The impact of CSR and green investment on stock return of Chinese export industry. Issue 1 (31st December 2022)

• Record Type: Journal Article
• Authors: Li, Zeyun; Wei, Siao-Yun; Chunyan, Liang; N. Aldoseri, Mahfod Mobarak; Qadus, Abdul; Hishan, Sanil S.
• Is Part Of: Ekonomska istraživanja. Volume 35:Issue 1(2022)
• Page Start: 4971
• Page End: 4987
• Publication Date: 2022-12-31
• Subjects: Corporate social responsibility -- green investment -- green credit -- stock return -- sustainable business environment; M14 -- E51 -- D53; Economics -- Research -- Periodicals; Economics -- Research; Electronic journals; 330.072
• DOI: 10.1080/1331677X.2021.2019599
• Languages: English
• ISSNs: 1331-677X

Abstract

Abstract: A green and sustainable business environment has gained the attention of recent researchers and policymakers due to environmental and social issues globally. Therefore, the present research investigates the impact of corporate social responsibilities (CSR), green investment, green credit, and assets return on the stock return of the Chinese export industry. This study has taken the ten top export companies from China using the database of the Shanghai stock exchange. This study collected data from financial statements and stock exchange databases from 2009 to 2020. This study has used panel data analysis techniques such as robust standard error and fixed effect model (FEM) to examine the relations among the variables. The results revealed that CSR, green investment, green credit, and return on assets have a significant and positive association with the stock return of selected industries. These results imply that CSR instigates higher financial performance in the export industry; thus, improving CSR and sustainable financing promote socio-economic and societal development.