Since the global economic crisis in 2008, enterprises have encountered numerous challenges, including the profound impact of the COVID-19 pandemic and the constraints imposed by the emerging dual-carbon era. As companies grapple with industry restructuring and an increasingly competitive environment, the question arises: Is Corporate Social Responsibility (CSR) a reliable variable that guarantees growth, or are there other significant factors at play? This paper delves into the data of manufacturing enterprises in Guangzhou from 2012 to 2022, providing an empirical analysis of the relationship between CSR investment and enterprise growth. The findings indicate that CSR investment positively correlates with enterprise growth, suggesting that CSR can be a crucial strategy for companies aiming to thrive in uncertain markets. This analysis offers valuable insights for businesses, highlighting the importance of integrating CSR into their strategic planning to foster sustainable development and competitive advantage in an ever-evolving economic landscape. The implications of this study underscore the need for companies to consider CSR not merely as a compliance requirement but as a strategic asset that can drive long-term growth and resilience.

Zhang Gang, Josefine De Leon. The Role of Corporate Social Responsibility in the Growth of Listed Companies in Guangzhou. Academic Journal of Business & Management (2024) Vol. 6, Issue 8: 205-210. https://doi.org/10.25236/AJBM.2024.060830.

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