Study On Correlation Between Gem Corporate Social Responsibility And Financial Sustainable Growth Rate

Most of the GEM is in the growth. Enterprises’ normal operation needs a large amount ofcapital; nevertheless, fulfilling the social responsibilities will welcome the relevant cost. Undersuch considerations, how to adjust the connection between fulfilling the social responsibilitiesand guaranteeing self development becomes the precondition for the enterprises to accomplishthe sustainable development. The paper collects and summarizes the experts’ researchperformance from home and abroad, and analyzes the correlation between the GEM performingthe social responsibilities and the ability of financial sustainable growth. First of all, the researchproceeds from the theory of the stakeholder, the theory of the sustainable development, thetheory of the balance of interests, and makes the theoretical analysis about the relationshipbetween the social responsibilities and the financial sustainable growth. Then, the researchdefines the social responsibilities for the GEM, and analyzes the performing condition of thesocial responsibilities from the GEM at this stage. In the next step, the paper makes the empiricalstudy on the correlation between the social responsibilities and the financial sustainable growth,and the results show that performing the duties for the stakeholders and the consumers hassignificant positive correlation with the indicators of financial sustainable growth; performingthe duties for the creditors and the employees has significant negative correlation with theindicators of financial sustainable growth; performing the duties for the other stakeholders hasinconspicuous positive correlation with the indicators of financial sustainable growth; the overallcondition of performing the social responsibilities has inconspicuous negative correlation withthe ability of financial sustainable growth and the excessively-fast-and-slow also impacts onperforming the social responsibilities. Finally, the research analyzes the reasons which lead to theabove phenomena, suggests the enterprises reasonably make use of the financial leverage andkeeps more research investments, and suggests the government fully perform the function ofsupervision, support the GEM to make the innovative abilities construction, aiming at leading theGEM to reasonably perform the social responsibilities and coordinate the relationship betweenthe social duties and the financial sustainable growth.