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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

A study on the Influence Mechanism of Social Responsibility Performance on Enterprise Value -- Based on the Intermediary Role of Accounting Conservatism

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DOI: 10.25236/edssr.2020.096

Author(s)

Xinlu Zhao

Corresponding Author

Xinlu Zhao

Abstract

Based on the intermediary role of accounting conservatism, this paper takes A-share listed companies in Shanghai and Shenzhen stock markets as the research object, analyzes theoretically and empirically the mechanism of corporate social responsibility performance on corporate value. The results show that: good social responsibility performance helps to enhance the value of enterprises; corporate social responsibility performance has a positive role in promoting accounting conservatism; accounting conservatism mediates the positive correlation between corporate social responsibility performance and enterprise value. This study provides a new perspective to clarify the relationship between the performance of social responsibility and corporate value, and provides a theoretical basis and decision-making reference for relevant government departments to promote value promotion by guiding enterprises to undertake social responsibility.

Keywords

Social Responsibility, Enterprise Value, Accounting Conservatism