| The electric power industry is an important part of the energy industry.This requires electric power companies to continuously improve labor productivity and economic benefits,realize the value-added of state-owned assets,and realize the sound and rapid development of the national economy.Make its due contributions by making contributions,strengthening the implementation of environmental protection and energy saving,promoting the development of advanced culture,and maintaining social stability.In most of the current studies,scholars’ measurement of financial performance is mainly based on traditional financial analysis indicators,which lacks innovation and deviates from social responsibility.Based on a large number of domestic and foreign literature and other research materials,this article first sorts out the research status of social responsibility,as well as related basic theoretical research.Based on this,this article combines the characteristics of the power industry to analyze the factors that affect the relevance of listed companies’social responsibility and financial performance,and uses content analysis and hierarchical responsibility theory to establish a unique and innovative set of targets for the power industry.A comprehensive social responsibility evaluation index system includes 12 secondary indicators in eight categories:shareholder responsibility,production responsibility,safety responsibility,environmental responsibility,employee responsibility,social responsibility,service responsibility and innovation responsibility.Subsequently,this paper uses the network analytic method to determine the weight of the social responsibility indicators of the system,gathers the opinions of various expert groups,and scores the value of the measurement indicators of each criterion layer to form the corresponding social responsibility score of each company.The financial performance evaluation indicator,Economic Value Added(EVA),which can overcome shortcomings and is closely integrated with social responsibility,is selected to measure financial performance.Later,six models were established to assume the relationship between social responsibility and financial performance,including the consideration of lag.Data statistics were used for descriptive statistics,correlation analysis,and regression analysis.The results obtained were consistent with the actual situation of the project and proved the indicators constructed in this paper.The system and evaluation model have certain application value in the social responsibility evaluation of the power industry.This article concludes that the social responsibility performed by electric power companies is positively related to the financial performance of the company.The performance of corporate social responsibility does not cause a decline in the value-added of the company’s economy,but instead changes in a positive proportion.This shows that the performance of social responsibility and Will not inhibit the economic development of enterprises.The corresponding improvement in financial performance will provide a solid economic foundation for social responsibility.Based on the conclusions,we analyzed the reasons and provided relevant policy suggestions on how the power companies can better fulfill their social responsibilities.This paper mainly researches the innovation of related theories and methods from two aspects.First,this article establishes a set of indicator systems that meet the social responsibility of the power industry,and analyzes and explains each indicator in detail.Secondly,this paper selects the financial performance evaluation indicator economic value added(EVA)that can overcome the shortcomings and closely integrate with social responsibility to measure social responsibility and financial performance,which is more practical.Third,whether there is a lag effect in the correlation between the two is studied.It can provide theoretical reference for the company to fulfill its social responsibility. |
