Research on the Relation between Corporate Social Responsibility Practice and Financial Performance under the Low Carbon Economy — From the Case Analysis of CNPC

Abstract:

This thesis is focused on the relationship between the low-carbon performance indicator and financial performance indicator of the oil enterprise with social responsibility from the case of the CNPC. In the short run, the role of environment protection assumed by the oil enterprise will cause the extra cost and subsequent lower financial performance. After the correlation analysis of CSR report of CNPC from 2006 to 2011, the result shows that taking social responsibility, developing low-carbon economy, improving the efficiency of energy utilization and cleaning the energy structure will bring positive influence on the enterprise financial performance. Therefore, in the long run, there is a significant correlation between the low-carbon performance indicator and financial performance.

• Periodical: Advanced Materials Research (Volumes 734-737)
• Pages: 2041-2046
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.734-737.2041
• Online since: August 2013
• Authors: Hong Wang, Deng Hui Xie, Qi Jie Chen
• Keywords: China National Petroleum Corporation (CNPC), Corporate Social Responsibility (CSR), Financial Performance, Low-Carbon Economy (LCE)

References

[1] J.Griffin, J.Mahon, in: The corporate social performance and corporate financial performance debate: Twenty-five years of incomparable research, Business and Society, 36(1),pp.5-31, (1997)

DOI: 10.1177/000765039703600102

[2] Mitnick, B.M., in: Commitment, revelation, and the testaments of belief: the metrics of measure of corporate social performance, Business and Society, Vol.39, pp.419-465, (2000)

DOI: 10.1177/000765030003900405

[3] Chin Hung Lin, Ho Li Yang, in: The Impact of Corporate Social Responsibility on Financial Performance:Evidence from Business in Taiwan, Technology in Society, pp.56-63, (2009)

DOI: 10.1016/j.techsoc.2008.10.004

[4] Chuanjing Liu, in: Blocking Elements of Low Carbon Economy Development and the Choice of Chinese Low Carbon solution, Jilin University Journal of Social Science, Vol.3, pp.146-152, (2010) (in Chinese)

[5] Qunhui Huang, Huagang Peng, Hongwu Zhang, En Zhang, in: Evaluating the Level of Responsibility Management and CSR Information Disclosure of Top 100 Companies in china, China Industrial Economics, Vol.10, pp.23-25, (2009)(in Chinese)

[6] Jiawei Yang, in: The Game Analysis of Government Subsidies in Low Carbon Economy, Commercial Research, pp.108-109, (2010)(in Chinese)

[7] Ruixue Yang, in: Petrochemical Enterprises Competitiveness Evaluation and Case Study, Beijing University of Chemical Technology, pp.22-23, (2007) (in Chinese)

[8] Jiajing Chen. Petroleum enterprise social responsibility evaluation index system, The Southwest University of Petroleum, Vol.4, p.2, (2009) (in Chinese)

[9] Zheng Li, in: A Study on Relation of Corporate Social Responsibility and Corporate Value:Empirical Evidence from Shanghai Securities Exchange, China Industrial Economy, Vol.2, pp.77-83, (2006) (in Chinese)

[10] The Corporate Social Responsibility Report of CNPC from 2006 to (2011)

[11] Information on http://www.cnpc.com.cn

[12] Information on http://finance.sina.com.cn/stock