| Corporate social responsibility is not only in pursuit of self-value maximization, but also refers to satisfy the social needs, including government, employers, investors and community. Actually, self-value and social benefits control and affect each other. With the growth of family business, they are also face to the interests and conflicts in terms of taking corporate social responsibility. For one thing, to take the CSR will increase the CSR disclosure cost, thereby reducing company’s financial performance; for the other, it benefits to create a good enterprise image and attract more investing in order to achieve a win-win situation between enterprise and social. This paper chooses105listed family businesses as the samples and aims to answer the question that whether the CSR performance will affect family business growth in the current period? If yes, is it positive or negative impact? The results may promote family business to take more CSR from the strategic perspective and get the balance between enterprise and stakeholders.According to the Carroll Model, this paper will divide CSR into four levels from low to high, namely, economic responsibility, legal responsibility, ethical responsibility and philanthropy responsibility. The evaluation standard and data of every level are all from "RKS CSR Ratings". Firstly, this paper builds an evaluation system of corporate social responsibility formed by4first level indicators and30second level indicators. In addition, this paper select6financial indicators to evaluate family business growth, separately,3qualitative indicators and3quantitative indicators. Then this paper explains and proves the impact of CSR to family business growth from four levels through normative and empirical research. The results show that economic responsibility and philanthropy responsibility are positive factors to the growth of family business. Legal responsibility is against to family business growth due to its high CSR cost. The impact of ethical responsibility to family business growth is not significant. Overall, Corporate Social Responsibility is benefit to the growth of family business. So family businesses should pay more attention to the significant influence of CSR and encourage the implement of CSR with strategies in order to promote their growth and development in the long term. |
