Can the High Quality of Internal Control Promote the Fulfillment of Corporate Social Responsibility in Energy Enterprises

Abstract

It's an inherent requirement for the energy enterprises to effectively fulfill their corporate social responsibility in order to realize their sustainable development along with the society. Taking the listed corporations in energy industry as the research samples, this paper analyzed the influence of internal control quality on corporate social responsibility. The study drew the following conclusions: Based on the stakeholder theory, the fulfillment of energy enterprises' social responsibility could be evaluated from various levels, like shareholders, government, customers and employees. The high quality of internal control significantly promoted the fulfillment of corporate social responsibility in the levels of shareholders and government, but it was not so significant in the levels of customers and employees. These conclusions have provided theoretical guidance for the energy enterprises to upraise their internal control quality and to facilitate their fulfillment of corporate social responsibility in view of different stakeholders. Besides, direct evidence support has also been offered for the practical application of "Application Guidance for Enterprise Internal Control-Social Responsibility" and "Operation Guidance for the Internal Control of Petroleum and Petrochemical Industry".