ScholarLens Back to search
2020•Unpublished venueRequires access

Corporate Social Responsibility, Product Market Competition and Financial performance: Evidence from Listed Companies in China

Bing Zhou, Yumeng Li, Zhong-Guo John Zhou

Open publisher page 2 citations

Abstract

This paper explored the impact of corporate social responsibility (CSR) and product market competition (PMC) on the financial performance of listed companies in China, using the panel data of 1,100 Chinese A-share companies listed on the Shanghai and Shenzhen Stock Exchanges over the period from 2009 to 2014. The results show that for listed companies in china: (1) CSR can significantly and positively impact the short-term and long-term financial performance of listed companies in China. (2) PMC can only enhance corporate short-term financial performance, but has a significantly negative impact on corporate long-term financial performance. (3) The synergy between CSR and PMC can significantly and negatively affect both corporate short-term and long-term financial performance.

About this research paper

What this paper is about

This paper explored the impact of corporate social responsibility (CSR) and product market competition (PMC) on the financial performance of listed companies in China, using the panel data of 1,100 Chinese A-share companies listed on the Shanghai and Shenzhen Stock Exchanges over the period from 2009 to 2014. The results show that for listed companies in china: (1) CSR can significantly and positively impact the short-term and long-term financial performance of listed companies in China. (2) PMC can only enhance corporate short-term financial performance, but has a significantly negative impact on corporate long-term financial performance. (3) The synergy between CSR and PMC can significantly and negatively affect both corporate short-term and long-term financial performance.

Why it matters

OpenAlex reports 2 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

This paper explored the impact of corporate social responsibility (CSR) and product market competition (PMC) on the financial performance of listed companies in China, using the panel data of 1,100 Chinese A-share companies listed on the Shanghai and Shenzhen Stock Exchanges over the period from 2009 to 2014. The results show that for listed companies in china: (1) CSR can significantly and positively impact the short-term and long-term financial performance of listed companies in China. (2) PMC can only enhance corporate short-term financial performance, but has a significantly negative impact on corporate long-term financial performance. (3) The synergy between CSR and PMC can significantly and negatively affect both corporate short-term and long-term financial performance.

Key concepts: Business, Corporate social responsibility, China, Competition (biology), Stock exchange, Finance, Product (mathematics), Stock market

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
Corporate Social Responsibility, Product Market Competition and Financial performance: Evidence from Listed Companies in China — Research Paper | ScholarLens