The impact of corporate social responsibility on financial performance: The case of internet-based enterprises in China Zandi Gholam Reza1,*, Shan Liang1, Zaini Syeliya Md2 1Universiti Kuala Lumpur (UniKL) Business School, Malaysia 2Faculty of Accountancy, Universiti Teknologi MARA, Cawangan Selangor Kampus Puncak Alam, Selangor *Corresponding author: zandi@unikl.edu.my (ORCID ID: 0000-0001-9517-8474)
Online Published on 19 January, 2024. Abstract With the development of the economy and society, enterprises are no longer just profit organizations. They need to meet the demands of people to fulfill their social responsibilities. The development of Corporate Social Responsibility in China has only been more than a decade, and it is still in the initial exploration stage. Most companies initially adopted a wait-and-see attitude towards it. This article will take the perspective of listed internet companies in China and construct a social responsibility evaluation index system to empirically analyze the relationship between social responsibility and financial performance of internet-based companies. It will explore whether the cost of Corporate Social Responsibility will have a negative impact on their economic benefits. Based on this, it will help internet-based companies correctly understand the important position of social responsibility in their management system and enhance their awareness of actively taking social responsibility. Highlights • This article will create a social responsibility evaluation index system for listed Chinese internet companies to scientifically analyse the relationship between social responsibility and financial performance. • It will examine whether Corporate Social Responsibility costs will reduce their economic benefits. Top Keywords Corporate Social Responsibility, Internet-based Enterprise, Financial Performance. Top |