Research On The Relationship Among Internal Control,Corporate Social Responsibility And Financial Performance

As the main mechanism for the operation and operation of an enterprise,internal control can effectively improve the company's operating efficiency and management level.It plays an important role in ensuring the improvement of financial performance.Among these,corporate social responsibility is also an important factor.In 2010,China promulgated the "Guidelines for the Application of Corporate Internal Control No.4-Social Responsibility",stressing that enterprises should strengthen social responsibility construction in the construction of internal controls.However,there are still some social responsibility issues in the company.Internal control has not been fully integrated into social responsibility;some companies believe that this will increase costs and will be unfavorable for achieving financial performance.Therefore,they are unwilling to build social responsibility,leading to the current corporate social Responsibility issues are frequent.Therefore,it is necessary to discuss the relationship between internal control,corporate social responsibility and financial performance.Internal control can promote corporate social responsibility,undertake social responsibility and help enterprises gain social recognition and support,bring soft power to the company,and become an additional advantage of internal control to improve financial performance.Therefore,this paper regards social responsibility as an intermediary variable to study an internal path of internal control affecting financial performance.Through research,it aims to guide enterprises to rely on internal control to build social responsibility in an all-round way.This paper mainly uses the combination of theoretical and empirical analysis methods to carry out research.In the theoretical part,principally combined with principal-agent theory,signal transmission theory,and stakeholder theory,etc.,a systematic theoretical analysis of the three relationships was conducted,and then related assumptions were put forward.In the empirical part,the regression model is mainly established using the mediating effect test method.Based on the relevant data of listed companies on the A-share Main Board of the Shanghai and Shenzhen Stock Exchanges from 2014 to 2016,SPSS software is used for empirical analysis.The research results show that internal control can positively affect financial performance;internal control also promotes corporate social responsibility;internal control can positively affect financial performance by promoting corporate social responsibility,and corporate social responsibility plays a part in mediating role.According to the research results,this paper proposes relevant countermeasures for social responsibility and internal control construction from the aspects of environmental construction of internal control,social responsibility department setup,internal supervision and external supervision.