Research On The Impact Of Corporate Social Responsibility On Company Value In The Context Of Dual Carbon

In the context of dual carbon,greenhouse gas emissions have once again sparked heated discussions and become a huge challenge to society.As an important part of air pollutants,greenhouse gases are closely related to the governance and development of enterprises,and affect the sustainable development of enterprises.The concept of sustainable development requires enterprises to reasonably assume social responsibilities.Corporate social responsibility can not only improve the competitiveness of enterprises,promote economic growth,but also promote the construction of socialist ecological civilization.More and more countries and regions have begun to attach importance to corporate social responsibility and incorporate it into their legal systems.Corporate social responsibility will not only affect the sustainable development of the company,but also affect the company value.Therefore,this paper attempts to study the impact of corporate social responsibility on the company value in the context of dual carbon.This paper takes Z company as the object to study the impact of its social responsibility on company value under the dual carbon background.Firstly,it summarizes relevant researches and theories at home and abroad and defines relevant concepts.Secondly,on the basis of stakeholder theory,sustainable development theory and information transmission theory,it constructs the "Corporate Social Responsibility-Carbon Emission Intensity-Company Value".Conceptual model.Then,select the relevant data of Z company from 2011 to 2020 to study the impact of Z company’s social responsibility on company value under the dual carbon background.Finally,for further comparative analysis,taking the 2019 Fortune 100 listed companies as the research object,the panel data of listed companies from 2017 to 2019 was selected to study the impact of listed companies’ corporate social responsibility on company value under the dual carbon background.Through case analysis,it is found that:(1)Z company is not very mature in carbon emission disclosure and management;(2)Z company’s corporate social responsibility disclosure tends to be standardized;(3)Z company’s overall corporate social responsibility performance has improved.Comparative analysis found that:(1)company Z’s corporate social responsibility has a positive impact on the company value within a certain range;(2)Z company’s carbon emission intensity does not play a significant role in the relationship between corporate social responsibility and company value,while the sample The undertaking of corporate social responsibility of listed companies will have an impact on company value through carbon emission intensity.From this,it is enlightened that the reasonable undertaking of social responsibility by enterprises is conducive to the growth of company value;it is necessary for the company to realize the low-carbon social responsibility and the realization of the dual-carbon goal of the enterprise by improving the level of carbon emission management.And put forward suggestions from three aspects of corporate governance,social supervision and government supervision.It is expected to help enterprises formulate strategic charters and provide reference for China to propose relevant policies.