An Empirical Study on the Impact of Corporate Social Responsibility on Financial Performance in Financial Enterprises

Abstract

As society advances, corporate social responsibility (CSR) has garnered substantial scholarly attention. This article aims to explore the impact mechanism of financial CSR on its financial performance. The research adopted an empirical research method and conducted an in-depth study of the panel data of 71 listed financial companies in China from 2013 to 2020. This study focuses on the specific impact of financial CSR on financial performance, and further explores the mediating role of corporate reputation in the relationship between the two. The research results show that the social responsibility practices of financial enterprises significantly improve their financial performance, and corporate reputation plays a mediating role in the relationship between the two. The research conclusions not only provide new perspectives and methods for the management practices of financial enterprises , and also provides policy makers with a theoretical basis to promote the effective implementation of CSR.