The Impact of CSR on Chinese Economic Development
PhD student, Szent István University, Faculty of Economic and Social Sciences, Gödöllő
habil., University Professor, Head of Institute, Szent István University, Faculty of Economic and Social Sciences, Gödöllő, Institute of Business Sciences
PhD student, Jiangxi University of Finance and Economics, Jiangxi, China
Published in: Public Finance Quarterly 2016/4 (p. 500-515.)
SUMMARY: As economy is growing, many problems occur, such as environmental problems. Scholars and government officials begin to focus on the corporate social responsibility (CSR). This paper is to study the relationship between corporate social responsibility (CSR) and Chinese economic development (ED), and this paper wants to provide a reference for the government officials in China and the investors in the capital market. This paper takes two separate research steps to achieve the research objective. Firstly, in order to test the relationship between the level of CSR and the economic development, this paper uses independent-samples T test. Secondly, this paper builds multiple variables linear regression models, and uses the SPSS 22 software to analyze the correlation between CSR and Chinese economic development. As a result, this paper finds that a relatively high level of CSR results in a more objective economic development, on the contrary, the economic development of the time when companies are not willing to take on the corporate social responsibility may be very general.
KEYWORDS: Social responsibility, Economic development, Correlation analysis, Regression analysis
JEL CODES: E01, G39, O16