Author(s)

Li Ruirui

Corresponding Author

Li Ruirui

Abstract

Based on the sample of listed companies, this paper empirically analyzed the cross-temporal interaction between corporate social responsibility and financial performance by using the fixed effect model regression method. And the impact of the nature of property rights and ownership concentration on the relationship between them. The research results show that the corporate social responsibility of the first phase has a significant positive impact on the current financial performance, and the financial performance of the first phase has a significant positive impact on the current social responsibility. Listed companies have different impacts on the financial performance of the society in fulfilling corporate social responsibility, but they have shown positive effects during the three periods of lag, indicating that there is a lag effect.

Keywords

Social Responsibility, Financial Performance, Hysteresis Effect