Taylor and Francis Group and Juraj Dobrila University of Pula, Faculty of economics and tourism Dr. Mijo Mirković
Doi
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
