Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics (ICEMSE 2019)

Company Mission Statement, Social Responsibility Fulfillment and Financial Performance

Authors
Deqiang Deng, Haiqin Wei
Corresponding Author
Deqiang Deng
Available Online September 2019.
DOI
10.2991/icemse-19.2019.159How to use a DOI?
Keywords
Mission statement, Social responsibility fulfillment, Financial performance, Stakeholders
Abstract

Mission statement is an important tool for the company to communicate its basic values to stakeholders. It is the cornerstone of the company's management system. The mission statement's focus on stakeholders will guide the company to fulfill its social responsibilities to stakeholders. This will affect the resources obtained from the stakeholders and thus affect the financial performance of the company. Based on the perspective of stakeholders, this paper takes the financial data of the companies with mission statement listed in Fortune (Chinese version) China's top 500 companies in 2018 with A-share as the research object, and studies the relationship between mission statement and financial performance as well as the regulating role of social responsibility in it. The conclusion of the study is that the attention of the mission statement to customers and employees is positively related to the financial performance of the company. The performance of corporate social responsibility and financial performance is positively related, and the performance of other stakeholders is negatively related to financial performance. In addition, social responsibility has a negative regulatory effect on the relationship between mission statement and financial performance.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics (ICEMSE 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
September 2019
ISBN
978-94-6252-796-6
ISSN
2352-5428
DOI
10.2991/icemse-19.2019.159How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Deqiang Deng
AU  - Haiqin Wei
PY  - 2019/09
DA  - 2019/09
TI  - Company Mission Statement, Social Responsibility Fulfillment and Financial Performance
BT  - Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics  (ICEMSE 2019)
PB  - Atlantis Press
SP  - 688
EP  - 691
SN  - 2352-5428
UR  - https://doi.org/10.2991/icemse-19.2019.159
DO  - 10.2991/icemse-19.2019.159
ID  - Deng2019/09
ER  -