Research on the Influence of Enterprise Social Responsibility on Financial Performance of Pharmaceutical Companies

DOI

10.2991/aebmr.k.191217.107How to use a DOI?

Keywords

Enterprise social responsibility, Financial performance, Externality, Pharmaceutical enterprise

Abstract

The purpose of the enterprise is to pursue profits, and the enterprise social responsibility plays an important role in social development, so the fulfillment of enterprise social responsibility and the purpose of pursuing profits to a certain extent is contradictory. Especially, the social responsibility of pharmaceutical enterprises has a more significant impact on the society. Therefore, this paper takes the data of 160 pharmaceutical enterprises in A-shares in 2017 as samples and adopts multiple regression to analyze the impact of ESR on financial performance. It finds that the fulfillment of ESR has a negative effect on short-term financial performance and a positive effect on long-term financial performance.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yu-rong Guan
AU  - Kun-peng Zhou
AU  - Si-chen Zhou
PY  - 2019
DA  - 2019/12/20
TI  - Research on the Influence of Enterprise Social Responsibility on Financial Performance of Pharmaceutical Companies
BT  - Proceedings of the 2019 International Conference on Economic Management and Cultural Industry (ICEMCI 2019)
PB  - Atlantis Press
SP  - 588
EP  - 592
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.191217.107
DO  - 10.2991/aebmr.k.191217.107
ID  - Guan2019
ER  -