A Study on Determinants of Social Environment (Economy, Politics, Society and Finance) In the Fourth Industrial Revolution

Abstract

The social responsibility of a company is to make social contributions through its management activities. Businesses should strategically build practical links between business and society through social contribution. This is another way in which companies contribute to society. If companies have a vision of contributing to society, business activities themselves should be able to create value in society. Efforts to strengthen social contribution activities by enhancing value are critical, because social responsibility is a channel to realize corporate values and visions. Thus, corporate social responsibility (CSR) and public contribution actions are strategically linked. The point of paper is to examine the correlation between the social environment the Fourth Industrial Revolution and the social responsibility of an enterprise for its corporate value. This study established a research model through a prior study and the results of the study were derived from empirical analysis. The core results of this report are as presents. First, it was shown that corporate social responsibility of public value creation give significant influence on the improving factors of social environment (economy, politics, society and finance) in the Fourth Industrial Revolution. Second, the social environment give significant influence on entrepreneurship in the economic, political and financial situation, but the social situation of the social environment in did not have a significant impact on entrepreneurship. It has been empirically demonstrated by this paper that corporate social responsibility of public value creation is not an investment in the vague worth of the social environment. Thus, an entity can enhance its value in economic, political and financial areas by routinely performing its social responsibilities on the basis of profits generated by its management activities.