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Research on the Influencing Factors of Enterprise EPS: Based on the Panel Data of Listed Companies

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DOI: 10.25236/icfmhss.2023.009


Lingying Zhang, Jie Liu

Corresponding Author

Jie Liu


In recent years, with the rapid growth of China's economy, the competition among various enterprises in different markets has become more and more stimulating. However, many enterprises ignore the social responsibility they should take while competing with other competitors around their own interests. Based on stakeholder theory, agency theory, and signaling theory, this paper classifies corporate social responsibility into four categories: government, investors, employees, and suppliers, and characterizes corporate value by EPS value, applying the publicly disclosed financial data of 3614 companies listed and traded in Shanghai and Shenzhen exchanges in 2019 for empirical analysis. This paper finds that CSR has a significant impact on corporate value, but there are some differences in the impact of each social responsibility on corporate value.


Social responsibility, Corporate value, An empirical study, Multiple linear regression