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The Impact of CSR on Chinese Economic Development

Author

Listed:
  • Li, Maohua
  • Zéman, Zoltán
  • Li, Jing

Abstract

As economy is growing, many problems occur, such as environmental problems. Scholars and government officials begin to focus on the corporate social responsibility (CSR). This paper is to study the relationship between corporate social responsibility (CSR) and Chinese economic development (ED), and this paper wants to provide a reference for the government officials in China and the investors in the capital market. This paper takes two separate research steps to achieve the research objective. Firstly, in order to test the relationship between the level of CSR and the economic development, this paper uses independent-samples T test. Secondly, this paper builds multiple variables linear regression models, and uses the SPSS 22 software to analyze the correlation between CSR and Chinese economic development. As a result, this paper finds that a relatively high level of CSR results in a more objective economic development, on the contrary, the economic development of the time when companies are not willing to take on the corporate social responsibility may be very general.

Suggested Citation

  • Li, Maohua & Zéman, Zoltán & Li, Jing, 2016. "The Impact of CSR on Chinese Economic Development," Public Finance Quarterly, Corvinus University of Budapest, vol. 61(4), pages 500-515.
    • Handle: RePEc:pfq:journl:v:61:y:2016:i:4:p:500-515
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    File URL: https://unipub.lib.uni-corvinus.hu/8791/
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    Citations

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    Cited by:

    1. Dafnomilis, Ioannis & Hoefnagels, Ric & Pratama, Yudistira W. & Schott, Dingena L. & Lodewijks, Gabriel & Junginger, Martin, 2017. "Review of solid and liquid biofuel demand and supply in Northwest Europe towards 2030 – A comparison of national and regional projections," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 31-45.
    2. Chang, Chia-Lin & McAleer, Michael & Wang, Yu-Ann, 2018. "Modelling volatility spillovers for bio-ethanol, sugarcane and corn spot and futures prices," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 1002-1018.
    3. Ma Zhong & Rong Xu & Xinyi Liao & Shuangli Zhang, 2019. "Do CSR Ratings Converge in China? A Comparison Between RKS and Hexun Scores," Sustainability, MDPI, vol. 11(14), pages 1-20, July.
    4. Chin-Cheng Wu & Hao-Tang Jhan & Kuo-Huan Ting & Heng-Chieh Tsai & Meng-Tsung Lee & Tai-Wen Hsu & Wen-Hong Liu, 2016. "Application of Social Vulnerability Indicators to Climate Change for the Southwest Coastal Areas of Taiwan," Sustainability, MDPI, vol. 8(12), pages 1-18, December.
    5. Leszek Sieczko & Anna Justyna Parzonko & Anna Sieczko, 2021. "Trust in Collective Entrepreneurship in the Context of the Development of Rural Areas in Poland," Agriculture, MDPI, vol. 11(11), pages 1-26, November.

    More about this item

    Keywords

    Social responsibility; Economic development; Correlation analysis; Regression analysis;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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