关键词: 政治关联, 企业社会责任, 企业财务绩效

Abstract: Taking the listed companies in the coal industry from 2010 to 2016 as the research samples, the regression analysis method was used to conduct an empirical study on the relationship between corporate social responsibility and financial performance. Moreover, the company is divided into political connection enterprises and non-political connection enterprises to explore the impact of political connections on the relationship between corporate social responsibility and financial performance. The results show that: the level of corporate social responsibility has a positive effect on the financial performance; the financial performance of the enterprise has a positive effect on the level of social responsibility; the positive interaction between social responsibility and financial performance of political connection enterprises is stronger than that of non-political connection enterprises.