TITLE:
Corporate Social Responsibility, Internal Control and Enterprise Value—Based on the Chinese Stock Market
AUTHORS:
Xianjun Gao
KEYWORDS:
Social Responsibility, Enterprise Value, Internal Control, Intermediary Utility
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.7 No.7,
July
11,
2019
ABSTRACT: Taking
China’s A-share listed companies as the research sample, this paper studies the
relationship between corporate social responsibility, internal control and
enterprise value. The research results show that there is a positive correlation
between the corporate social responsibility and the enterprise value. It shows
corporate social responsibility behavior will enhance the enterprise value. At
the same time, the behavior of corporate social responsibility also contributes
to the improvement of enterprise internal control. Internal control has a
partial intermediary role in the process of social responsibility affecting
enterprise value. In that way, the corporate social responsibility can affect
enterprise value by improving enterprise internal control. Further research
shows that compared with the private enterprises, the internal control in the
state-owned enterprises has a more significant partial mediating effect in the
process of corporate social responsibility affecting enterprise value.