Author(s)

Mengyue Xu ¹

Affiliation(s)

¹ University of Toronto, Toronto, Canada M4Y1M7, Canada

Corresponding Author

Mengyue Xu

ABSTRACT

From the perspective of social responsibility, corporate financial management, as the focus of various corporate interests, is facing strong challenges. Corporate financial goals, financial governance, financial policies, financial evaluation, financial reports, and balanced scorecards will also Revolutionary changes have taken place. Corporate financial theory and practice must be changed accordingly, and corporate social responsibility must be regarded as an important content of corporate financial management. In the fierce market competition environment, many enterprises ignore social responsibility problems while expanding their scale, such as environmental pollution, poor working conditions of employees, etc. the existence of these problems will not only affect the sustainable development of enterprises to a great extent, but also have an adverse impact on the construction of a socialist harmonious society. In the past, the financial management mode of “shareholders first” in enterprises has been unable to adapt to the development of today's society. Therefore, it is imperative to reform corporate social responsibility and financial management. This is not only a question of realistic choice, but also a question to be studied in theory and given a clear answer. In order to build a harmonious society that takes both fairness and efficiency into consideration, maximizing the interests of all stakeholders of an enterprise has become an important feature of corporate financial management under the current situation. Enterprises should assume social responsibility and build new corporate finance based on stakeholder theory. Management objective system.

KEYWORDS

Stakeholder theory, Social responsibility, Financial management, Target system

CITE THIS PAPER

Mengyue Xu, Corporate Social Responsibility and Financial Management Reform Based on Stakeholder Theory. Accounting and Corporate Management (2022) Vol. 4: 1-5. DOI: http://dx.doi.org/10.23977/acccm.2022.040101.

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