IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0297559.html
   My bibliography  Save this article

The CSR perspective: Interplay of technological innovation, ethical leadership and government regulations for sustainable financial performance

Author

Listed:
  • Yongming Zhu
  • Muhammad Salman
  • Saima Kiran
  • Faisal Sajjad
  • Muhammad Sibt-e-Ali
  • Shahid Sherwani
  • Muhammad Wajid Kamran

Abstract

The financial performance of Chinese public and private sector banks is changing over time. There is no stability in the financial performance of Chinese banks which hurts businesses and the market. The purpose of current research was to determine the influence of corporate social responsibility (CSR) on driving the sustainable financial performance of Chinese banks. From methodological perspective, data was collected from 329 banking sector employees from China to partial least square–structural equation model (PLS-SEM) is employed for data analysis. The research used SPSS 24 and Smart PLS 4 as statistical analysis tools. This research confirmed that achieving sustainability in financial performance for Chinese banks can be achieved with CSR influenced by technological innovation, ethical leadership, and government regulations. This research has statistically confirmed that transformational leadership leading to CSR with technological innovation, ethical leadership, and government regulations can make significant improvements in financial performance. The framework developed by current research is a novel contribution to the literature. The findings of this research improve the literature on the banking sector and advanced performance. Furthermore, this research has highlighted significant ways that can help the banking sector employees to improve their financial performance with sustainability.

