Empirical Study on Corporate Social Responsibility and Financial Performance of Listed Companies in Food Industry

Abstract

This paper selected the data of 77 listed companies in the food industry from 2017 to 2019 as samples, using factor analysis, correlation analysis and regression analysis methods, respectively, to investigate the impact of CSR on short-term and long-term financial performance, and whether such impact has a lag effect. The study finds that CSR has a positive impact on both short-term and long-term financial performance. The difference is that the impact on long-term financial performance is more significant than short-term financial performance, and there is no lag effect on short-term financial performance, while long-term financial performance does exist.