An Empirical Study on the Impact of Social Responsibility on Financial Performance of Pharmaceutical Manufacturing Enterprises
DOI:
https://doi.org/10.54097/ajmss.v4i3.12389Keywords:
Pharmaceutical Manufacturing Enterprises, Community Responsibility, Financial Performance, Structural Equation ModelAbstract
To strengthen the supervision of medical safety, we must be strict, with the most rigorous standards, the most stringent supervision, the most severe punishment, the most serious accountability, and strengthen unity and authority. This paper selects the data of pharmaceutical manufacturing listed companies from 2018 to 2022 as a sample, puts forward the hypothesis of the impact of enterprises ' active social responsibility on their financial performance, and establishes a structural equation model to verify the hypothesis. The results show that the impact of corporate social responsibility on financial performance is different, and the main impact on financial performance is to fulfill social responsibility to partners, shareholders and society.
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