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Research on Impact of Internet Corporate Social Responsibility on Corporate Financial Performance Based on Linear Regression Model

Received: 14 January 2023     Accepted: 2 February 2023     Published: 14 February 2023
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Abstract

Since China was fully connected to the Internet, the local Internet has continued to grow along with its economic strength, and Internet companies such as artificial intelligence, e-commerce, big data, block chain and electronic payment have risen rapidly. In the process of development, Internet enterprises realize the importance of social responsibility and take the initiative to shoulder social responsibility, and make a lot of contributions to the society. The relationship between social responsibility and the financial performance of Internet companies has always been the focus of academic and research discussions. Based on the linear regression model, innovation capability was introduced to explore the boundary conditions between social responsibility and the financial performance of the companies. An empirical study was conducted using a research sample of listed Internet companies in China from 2018 to 2020. The results show that (1) social responsibility of the Internet corporate has a positive effect on short-term financial performance, (2) Internet corporate social responsibility has a positive effect on the long-term financial performance of enterprises, (3) innovation capability weakens the impact of Internet corporate social responsibility on short-term financial performance, and (4) the influence of innovation capability on the long-term financial performance of Internet companies in social responsibility. The research conclusion provides Internet enterprises with social responsibility strategies and evaluation of long-term and short-term financial performance.

Published in Journal of Finance and Accounting (Volume 11, Issue 1)
DOI 10.11648/j.jfa.20231101.13
Page(s) 26-31
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2023. Published by Science Publishing Group

Keywords

Internet Corporate Social Responsibility, Corporate Financial Performance, Innovation Capability, Linear Regression Model

References
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Cite This Article
  • APA Style

    Liangcan Liu, Hang Ren, Tianhui Chen, Jia Chen. (2023). Research on Impact of Internet Corporate Social Responsibility on Corporate Financial Performance Based on Linear Regression Model. Journal of Finance and Accounting, 11(1), 26-31. https://doi.org/10.11648/j.jfa.20231101.13

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    ACS Style

    Liangcan Liu; Hang Ren; Tianhui Chen; Jia Chen. Research on Impact of Internet Corporate Social Responsibility on Corporate Financial Performance Based on Linear Regression Model. J. Finance Account. 2023, 11(1), 26-31. doi: 10.11648/j.jfa.20231101.13

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    AMA Style

    Liangcan Liu, Hang Ren, Tianhui Chen, Jia Chen. Research on Impact of Internet Corporate Social Responsibility on Corporate Financial Performance Based on Linear Regression Model. J Finance Account. 2023;11(1):26-31. doi: 10.11648/j.jfa.20231101.13

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  • @article{10.11648/j.jfa.20231101.13,
      author = {Liangcan Liu and Hang Ren and Tianhui Chen and Jia Chen},
      title = {Research on Impact of Internet Corporate Social Responsibility on Corporate Financial Performance Based on Linear Regression Model},
      journal = {Journal of Finance and Accounting},
      volume = {11},
      number = {1},
      pages = {26-31},
      doi = {10.11648/j.jfa.20231101.13},
      url = {https://doi.org/10.11648/j.jfa.20231101.13},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20231101.13},
      abstract = {Since China was fully connected to the Internet, the local Internet has continued to grow along with its economic strength, and Internet companies such as artificial intelligence, e-commerce, big data, block chain and electronic payment have risen rapidly. In the process of development, Internet enterprises realize the importance of social responsibility and take the initiative to shoulder social responsibility, and make a lot of contributions to the society. The relationship between social responsibility and the financial performance of Internet companies has always been the focus of academic and research discussions. Based on the linear regression model, innovation capability was introduced to explore the boundary conditions between social responsibility and the financial performance of the companies. An empirical study was conducted using a research sample of listed Internet companies in China from 2018 to 2020. The results show that (1) social responsibility of the Internet corporate has a positive effect on short-term financial performance, (2) Internet corporate social responsibility has a positive effect on the long-term financial performance of enterprises, (3) innovation capability weakens the impact of Internet corporate social responsibility on short-term financial performance, and (4) the influence of innovation capability on the long-term financial performance of Internet companies in social responsibility. The research conclusion provides Internet enterprises with social responsibility strategies and evaluation of long-term and short-term financial performance.},
     year = {2023}
    }
    

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  • TY  - JOUR
    T1  - Research on Impact of Internet Corporate Social Responsibility on Corporate Financial Performance Based on Linear Regression Model
    AU  - Liangcan Liu
    AU  - Hang Ren
    AU  - Tianhui Chen
    AU  - Jia Chen
    Y1  - 2023/02/14
    PY  - 2023
    N1  - https://doi.org/10.11648/j.jfa.20231101.13
    DO  - 10.11648/j.jfa.20231101.13
    T2  - Journal of Finance and Accounting
    JF  - Journal of Finance and Accounting
    JO  - Journal of Finance and Accounting
    SP  - 26
    EP  - 31
    PB  - Science Publishing Group
    SN  - 2330-7323
    UR  - https://doi.org/10.11648/j.jfa.20231101.13
    AB  - Since China was fully connected to the Internet, the local Internet has continued to grow along with its economic strength, and Internet companies such as artificial intelligence, e-commerce, big data, block chain and electronic payment have risen rapidly. In the process of development, Internet enterprises realize the importance of social responsibility and take the initiative to shoulder social responsibility, and make a lot of contributions to the society. The relationship between social responsibility and the financial performance of Internet companies has always been the focus of academic and research discussions. Based on the linear regression model, innovation capability was introduced to explore the boundary conditions between social responsibility and the financial performance of the companies. An empirical study was conducted using a research sample of listed Internet companies in China from 2018 to 2020. The results show that (1) social responsibility of the Internet corporate has a positive effect on short-term financial performance, (2) Internet corporate social responsibility has a positive effect on the long-term financial performance of enterprises, (3) innovation capability weakens the impact of Internet corporate social responsibility on short-term financial performance, and (4) the influence of innovation capability on the long-term financial performance of Internet companies in social responsibility. The research conclusion provides Internet enterprises with social responsibility strategies and evaluation of long-term and short-term financial performance.
    VL  - 11
    IS  - 1
    ER  - 

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Author Information
  • School of Business Administration, Guizhou University of Finance and Economics, Guiyang, China

  • School of Business Administration, Guizhou University of Finance and Economics, Guiyang, China

  • School of Business Administration, Guizhou University of Finance and Economics, Guiyang, China

  • School of Business Administration, Guizhou University of Finance and Economics, Guiyang, China

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