"One Belt And One Road" Listed Company Social Responsibility,International Competitiveness And Financial Performance

In 2013,general secretary Xi Jinping led his delegation to visit Kazakhstan and Indonesia,and delivered important speeches respectively.He put forward two constructive ideas(referred to as "One Belt And One Road")on jointly building a silk road economic belt and the 21 st century maritime silk road.As the main body and backbone of "One Belt And One Road" construction,enterprises' behavior represents the image of a country.Therefore,Chinese enterprises shoulder the dual mission of economic responsibility and social responsibility in the construction of "One Belt And One Road".Under the background of globalization,if enterprises want to play an important role in the construction of "One Belt And One Road",their international competitiveness must also be improved.In this context,can "One Belt And One Road" enterprises improve their international competitiveness and financial performance by fulfilling their social responsibilities? Such as provide reliable empirical evidence for the problem,or will help to encourage Chinese enterprises to actively fulfill corporate social responsibility,to resolve or avoid problems due to the corporate social responsibility to the risks of Chinese enterprises "going out",improve the international competitiveness,so as to improve financial performance,steady progress was made in the strategy of "area".Therefore,this paper takes the listed companies that actually participate in the business of "one belt and one road" in Shanghai and Shenzhen as research samples,and makes theoretical analysis and empirical research on the relationship between social responsibility,international competitiveness and financial performance of "one belt and one road" listed companies by referring to the existing relevant studies of authoritative scholars.The research contents of this paper are as follows: Firstly,literature collection and theoretical analysis were conducted on the relationship between the variables(corporate social responsibility,international competitiveness and financialperformance)studied in this paper,and the research contents of this paper were found by combining the "One Belt And One Road" initiative.Secondly,collect and sort out available samples,determine the evaluation index system of each variable,collect and sort out data,calculate the variable score,make empirical test and further analysis with regression analysis method,and conduct robustness test.Thirdly,according to the empirical results,the following conclusions are drawn: "One Belt And One Road" listed companies' current social responsibility has a significant positive impact on their current financial performance,and the current social responsibility also has a positive impact on their lagging financial performance.The current social responsibility of "One Belt And One Road" listed companies has a significant positive impact on the current international competitiveness,while the current social responsibility has a positive impact on the lagging international competitiveness.International competitiveness plays a part in mediating the positive impact of CSR on financial performance.Finally,according to the research conclusion,and in combination with the actual situation in China,the countermeasures and Suggestions are drawn :Propel the international coordinated implementation of "One Belt And One Road" CSR;Optimization of corporate social responsibility and international competitiveness of linkage mechanism;Explore international competitiveness into financial performance practice path;Promote the high quality collaborative governance of "One Belt And One Road" and the Yangtze river economic belt.The contribution of this paper is to make an empirical research and analysis on the relationship between CSR and financial performance in the context of "One Belt And One Road" initiative,so as to provide micro-enterprise empirical evidence support for the promotion of "one belt and one road" initiative.To verify the mediating role of international competitiveness in the positive relationship between CSR and financial performance.Of course,this paper also has some deficiencies in the construction of social responsibility indicators and sample collection,which may be omitted,which need to be improved in the follow-up research.