Corporate Social Responsibility (CSR) and Financial Performance: Evidence from China

JIANG, Mengqing (2019) Corporate Social Responsibility (CSR) and Financial Performance: Evidence from China. [Dissertation (University of Nottingham only)]

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Abstract

The relationship between Corporate Social Responsibility (CSR) and Corporate Financial Performance (CFP) from 747 listed firms in China between 2011 to 2018 is examined in the dissertation. Besides, the distributed lag model with fixed effects is specifically adopted in order to identify which factor can improve CFP. In order to ensure the accuracy of the results, a multicollinearity test, heterogeneity test and Hausman test are performed before regression.

The results show that CSR could improve CFP in the short term. Additionally, it seems that better performance of responsibilities for shareholders, creditors, employees, customers and community have a positive impact on current ROA, while there is no evidence to support that ROA is related to CSR for suppliers. Furthermore, the investment of employees and customers are recommended for corporations to improve CFP in the long term.

Keywords: Listed firms in China; enterprise social responsibility (CSR); enterprise financial performance (CFP)

Item Type: Dissertation (University of Nottingham only)
Depositing User: Jiang, Mengqing
Date Deposited: 08 Dec 2022 15:49
Last Modified: 08 Dec 2022 15:49
URI: https://eprints.nottingham.ac.uk/id/eprint/58713

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