RETRACTED ARTICLE: Fostering sustainability: integrating social responsibility, green finance, and corporate performance

Bing Han ()
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Bing Han: Zhanjiang University of Science and Technology

Economic Change and Restructuring, 2024, vol. 57, issue 2, No 47, 34 pages

Abstract: Abstract This study delves into the interrelationship between corporate social responsibility (CSR) and green finance, investigating their collective impact on corporate performance through a comprehensive survey spanning various industries, business years, and company sizes. Advanced analytical tools, including SmartPLS and SPSS Impact, were employed in this research. The findings highlight that green finance significantly influences CSR performance, elucidating the specific mechanism of this relationship through path analysis and neural network analysis. The results indicate that the implementation of green finance not only facilitates the fulfillment of corporate social responsibilities but also yields positive effects by enhancing corporate brand value, thereby improving customer satisfaction and fostering employee loyalty. This revelation signifies a novel paradigm for enterprise development, accentuating the integration of economic profitability, social responsibility, and environmental protection. Such an approach not only assists companies in establishing a positive brand image but also propels sustainable development and fosters common interests.

Keywords: Corporate social responsibility; Green finance; Sustainable development; Corporate performance; Environmental conservation (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10644-024-09656-3

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