CORPORATE SOCIAL CAPITAL AND CORPORATE PERFORMANCE OF LISTED COMPANIES: TAKING COMMERCIAL CREDIT AS AN MEDIATING VARIABLE

Abstract

     The COVID - 19 virus influence hug problem in people’s health, economic in the society, and risk, because we have to use aimed at curbing the spread of liquidity and activity restrictions. The situation of COVID-19 pandemic is worse than social crisis of 2008, which caused huge job loss and the fall of global GDP. At the meantime, China's listed companies also face extreme challenge than before with less liquidity, less income and higher cost. Based on previous studies, researcher found that the increase of corporate social capital will increase the performance of one company, especially the financial performance. Then, the commercial credit is playing a significant relation between corporate capital of social and the performance in one company.

     During this study, quantitative research methods and questionnaire survey methods were adopted to obtain the original data to measure the corporate social capital, business credit, and Corporate performance of listed companies in China. After research, there are 300 questionnaires were distributed to the managers of China's listed companies and shareholders, and 219 respondents participated and completed the survey properly. In the end, researcher found the demographic factors of respondents including gender, education, length of hours worked, location, and industry of work. the researchers also found that there is an important relationship between corporate social capital, business credit, and firm performance, more importantly, business credit plays a mediating effect between firm performance and capital in the society.