CSR Evaluation System을 이용한 중국기업의 CSR과 재무적 성과에 관한 연구

In 2005, Hu Jintao announced the "Harmonious Society" as a governmental policy. As aresult, CSR of Chinese enterprises and enterprise policy became a new direction ofdevelopment. Therefore we examined empirically investigates the relationship betweencorporate social responsibility (CSR) and corporate financial performance (CFP) of Chinesefirms by using 474 Chinese listed firms in Shanghai and Shenzhen Stock exchange in 2011. Our results shown that there is no relationship between CSR Evaluation variables and CFP,except content evaluation variable. Nevertheless, we found no relationship between CSR andCFP, there has been an increase in the level of awareness among the Chinese people andthe government has increased regulation, as a result of the open market in China. Thereforeglobal company shall need to consider about CSR activities in China.