The Relationship Between Social Responsibility,Technological Innovation And Corporate Performance Of Pharmaceutical Companies

In recent years,China has slowed down the speed of economic development and made progress in stable economic development.The new normal brought by diversified economic growth power and continuously optimized economic structure not only provides opportunities for enterprises,but also brings great challenges.Enterprises need to constantly improve the level of scientific and technological innovation,build core competitiveness and brand effect,seize market share and win in fierce competition.However,as the main body of the market,enterprises should not“kill the goose to lay the egg”and ignore the long-term social benefits.The existing research involves less research on the social responsibility,technological innovation and corporate performance of the pharmaceutical industry.In view of the great practical significance of the performance of social responsibility by pharmaceutical companies,this paper focuses on the impact of the performance of social responsibility in the pharmaceutical industry on corporate performance and the role of technological innovation.Starting with the pharmaceutical industry where Watson biology is located,based on the general description of the basic situation of the whole industry and the analysis of the motivation for the performance of social responsibility,this paper selects Watson biology Shandong illegal vaccine incident as the starting point to analyze the impact of this incident on the stock price of the enterprise;Then,based on the stakeholder theory,this paper deeply analyzes the impact of enterprises’ fulfilling the responsibilities of shareholders,consumers,government and employees on enterprise performance,as well as the promoting role of technological innovation in the process of enterprise performance improvement;Then use Watson biology’s financial data from 2012 to 2020 to analyze the growth ability and business risks of the enterprise and investigate its future development potential.We found that the more enterprises actively fulfill the responsibilities of stakeholders,the more they will strengthen technological innovation,which will affect the benefits of enterprises.Only by continuously reducing risks can enterprises maintain the stability of operation.Finally,it puts forward corresponding system improvement suggestions from the three levels of state,society and enterprises,guides enterprises to increase innovation,better fulfill social responsibilities,realize the symbiosis and coordinated development of economic responsibility and social responsibility,and contribute to the construction of ecological civilization in China!...