skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

The effects of heterogeneous CSR on corporate stock performance: evidence from COVID-19 pandemic in China

Humanities & social sciences communications, 2024-12, Vol.11 (1), p.499-13 [Peer Reviewed Journal]

The Author(s) 2024. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;EISSN: 2662-9992 ;DOI: 10.1057/s41599-024-03001-9

Full text available

Citations Cited by
  • Title:
    The effects of heterogeneous CSR on corporate stock performance: evidence from COVID-19 pandemic in China
  • Author: Li, Yunhe ; Shen, Xinyi ; Zhang, Fang
  • Subjects: Capital markets ; COVID-19 ; Influence ; Pandemics ; Public health ; Rates of return ; Reputation management ; Securities markets ; Social responsibility ; Stakeholders ; Stock exchanges ; Volatility
  • Is Part Of: Humanities & social sciences communications, 2024-12, Vol.11 (1), p.499-13
  • Description: Corporate social responsibility (CSR) could be an effective risk-alleviating tool for companies. However, an important issue is whether CSR plays a risk-alleviating role in large negative shocks such as the COVID-19 pandemic. This study investigated the impact of corporate social responsibility on stock performance in China during the COVID-19 pandemic, focusing on the differing effects of strategic and responsive CSR. By analysing daily data on newly confirmed COVID-19 cases and the stock performance of A-share listed companies during the lockdown period in 2020, we find that CSR can significantly mitigate the negative effects of the pandemic on stock returns and recovery. Specifically, responsive CSR has a significant short-term moderating effect, whereas strategic CSR has a significant long-term moderating effect. The moderating effects of CSR are more pronounced among non-state-owned firms, firms with lower financial leverage, and large companies. These findings suggest that companies can reduce short- and long-term risks by strategically using responsive and strategic CSR in response to negative shocks in global economies.
  • Publisher: London: Palgrave Macmillan
  • Language: English
  • Identifier: EISSN: 2662-9992
    DOI: 10.1057/s41599-024-03001-9
  • Source: Coronavirus Research Database
    ProQuest Central
    DOAJ Directory of Open Access Journals
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait