Our Country Medicine Study Of Relationship Between Corporate Social Responsibility And Financial Competitiveness

In recent years, with the deepening of economic globalization, corporate socialresponsibility has become a hot issue of common concern around the world, valued by thepublic and scholars. Maximization of shareholders’ interests and the theory about interests ofstakeholders has been the topic of debate. But with the market competition intensifier, moreand more scholars and managers are awake to that: corporate is responsible for the interests ofshareholders, but also fulfill responsibilities to stakeholders. Companies seek their owndevelopment but also must meet the requirements of shareholders, suppliers, employees,consumers, governments and other stakeholders, they can not ignore the problem ofemployees’ safety, products’ quality and environmental pollution. The degree of corporatesocial responsibility has become an important means to measure its market competitiveness,managers should consider it as a long-term investment, rather than cost-consuming.Financial competitiveness can be said to be the core competitiveness of enterprises, is anew development in the financial field and it has prompted people to rediscover of finance.Financial competitiveness represent the operating results of an enterprise, in order to enablethe enterprise to have sustainable competitive advantage, it must require the efficient Integrat-ion of various financial controllability resources. Now the theoretical circles are pay attentionto this problem about how to build and enhance the enterprise’s financial competitiveness.With the development of social responsibility theory and research, it has gradually become animportant part of the financial competitiveness.Due to the poor performance of China’s pharmaceutical enterprises to undertake thesocial responsibility and there is still a large debate on the relationship between corporatesocial responsibility and financial competitiveness in theory, this paper is focused onthe financial field of pharmaceutical listing corporation, and comprehensive researches aboutthe relationship between corporate social responsibility and financial competitiveness. First, itdescribes the background and significance of the research. Then summary the theory aboutcorporate social responsibility and financial competitiveness and adopt a method whichgathers demonstration analysis and theoretical analysis. After that, I put forward the originalassumptions of their relationship, and design a set of indicators system related to corporatesocial responsibility and financial competitiveness. I pull the numbers from the annual reportand process them by using statistical methods. Finally, analyze the relationship betweencorporate social responsibility and financial competitiveness by quantitative research anddraw conclusions.This paper is based on65medieal listed companies’ statistics from2011to2013and adopt a method which gathers demonstration analysis and theoretical analysis, we find that,first, corporate will enhance their financial competitiveness by committing the responsibilityof government and suppliers, while staff ‘s responsibility will be less weaken the financialcompetitiveness of enterprises and commit creditors and share holders’ responsibility is notrelevant to financial competitiveness. Second, in short term, corporate social responsibilityhad no significant effect on its financial competitiveness. Third, considering previous period,the better corporate social responsibility performances in the previous periods would lead togreater financial competitiveness in the following time. In contrast, the level of financialcompetitiveness also affects corporate social responsibility performance.