A Study on Relation of Corporate Social Responsibility and Corporate Financial Performance or Corporate Value: Empirical Evidence from Listed Real Estate Companies
Lingling Ding

Abstract
By using 112 listed real estate companies in 2012, I did research on relationship between corporate social responsibility (CSR) and corporate financial performance or corporate value. The more of the CSR activities for the government, employees and creditor a corporate undertook, the more the financial performance was. The more of the CSR activities for the consumers a corporate undertook, the more the corporate value was. In 2012, the CSR activities for other stakeholders a corporate undertook didn’t have obvious influence on financial performance or corporate value. However, in the long run, CSR activities will increase financial performance or corporate value. In addition, CSR activities can reduce the risk of gaining or losing business critical resources, which are beneficial for the sustainable development of enterprises.

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