| China's economic development has keep at a high rate since reform and opening-up.At the same time people's living standard has improve,and enterprises have been developing rapidly in our country.People in China has began to focus on corporate social responsibility.Enterprises are dependent on the society,so they should take corresponding social responsibilities.Food and beverage manufacturers are no exception.The fulfillment of the social responsibility of the food and beverage industry comes from the control of food safety.However,mass of food safety problems have been widely occur worldwide in recent years.Of course,negative news is becoming more and more concerned in all industries not just in one industry.Enterprises exist in pursuit of profit,and the improvement of financial performance is always the most fundamental task for the operation of an enterprise.Fulfill social responsibility is to increase the operating costs of enterprises on the face of it.However,enterprises which actively undertake social responsibilities often gain a better reputation and are more likely to be favored by consumers.They always get resulting in a profit increase.Therefore,it has practical significance to study the relationship between social responsibility and financial performance of food and beverage manufacturing enterprises.This paper summarizes social responsibility theories which influence food and beverage manufacturing enterprises to perform CSR.And we has analyzed the present situation food and beverage manufacturing industry to perform CSR.Then we build a system to evaluate social responsibility of food and beverage manufacturing enterprise by adopting the idea of stakeholder theor y from seven aspects which are consumers,shareholders,creditors,employees,suppliers,government and community.In this paper constructed a system to evaluate social responsibility of food and beverage manufacturing enterprise by adopting the idea of stakeholder theory.We comprehensively calculation scores of the social responsibility of 26 listed companies from 2007 to 2016.We use STATA for empirical analysis,set financial performance evaluation score as the dependent variable,set social responsibility scores,company size and property nature as the independent variables.Through the study,we believe that enterprises actively fulfill their social responsibilities will get higher returns on financial performance.The reasons for the preliminary analysis of the following points.First of all,to lengthen the time span.Enterprises fulfill their social responsibility and achieve the goal of maximizing the value of enterprises are consistent.They interact to build a sustainable development of enterprises.Secondly,as an important part of corporate strategic management,corporate social responsibility can promote the shareholders and creditors,suppliers,customers and other stakeholders of this kind of market responsibility to realize the market economic value,and can obtain the corresponding revenue.They also will achieve a win-win situation with government and employees.In addition,it will enhance the competitiveness of enterprises and have a positive impact on the financial performance of enterprises in turn if the interests of all stakeholders a re guaranteed.Therefore,we put forward policy recommendations from the following three aspects:(1)to improve and perfect corporate social responsibility government supervision and policy support;(2)enterprises need to continuously enhance the sense o f social responsibility;(3)pay attention to establish a good communication mechanism with all stakeholders.However,the company size and property nature of the company have negative influence on the improvement of financial performance.It indicates tha t There is potential for promotion the management level of companies in our country,and the problem of inefficiency in state-owned enterprises is also very serious,which is urgently needed to be resolved in the future enterprise development. |
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