2024
DOI: 10.1057/s41599-024-03001-9
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The effects of heterogeneous CSR on corporate stock performance: evidence from COVID-19 pandemic in China

Yunhe Li,
Xinyi Shen,
Fang Zhang

Abstract: 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-sha… Show more

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