Effect of corporate social responsibility on the stock price synchronicity in China

被引：0
|
作者：
Rahman, Md. Jahidur [1 ]
Xu, Zeren [2 ]
机构：
[1] Wenzhou Kean Univ, Coll Business & Publ Management, Wenzhou, Peoples R China
[2] Wake Forest Univ, 1834 Wake Forest Rd, Winston Salem, NC 27109 USA
来源：
INTERNATIONAL JOURNAL OF MANAGERIAL AND FINANCIAL ACCOUNTING | 2024年 / 16卷 / 02期
关键词：
corporate social responsibility; CSR; stock price synchronicity; China; INFORMATIVENESS; OWNERSHIP; MARKETS;
D O I：
10.1504/IJMFA.2024.137623
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The purpose of this paper is to discover the possible relationship incurred between corporate social responsibility (CSR) and stock price synchronicity in China. A regression model is constructed for the empirical test on a sample of 9,787 firm-year observations from Chinese A-listed firms from 2011 to 2020. Results show a positive relationship between CSR and stock synchronicity, which is robust to alternative variables and have no multi-collinearity problem. This study can guide investors and managers in socially responsible investment decision making in the Chinese stock market.
引用
收藏
页码：180 / 195
页数：17
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