Corporate Social Responsibility Disclosure, Market Supervision, and Green Investment

Jason, Z.; Huang, Hung-Yi; Zhu, Qi; Shen, Xixi

doi:10.1080/1540496x.2022.2082868

Cited by 8 publications

(5 citation statements)

References 29 publications

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“…For example, green technology innovation (Wu and You 2021 ; Wen 2023 ), management’s attention to climate change (Jung and Song 2023 ), disclosure of social responsibility (Ma et al. 2022 ), the low-carbon transformation of enterprises (Zheng et al. 2022 ), disclosure of corporate climate risks (Lin and Wu 2023 ), etc.…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of green financial development on stock price crash risk from the perspective of information asymmetry in Chinese listed companies

Zhang

Ding

2023

Environ Sci Pollut Res

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Solving the crash risk problem of corporate stock price caused by information asymmetry can mitigate the negative externality of its carbon emission to become green, low-carbon, and high-quality development. Green finance generally profoundly impacts micro-corporate economics and macro-financial systems but remains a giant puzzle of whether they can effectively resolve the crash risk. This paper examined the impact of green financial development on the stock price crash risk using the sample data of non-financial listed companies in Shanghai and Shenzhen A stock market in China from 2009 to 2020. We found that green financial development significantly inhibits the stock price crash risk; this is more obvious in listed companies with a high level of asymmetric information. And companies in high-level regions of green financial development attracted more attention from institutional investors and analysts. As a result, they disclosed more information about their operational status, thus reducing the crash risk of corporate stock price from the torrential public pressure of lousy environmental details. Therefore, this study will help continuously discuss the costs, benefits, and value promotion of green finance for synergy between corporate performance and environmental performance to improve ESG capabilities.

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Section: Literature Reviewmentioning

confidence: 99%

The impact of green financial development on stock price crash risk from the perspective of information asymmetry in Chinese listed companies

Zhang

Ding

2023

Environ Sci Pollut Res

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“…They should develop integrated marketing programs and meaningful relationships with the relevant stakeholders. Companies should consider the effects of their marketing and business actions not only on their stakeholders but also on the society at large (Ma, Huang, Zhu, & Shen, 2022).…”

Section: Marketing Realities In Social Responsibilitymentioning

confidence: 99%

The New Marketing Realities and the Major Marketing Forces

Mandal

2023

Journal of Business Ecosystems

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Companies and businesses operate in a competitive environment. Market forces are shaping new marketing realities for companies. The objective of the study is to conduct an analysis of the various aspects of the market forces viz. technology, globalization, physical environment, and social responsibility, and how these forces are shaping the new marketing realities. The methodology adopted is a conceptual analysis of the various aspects of the market forces and the new marketing realities. Companies adopt initiatives and strategies to convert the challenges into opportunities. Academicians may analyze and suggest effective ways to understand the market forces and the new marketing realities. Companies and practicing managers may analyze how the market forces are shaping the marketing realities and the marketing landscape. They should adopt strategies and initiatives which help them to achieve business excellence in the long run.

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“…Inovasi dapat merangsang investasi dalam teknologi energi hijau sehingga merangsang kinerja ekonomi perusahaan melalui dua saluran, yaitu meningkatkan pendapatan dan mengurangi biaya (Ma, Huang, Zhu, & Shen, 2022) Namun, berbeda dengan temuan Wang et al (2018) yang menjelaskan bahwa green investment akan menurunkan profitabilitas dan kinerja berkelanjutan karena perusahaan harus mengeluarkan lebih banyak biaya untuk green investment. Cheng et al (2022) menjelaskan bahwa kinerja keuangan menjadi tolak ukur keberhasilan suatu perusahaan dalam kegiatan operasional.…”

Section: Pendahuluanunclassified

Pengaruh Inovasi Terhadap Profitabilitas Perusahaan Sektor Industri Energi Di Indonesia

Chandra,

Sumani

2023

j. akunt.

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Keberlanjutan menjadi isu penting yang terus digencarkan melalui berbagai kegiatan seperti CSR dan green investment. Penelitian ini bertujuan untuk meneliti, mengkaji, dan menjelaskan pengaruh inovasi terhadap profitabilitas perusahaan industri energi melalui mediasi kegiatan CSR dan green investment. Data yang digunakan dalam penelitian ini merupakan data sekunder yang didapatkan dari Bursa Efek Indonesia (BEI). Populasi dalam penelitian ini adalah 76 perusahaan industri energi yang terdaftar di Bursa Efek Indonesia (BEI) pada periode tahun 2019-2021. Dari populasi tersebut, sebanyak 24 perusahaan industri energi memenuhi kriteria penelitian. Pengolahan data dilakukan melalui software SmartPLS versi 3.2.9. Pengujian dilakukan melalui uji inner model yang bertujuan untuk menguji hubungan variabel eksogen terhadap variabel endogen menggunakan coefficient of determination (R2), predictive relevance(Q2), effect size (F2), dan uji hipotesis (t-stat dan p-value). Hasil penelitian menunjukkan bahwa tidak terdapat pengaruh signifikan dari inovasi terhadap CSR, green investment, dan profitabilitas sebagai variabel dependen. Selain itu, tidak terdapat pengaruh signifikan dari CSR dan green investment sebagai variabel independent terhadap profitabilitas. Terakhir, tidak terdapat pengaruh signifikan dari inovasi terhadap profitabilitas melalui mediasi CSR dan green investment.

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Corporate Social Responsibility Disclosure, Market Supervision, and Green Investment

Cited by 8 publications

References 29 publications

The impact of green financial development on stock price crash risk from the perspective of information asymmetry in Chinese listed companies

The impact of green financial development on stock price crash risk from the perspective of information asymmetry in Chinese listed companies

The New Marketing Realities and the Major Marketing Forces

Pengaruh Inovasi Terhadap Profitabilitas Perusahaan Sektor Industri Energi Di Indonesia

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