal listed companies in Shenzhen and Shanghaifrom2010to2011as samples, combines the normative research and empirical research,analyses the performance of China’s coal listed companies social responsibility onfinancial performance.First, the paper describes the background and significance of the research, carried outa comprehensive review of research and social responsibility at home and abroad as wellas social responsibility and financial performance. By analysis of the deficiencies of theexisting literature, it describes the innovation of this study and the research methods andideas.Secondly, this paper makes the definition of the related concept, including theory ofcorporate social responsibility, stakeholder theory and input and output theory. The sametime, it explains the research approach of Data envelopment analysis.Then, the paper describes the current situation of coal Corporate Social Responsibilityefficiency analysis on financial performance. According to the characteristics of the coalenterprises as well as problems, it designs the Social Responsibility input indicators andfinancial performance output indicators.Next, the paper describes the applicability of data envelopment analysis of theapplicability of this article, and then conducts a correlation analysis results. The resultsshows the positive correlation between earnings per share, equity net profit margin andfinancial performance, the negative correlation between insurance rate, wages and welfarerates, mineral resources compensation rate and financial performance, while other socialresponsibility indicators like income tax rate, income tax rate, the current ratio, the rate ofoperating costs, the utilization of special reserves, donated the rate of expenditure show nosignificant relationship with financial performance. Then the paper analysis the correlationindicators use DEA. The results showed that the majority of coal enterprises have relatively poor efficiency, and scale efficiency increment. it indicates the waste of socialresponsibility. Together, the efficiency of social responsibility is declining.Finally, the paper concludes that there is waste of coal Corporate SocialResponsibility, so enterprises should improve the efficiency of social responsibility.Negative indicators related to financial performance should be performed continue from thelong-term development perspective. The paper concludes suggestion from three angles,that is the optimization of the internal allocation of resources, robust external oversightmechanisms and external oversight mechanisms。...