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

Author

Listed:
  • Md. Jahidur Rahman
  • Zeren Xu

Abstract

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.

Suggested Citation

  • Md. Jahidur Rahman & Zeren Xu, 2024. "Effect of corporate social responsibility on the stock price synchronicity in China," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 16(2), pages 180-195.
    • Handle: RePEc:ids:injmfa:v:16:y:2024:i:2:p:180-195
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