The Effect of Corporate Social Responsibility on Stock Price Volatility — Evidence from Chinese Listed Companies

Xiaotong Song ()
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Xiaotong Song: School of Applied Economics, Renmin University of China, Beijing 100872, P. R. China

Journal of Information & Knowledge Management (JIKM), 2023, vol. 22, issue 01, 1-21

Abstract: This paper studies the relationship between corporate social responsibility (CSR) and stock price volatility based on data of Chinese A-share listed companies from 2010 to 2018, and further analyses the path and underlying mechanism of CSR that affects stock price volatility. With China’s gradual transition to a sustainable development model, both public and the government are paying increasing attention to CSR performance. At the same time, the Chinese government takes a more serious attitude towards systemic financial risks, emphasising the importance of controlling systemic risks such as an abnormal stock price on many public occasions. In this context, CSR and stock price volatility have received unprecedented attention, and it’s of great value for both industry and the government to explore the impact of CSR on stock price volatility.

Keywords: Listed company; corporate social responsibility; stock price volatility; institutional holdings; investor sentiment (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1142/S0219649222500691

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