Corporate social responsibility and corporate performance among private enterprises in Hebi City

Abstract

This study, aimed to determine the corporate social responsibility and corporate performance among private enterprises in Hebi City in the year 2021, utilized the survey-correlational research design. The respondents in the study were 427 top managers who were stratified randomly selected from 9172 private enterprises in Hebi City. The results revealed that respondents show significant differences in terms of managers’ age, sex, education background. From the difference analysis, it can be seen that those private enterprise top managers do not understand and practice corporate social responsibility quite well, for the entire environment in Hebi City do not require those private enterprises assuming too much social responsibility except the economic responsibility or the corporate social responsibilities to community. Thus in the correlation analysis, it can be seen that there is not much relationship between corporate social responsibility and corporate performance. This implies that it is essential for businesses, governments, and societies to engage in conversation with one another to improve the understanding and practice of private enterprises assuming corporate social responsibility.