Purpose/SignificanceIn recent years, under the background of supply-side reform, listed companies actively undertake and fulfill their social responsibilities. This has not only guiding significance for the improvement of the financial performance level of enterprises, but also practical significance for promoting social harmony and stability.

Method/ProcessBased on previous research and relying on the "reputation theory", this article carries out exploratory studies on the impact of corporate social responsibility behavior and its changes on financial performance under different property rights.

Result/ConclusionThe results of empirical analysis show that social responsibility lagging behind has a significant positive correlation with current financial performance. Current social responsibility has a significant positive correlation with current financial performance, and the changes in corporate social responsibility performance do not significantly affect financial performance. The extended analysis also found that companies with different property rights can improve their financial performance when performing social responsibilities. However, state-owned enterprises are more active than non-state-owned enterprises in their awareness of social responsibilities behavior.