Suggested Citation

  • Yongming Zhu & Muhammad Salman & Saima Kiran & Faisal Sajjad & Muhammad Sibt-e-Ali & Shahid Sherwani & Muhammad Wajid Kamran, 2024. "The CSR perspective: Interplay of technological innovation, ethical leadership and government regulations for sustainable financial performance," PLOS ONE, Public Library of Science, vol. 19(2), pages 1-19, February.
    • Handle: RePEc:plo:pone00:0297559
    DOI: 10.1371/journal.pone.0297559
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0297559
    Download Restriction: no
    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0297559&type=printable
    Download Restriction: no
    File URL: https://libkey.io/10.1371/journal.pone.0297559?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lamers, Martien & Present, Thomas & Vander Vennet, Rudi, 2022. "European bank profitability: The great convergence?," Finance Research Letters, Elsevier, vol. 49(C).
    2. Simran Jit Kaur & Liaqat Ali & M. Kabir Hassan & Md Al-Emran, 2021. "Adoption of digital banking channels in an emerging economy: exploring the role of in-branch efforts," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 26(2), pages 107-121, June.
    3. Liu, Yu & Khan, Ali Junaid & Iqbal, Jawad & Hameed, Waseem Ul & Ahmed, Tanveer, 2023. "Strategic management of natural resources through human, technological, and institutional resources: Sustainable curing the resource curse," Resources Policy, Elsevier, vol. 86(PA).
    4. Ramzan, Muhammad & Amin, Muhammad & Abbas, Muhammad, 2021. "How does corporate social responsibility affect financial performance, financial stability, and financial inclusion in the banking sector? Evidence from Pakistan," Research in International Business and Finance, Elsevier, vol. 55(C).
    5. Qi, Ruijuan & Khan, Ali Junaid & Basheer, Muhammad Farhan & Ul Hameed, Waseem & Chaudhry, Iffat Sabir, 2023. "Handling the mishandling: Resolving the resource curse through effective utilization of available natural resources and claiming sustainable development," Resources Policy, Elsevier, vol. 87(PA).
    6. Chaofeng Li & Yasir Ahmed Solangi & Sharafat Ali, 2023. "Evaluating the Factors of Green Finance to Achieve Carbon Peak and Carbon Neutrality Targets in China: A Delphi and Fuzzy AHP Approach," Sustainability, MDPI, vol. 15(3), pages 1-21, February.
    7. Xinpeng Xing & Tiansen Liu & Lin Shen & Jianhua Wang, 2020. "Linking Environmental Regulation and Financial Performance: The Mediating Role of Green Dynamic Capability and Sustainable Innovation," Sustainability, MDPI, vol. 12(3), pages 1-22, January.
    8. Zhou, Guangyou & Sun, Yongkun & Luo, Sumei & Liao, Jiayi, 2021. "Corporate social responsibility and bank financial performance in China: The moderating role of green credit," Energy Economics, Elsevier, vol. 97(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Haoran Ma & Ali Junaid Khan & Sana Fayyaz & Waseem Ul Hameed & Habib Ullah, 2024. "Unpacking the optimistic mindset of business students towards entrepreneurship," PLOS ONE, Public Library of Science, vol. 19(2), pages 1-20, February.
    2. Junaid Aftab & Nabila Abid & Huma Sarwar & Anam Amin & Mahsa Abedini & Monica Veneziani, 2024. "Does corporate social responsibility drive financial performance? Exploring the significance of green innovation, green dynamic capabilities, and perceived environmental volatility," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1634-1653, May.
    3. Hazem Ali & Ting Chen & Yunhong Hao, 2021. "Sustainable Manufacturing Practices, Competitive Capabilities, and Sustainable Performance: Moderating Role of Environmental Regulations," Sustainability, MDPI, vol. 13(18), pages 1-19, September.
    4. Junaid Aftab & Monica Veneziani & Feng Wei & Nabila Abid & Fahad Aftab, 2025. "Corporate Social Responsibility and Business Excellence: Examining the Serial Mediation of Green Entrepreneurial Orientation and Differentiation Strategy," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(3), pages 3621-3638, May.
    5. Shi, Yu & Song, Dandan & Luo, Pengfei, 2025. "Corporation social responsibility and dynamic agency under jump risk," Economics Letters, Elsevier, vol. 247(C).
    6. Jiang, Yihuo & Ni, Hongliang & Ni, Yihan & Guo, Xiaomei, 2023. "Assessing environmental, social, and governance performance and natural resource management policies in China's dual carbon era for a green economy," Resources Policy, Elsevier, vol. 85(PB).
    7. Lee, Chien-Chiang & Xiao, Qian & Zhang, Xiaoming, 2025. "Green credit and systemic risk: From the perspectives of policy and scale," The North American Journal of Economics and Finance, Elsevier, vol. 77(C).
    8. Li, Yawen & Xia, Yufei & Sun, Zongting & Sun, Naili, 2025. "Does digital transformation affect systemic risk? Evidence from the banking sector in China," International Review of Financial Analysis, Elsevier, vol. 102(C).
    9. Li Chen & Fujia Li & Haonan Zhang & Hao Cheng, 2025. "Can Green Finance Policy Achieve Collaborative Governance of Air Pollution? Evidence from Prefecture-Level Cities in China," Sustainability, MDPI, vol. 17(16), pages 1-20, August.
    10. Danisman, Gamze Ozturk & Tarazi, Amine, 2024. "ESG activity and bank lending during financial crises," Journal of Financial Stability, Elsevier, vol. 70(C).
    11. Soana, Maria Gaia, 2024. "Environmental strategies, environmental performance and board sustainability committees: Are financial and non-financial companies different?," Research in International Business and Finance, Elsevier, vol. 69(C).
    12. Hery Verianto The & Marvello Yang & Syed Ali Fazal & Maran & Jingzu Gao & Qing Yang & Abdullah Al Mamun, 2023. "Modeling the significance of dynamic capability on the performance of microfinance institutions," PLOS ONE, Public Library of Science, vol. 18(5), pages 1-15, May.
    13. Agustina, Lidya, 2021. "Does financial performance moderate the effect of CEO characteristics and stakeholder influence on corporate social responsibility in Indonesia?," Technium Business and Management, Technium Science, vol. 2(1), pages 13-29.
    14. Raghavendra Prasanna Kumar & Arindam Banerjee & Zahran Al-Salti & S. Ananda, 2024. "Technology acceptance model and customer engagement: mediating role of customer satisfaction," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(3), pages 1062-1076, September.
    15. Úbeda, Fernando & Mendez, Alvaro & Forcadell, Francisco Javier, 2022. "The sustainable practices of multinational banks as drivers of financial inclusion in developing countries," LSE Research Online Documents on Economics 115063, London School of Economics and Political Science, LSE Library.
    16. Shirie Pui Shan Ho & Amy Wong, 2023. "The role of customer personality in premium banking services," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(2), pages 285-305, June.
    17. Cheruiyot, Kiplangat Josea & Osoro, Jared, 2025. "Twin deficits or distant cousins? Why the distinction matters for banks in Kenya," KBA Centre for Research on Financial Markets and Policy Working Paper Series 91, Kenya Bankers Association (KBA).
    18. Petridis, Konstantinos & Tampakoudis, Ioannis & Drogalas, George & Kiosses, Nikolaos, 2022. "A Support Vector Machine model for classification of efficiency: An application to M&A," Research in International Business and Finance, Elsevier, vol. 61(C).
    19. Suneet Singh & Ashish Dwivedi & Saurabh Pratap, 2023. "Sustainable Maritime Freight Transportation: Current Status and Future Directions," Sustainability, MDPI, vol. 15(8), pages 1-23, April.
    20. Zarbakhshnia, Navid & Ma, Zhenliang, 2024. "Critical success factors for the adoption of AVs in sustainable urban transportation," Transport Policy, Elsevier, vol. 156(C), pages 62-76.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0297559. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.