Volume 37 Issue 5
Sep.  2022
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JIAN Guan-qun. Theoretical and Framework Construction of Corporate Participation in Achieving Common Prosperity[J]. Journal of Guangdong University of Finance & Economics, 2022, 37(5): 31-42.
Citation: JIAN Guan-qun. Theoretical and Framework Construction of Corporate Participation in Achieving Common Prosperity[J]. Journal of Guangdong University of Finance & Economics, 2022, 37(5): 31-42.

Theoretical and Framework Construction of Corporate Participation in Achieving Common Prosperity

  • Received Date: 2021-11-29
    Available Online: 2022-10-12
  • Publish Date: 2022-09-28
  • There is an essential difference between enterprise participation in achieving common prosperity and the performance of traditional corporate social responsibility. This study traces the ontology, epistemology and value theory of corporate participation in achieving common prosperity, so as to explore the origin logic and realization framework for enterprises to assume social responsibility at each stage. Theoretical analysis and case inspection show that the essence of common prosperity is relational investment, with development, sharing and sustainability as its aims; corporate participation in the achievement of common prosperity requires a symbiotic relationship between enterprises and their stakeholders, premised on the theory of community; the value of corporate participation in achieving common prosperity is the result of corporate fulfillment of social responsibility at all levels, which is reflected in the value functions of different stakeholders within the community; the promotion of implementation of the value requires the joint creation of conditions by stakeholders in government, society and the market, as well as the mutual promotion of formal and informal systems. The findings have implications for the construction of a dynamic mechanism for enterprises to participate in the achievement of common prosperity and the implementation of the concept of shared development.
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