An Empirical Analysis On The Effect Of Corporate Social Responsibility In Food Sector

Corporate Social Responsibility in many Western countries have a long history, more and more citizens and the media act requires companies to consider the impact on society and the environment, and also requires the behavior of enterprises to provide high degree of transparency and openness compared high report. In China, corporate social responsibility is also accompanied by a gradual process of economic globalization and social entrepreneurs to become one of the issues of concern to the public The face of the poor performance of China’s food industry, the reality of social responsibility, a comparative study of social responsibility to be an important task. In this paper, the relationship between food production and the livelihood of the listed companies as samples, using empirical methods to analyze the relationship between the two.Firstly, the theoretical basis of the sort associated with, the concept of corporate social responsibility to define the course of the evolution of corporate social responsibility were reviewed, considered the most suitable for the study of existing research structures of corporate social responsibility is based on stakeholder theory and social responsibility combined frame. Then describes the findings of previous studies of corporate social responsibility impact on the financial performance. Since China is still in the food production enterprises in all aspects of early stage of development, food production companies and other industry standards have yet to be perfect, so relatively backward sense of social responsibility of the entire industry. This article started on the three dimensions of corporate influence on the degree of importance and urgency of the distinction between the analysis of social responsibility that each of these three dimensions of social responsibility, the better the performance, the better the company’s financial performance, respectively, from the current empirical analysis and post-studied two periods. This paper selected52listed companies based on food production from2010to2012data, the impact of food production enterprises listed on the social responsibility of financial performance for statistical analysis. The results show that:the current core, dormant, social responsibility performance edge in three dimensions better financial performance for the same period is also higher. Early in the study of social responsibility have an impact on the financial performance of late, with a two-year financial performance lagged dependent variable to do, the results show the relationship between food production and corporate social responsibility and financial performance between and found lag comprehensive index of social responsibility impact on the financial performance of late is not significant. This suggests a positive corporate social responsibility needs to continue for some time to establish a good image in the community, in order to further promote the company’s financial performance. As domestic food production enterprises for corporate social responsibility consciousness, most companies are still on the concept of social responsibility is not clear, not from the point of view of long-term beneficial impact on the social responsibility of enterprises and the whole environment. Therefore, from the enterprise level, China’s food production enterprises should understand the concept of social responsibility from the government level to develop in line with China’s national conditions of corporate social responsibility information disclosure, rewards and penalties as soon as possible, so that our food production system more standardized corporate sector supervision more transparent, so as to accelerate the development of corporate social responsibility in the food industry, and promote their healthy growth.