The Impact of Pak and China Cultural influences on CPEC Energy Project Moderating effect in South Asia: A Case Study from Pakistan

Mehtab Begum Siddiqui, Maryam Khokhar, Tayyaba Rafique Makhdoom, Md Billal Hossain, Sarmad Ejaz, Faisal Ejaz and Anna Dunay
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Mehtab Begum Siddiqui: Institute of Commerce and Management, University of Sindh, Jamshoro, Pakistan
Maryam Khokhar: Department of Business Studies, Bahria Business School, Bahria University Karachi Campus, Karachi, Pakistan
Tayyaba Rafique Makhdoom: Department of Business Administration, Government College University Hyderabad, Pakistan
Md Billal Hossain: Business Management and Marketing Department, School of Business and Economics, Westminster International University in Tashkent (WIUT), Tashkent 100047, Uzbekistan,
Sarmad Ejaz: Department of Management Sciences, University of Okara, Lahore, Pakistan
Faisal Ejaz: School of International Relations, Minhaj University, Lahore, Pakistan,
Anna Dunay: Hungarian National Bank—Research Center; John von Neumann University, 6000 Kecskemét, Hungary

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 6, 211-219

Abstract: Pakistan is a growing nation working to integrate with foreign business for efficient economic activities. The China Pakistan Economic Corridor (CPEC) is pushing Pakistan’s corporate and industrial sectors to accelerate their strategy and developmental implementation processes in order to stay competitive. For this China is setting the pace in the business while Pakistan is gradually embracing CSR. This essay aims to investigate the indirect and direct effects of innovation on corporate social responsibility and business performance in Pakistan’s manufacturing sector. Three years’ worth of panel data were gathered for this. Using the multiple regression technique, the direct and moderating effects were examined. CPEC is a huge bilateral initiative and developmental project that was started by Pakistan and China, in which the major focus on the enhancement and modernization of the infrastructure of Pakistan. Using an event research method and technique, this study adds to the literature by assessing the influence of CPEC on stock returns. Furthermore, this article aims to determine whether or not the effect of CPEC has been penetrated to a fundamental stage. The median equality test is used to analyze the impact of CPEC on non-financial businesses and enterpriseslisted on the Karachi Stock Exchange’s quality of financial reporting.

Keywords: Economic Development; Government Policies and Rules; CPEC Components; CPEC Energy (search for similar items in EconPapers)
JEL-codes: C58 G18 H41 H50 Z18 (search for similar items in EconPapers)
Date: 2023
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