Research On The Impact Of Social Responsibility Disclosure On Financial Performance ——Take Gree Electric As An Example

As China’s economic strength is growing,there are also a series of environmental and social problems.In order to pursue short-term profits,some enterprises use some illegal means to damage the rights and interests of shareholders,creditors,employees,consumers,and other stakeholders.In addition,because our country is in the development period of social responsibility at this stage,there are no relevant requirements on the content,form and quality of corporate social responsibility disclosure.Corporate social responsibility disclosure belongs to corporate voluntary behavior,which leads many listed companies not to disclose social responsibility.With the development of the initiative of "one belt and one road",more and more enterprises in China are involved in the process of globalization.Corporate social responsibility has become an important commercial barrier to enter the international arena,and has become the threshold for enterprises to enter.In order to achieve the great goal of building a harmonious society in China,it requires Chinese enterprises to pay attention to the disclosure of social responsibility.This paper first describes the research background and significance of corporate social responsibility.Then it describes the concept and content of social responsibility at home and abroad,research methods of social responsibility,social responsibility disclosure and the impact of corporate financial performance.The second part summarizes the stakeholder theory,triple bottom line theory,sustainable development theory,reputation theory,and related theories,which provides theoretical basis for the study of corporate social responsibility disclosure and financial performance.In the third part,taking the disclosure level of listed social responsibility of 535 A-share listed companies as independent variable and financial performance as dependent variable,we use multiple regression to analyze the relationship between corporate social responsibility and financial performance.In the fourth part,according to the analysis of the social disclosure of Gree Electric Appliance,we can find out how to disclose the case.The fifth part tests the relationship between the social responsibility disclosure and financial performance.In the sixth part,according to the empirical results and case analysis,we can have a conciusion and make the relevant recommendations of social responsibility disclosure,as well as suggestions based on the perspective of social responsibility to improve Gree’s financial performance.The research of this paper helps Gree Electric Appliance to enhance its disclosure of social responsibility and promote its financial performance.What’s more,it provides better and more indicators for companies involved under the background of the Belt and Road to do likewise.