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The Influence of Social Responsibility on Financial Performance from Stakeholder Perspective

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DOI: 10.23977/acccm.2023.051109 | Downloads: 18 | Views: 343

Author(s)

Lu Anmin 1

Affiliation(s)

1 Krirk University, Bangkok, Thailand

Corresponding Author

Lu Anmin

ABSTRACT

With the development of social economy, people have higher and higher requirements for the social responsibility of enterprises. At present, there is a view that enterprises themselves occupy a lot of social resources, so they need to implement altruistic behavior to a certain extent. While enterprises obtain benefits, they need enterprises to assume social responsibilities for employees and consumers. In the current society, corporate social responsibility to a certain extent affects the reputation of enterprises, which is crucial for the development of enterprises. In the last century, there has been an interaction between corporate social responsibility and financial performance. This paper mainly studies the impact of social responsibility on financial performance from the perspective of stakeholders, hoping to provide some reference for relevant practitioners.

KEYWORDS

Stakeholder; Social responsibility; Financial performance

CITE THIS PAPER

Lu Anmin, The Influence of Social Responsibility on Financial Performance from Stakeholder Perspective. Accounting and Corporate Management (2023) Vol. 5: 57-63. DOI: http://dx.doi.org/10.23977/acccm.2023.051109.

REFERENCES

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