A Research on the Impacts of Corporate Social Responsibility for Financial Performance in China's Food Industry

One of the reasons why companies do not pay attention to social responsibility is that corporate managers cannot clarify whether Corporate Social Responsibility (CSR) has a positive impact on their financial performance. The food safety problem in recent years has also enabled the public to re-examine the social responsibility of enterprises. There is more and more academic research on CSR but there are different views in the world on whether CSR can effectively improve financial performance. The purpose of this paper is to study whether there is a correlation between CSR and financial performance. Based on the original research sample of 77 A-share food and beverage production and processing listed companies in Shanghai and Shenzhen from 2015 to 2017, multiple linear regression analysis was conducted.