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Analysis on the correlation between corporate social responsibility cost and enterprise value based on stakeholder theory

Yunhong Li, Ling Xia

According to stakeholder theory, corporate social responsibility cost is classified into responsibility cost of shareholders, employees, consumers and business partners, environment and public welfare. This paper investigated the correlation between corporate social responsibility cost and enterprise value. Meanwhile, it took food processing and manufacturing enterprises as the object of empirical investigation, constructing correlation model of social responsibility cost and enterprise value by the method of ordinary least squares. It is noteworthy that the model gives full consideration to hysteresis of corporate social responsibility cost and makes an empirical test of correlation between corporate social responsibility cost and enterprise value, based on which proposals and suggestions about standardizing and improvement of fulfillment as well as information disclosure of corporate social responsibility were presented