The Impact of Corporate Social Responsibility (CSR) and Green Investments on Sustainable Performance: The Mediating Role of Firm Financial Performance

Q4 Economics, Econometrics and Finance

Global Business and Economics Review Pub Date : 2023-03-30 DOI:10.31703/ger.2023(viii-i).06

Kayenat Saher, Muhammad Faheem Zafar, Qudsia Siddique

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引用次数: 1

Abstract

Several academics have looked at the current and future paths of sustainable development through the lens of green investment and corporate social responsibility (CSR) investment. Few people have looked into the links between green investments, CSR investments, and long-term success. Most of these studies have been about how CSR affects a company's bottom line. Sustainable performance is founded on triple- bottom-line thinking, also known as the people-planet-profit axis. 130 manufacturing companies that have been registered on the Pakistan Stock Exchange between 2019 & 2021 made up the sample for this study. The analysis reveals that investments in CSR (corporate social responsibility) and environmental preservation boost financial and long-term sustainability. On the other hand, financial performance doesn't change much when it comes to sustainable performance. Additionally, the impact of green investments on sustainable performance is mediated by financial performance. However, CSR investment cannot be mediated by financial success

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企业社会责任和绿色投资对可持续绩效的影响:企业财务绩效的中介作用

一些学者从绿色投资和企业社会责任投资的角度来审视当前和未来的可持续发展道路。很少有人研究绿色投资、企业社会责任投资和长期成功之间的联系。这些研究大多是关于企业社会责任如何影响公司的底线。可持续绩效建立在三重底线思维的基础上，也被称为人-地球-利润轴。在2019年至2021年期间在巴基斯坦证券交易所注册的130家制造公司构成了本研究的样本。分析表明，对企业社会责任和环境保护的投资促进了财务和长期可持续性。另一方面，当涉及到可持续绩效时，财务绩效并没有太大变化。此外，绿色投资对可持续绩效的影响是由财务绩效中介的。然而，企业社会责任投资不能以财务成功为中介

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来源期刊

Global Business and Economics Review Economics, Econometrics and Finance-Economics and Econometrics

CiteScore

0.80

自引率

0.00%

发文量

期刊介绍： GBER (the flagship journal of the Business & Economics Society International) is an international refereed outlet journal for the presentation, discussion and analysis of advanced concepts, initial treatments and fundamental research in all fields of business and economics. Priority is given to insightful policy-oriented articles that deal with the implications of the increasingly global business activity, especially written for the educated lay-person.