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

Md. Jahidur Rahman and Zeren Xu

International Journal of Managerial and Financial Accounting, 2024, vol. 16, issue 2, 180-195

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.

Keywords: corporate social responsibility; CSR; stock price synchronicity; China. (search for similar items in EconPapers)
Date: 2024
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