Research on the effect of industry regulation on business activity

在企业社会责任活动中，环境投资降低了经济绩效，而参与劳动问题和社会贡献提高了经济绩效；除了经济绩效影响企业社会责任的关系外，还存在企业社会责任影响经济绩效的关系。第四，治理结构是企业社会责任的重要决定因素。第五，大多数股东只关注自己感兴趣的活动，而忽视了整个企业社会责任投资战略。分散的企业社会责任投资比集中的企业社会责任投资能够更有效地改善企业的经济绩效。

First, industry regulations do not have a significant effect on business activity while the pressures by the society expressed as corporate social responsibility (CSR) have a great effect on business activities.Second, among CSR activities, environmental investment decreases economic performance while the engagement in labor issues and social contribution enhances economic performance.Third, there is a relationship that CSR influences economic performance in addition to the relationship that economic performance influences CSR.Fourth, governance structure is the important determinant for CSR.Fifth, most shareholders focus on only the activity that they are interested in but ignore the whole CSR investment strategy.A company can improve economic performance more effectively by dispersed CSR investment than by concentrated CSR investment.