The Impact Of Food Processing Enterprises' Social Responsibility On Enterprise Value

With the rapid development of China's economy,food safety has emerged as a social problem,and the industry is one of the most closely related industries with the people's livelihood.Due to the mismatch of the economic and social development speed and the development speed of the auxiliary policy,resulting in the supervision of food processing industry are detrimental to business consciousness and other problems,with the increasing of people on food quality and the degree of concern,there will be a large number of food safety problems were found and the annual exposure.Food safety problems occur in continuously at the same time,people began to produce deeply doubt and question of food processing enterprises,food processing enterprises to fulfill the social responsibility?What about the fulfillment of their social responsibilities?Since the last century,corporate social responsibility has become a hot topic in academic circles at home and abroad,the same corporate social responsibility and the relationship between the value of the enterprise is also concerned by scholars.Financial data and financial indicators of the collection of the Shanghai and Shenzhen food processing 2014-2016 total of 65 listed companies for three consecutive years,the social responsibility and the enterprise value theory analysis,put forward the research hypothesis,and then select the core index can represent both the construction of social responsibility and the enterprise value regression model,empirical analysis on sample data selected by correlation analysis and regression analysis,to test the relationship between social responsibility and corporate value,draw the final conclusion.The conclusion shows that there is a positive correlation between the overall basic food processing enterprises social responsibility and enterprise value,including shareholders,consumers and the responsibility of the state in the current period and later period are significant positive correlation between the employees and the public;to fulfill their social responsibility in the current period and after a period of improve enterprise value of creditors and suppliers to fulfill;the corresponding responsibility had no significant effect on the enterprise value;the conclusion can be seen as follows:first,enterprises should maintain the interests of consumers,shareholders,the state is not damaged,so as to guarantee the product quality,and pay taxes as soon as possible to get more profit,in the consumer responsibility and increase enterprise value get a better financial performance,and also through the distribution of profits and pay the tax burden the corresponding responsibility to shareholders and countries;second,Enterprises should be responsible for the staff and the public,the former belongs to the internal responsibility which is the external responsibility,a responsibility that can not be ignored,to achieve a better combination of internal and external to enhance corporate value;third,the conclusion shows that the enterprise has no influence on the enterprise value of the creditors and suppliers to take responsibility,but because the supplier is the source of enterprise the raw materials,the creditor is one of the sources of funds of enterprises,enterprises can not be ignored for their social responsibility.To sum up,only in fulfilling the social responsibility of all stakeholders,will establish a good image of the enterprise,improve visibility,and enhance corporate value.This conclusion provides a reference for the overall upgrading and sustainable development of the food processing industry.