Corporate Social Responsibility Regulatory System Based on Sustainable Corporation Law Pathway

Shanshan Yao ()
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Shanshan Yao: School of Business, Henan University of Science and Technology, Luoyang 471000, China

Sustainability, 2023, vol. 15, issue 2, 1-17

Abstract: Whether an enterprise has a positive attitude towards social responsibility and whether it takes actions to assume social responsibility is very important to its sustainable development. The act of not taking social responsibility is not only an important reason for the lack of long-term development of enterprises, but also a key problem that hinders China’s further promotion of sustainable economic development. Therefore, it is very necessary to implement the corporate social responsibility regulatory system. The purpose of this paper is to examine the link between corporate social responsibility regulation and sustainable corporation law pathways. In order to explore this relationship and whether the two support each other, a TOPSIS-grey relational analysis is proposed. The experimental results of this paper show that the use of grey relational analysis (GRA) can evaluate whether the sustainable corporation law pathway has an impact on the practice of corporate social responsibility, and the accuracy rate is as high as 85%. The relationship between sustainable corporation law and corporate social responsibility is complementary, and the relationship between the two has reached more than 80%. Based on the path of sustainable corporation law, through the implementation of the regulatory system, enterprises can better undertake social responsibilities, thus promoting the comprehensive, sustainable and healthy development of enterprises. Only based on the principles of the sustainable corporation law pathway can businesses get better and better.

Keywords: corporate social responsibility; grey relational analysis; sustainable corporation law pathway; regulatory system (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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