Board Independence, Corporate Social Responsibility and Firm Performance: Evidence from China

The purpose of this paper was to investigate the relationship between board independence and the firm performance of Chinese firms listed in the Shanghai Stock Exchange, under the moderating role of Corporate Social Responsibility (CSR). A total of 860 firm-year observations over a period of ten yea...

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Main Authors: Jaidi, Junainah, Wenhao, Miao, Mohidin, Rosle
Format: Article
Language:English
Published: UUM Press 2022
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Online Access:https://repo.uum.edu.my/id/eprint/29214/1/IJBF%2017%2001%202022%20109-130.pdf
https://repo.uum.edu.my/id/eprint/29214/
https://doi.org/10.32890/ijbf2022.17.1.5
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spelling my.uum.repo.292142023-03-05T08:34:55Z https://repo.uum.edu.my/id/eprint/29214/ Board Independence, Corporate Social Responsibility and Firm Performance: Evidence from China Jaidi, Junainah Wenhao, Miao Mohidin, Rosle HF Commerce The purpose of this paper was to investigate the relationship between board independence and the firm performance of Chinese firms listed in the Shanghai Stock Exchange, under the moderating role of Corporate Social Responsibility (CSR). A total of 860 firm-year observations over a period of ten years, that is from 2010 to 2019 was collected. The panel data regression technique was employed to analyze the data and determine the relationship between board independence and the firm performance of the Chinese firms under investigation. After a robustness check, the empirical results showed that the level of the CSR moderated (reduced) the positive relationship between board independence and firm performance. Therefore, the results seemed to imply that although the CSR has been seen as a useful business strategy, the level of the CSR in China still needed to be improved. In order to improve firm performance through practicing the CSR, the Chinese government and enterprises should be encouraged to continuously improve the level of the CSR. UUM Press 2022 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/29214/1/IJBF%2017%2001%202022%20109-130.pdf Jaidi, Junainah and Wenhao, Miao and Mohidin, Rosle (2022) Board Independence, Corporate Social Responsibility and Firm Performance: Evidence from China. International Journal of Banking and Finance (IJBF), 17 (1). pp. 109-130. ISSN 2590-423X https://doi.org/10.32890/ijbf2022.17.1.5
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HF Commerce
spellingShingle HF Commerce
Jaidi, Junainah
Wenhao, Miao
Mohidin, Rosle
Board Independence, Corporate Social Responsibility and Firm Performance: Evidence from China
description The purpose of this paper was to investigate the relationship between board independence and the firm performance of Chinese firms listed in the Shanghai Stock Exchange, under the moderating role of Corporate Social Responsibility (CSR). A total of 860 firm-year observations over a period of ten years, that is from 2010 to 2019 was collected. The panel data regression technique was employed to analyze the data and determine the relationship between board independence and the firm performance of the Chinese firms under investigation. After a robustness check, the empirical results showed that the level of the CSR moderated (reduced) the positive relationship between board independence and firm performance. Therefore, the results seemed to imply that although the CSR has been seen as a useful business strategy, the level of the CSR in China still needed to be improved. In order to improve firm performance through practicing the CSR, the Chinese government and enterprises should be encouraged to continuously improve the level of the CSR.
format Article
author Jaidi, Junainah
Wenhao, Miao
Mohidin, Rosle
author_facet Jaidi, Junainah
Wenhao, Miao
Mohidin, Rosle
author_sort Jaidi, Junainah
title Board Independence, Corporate Social Responsibility and Firm Performance: Evidence from China
title_short Board Independence, Corporate Social Responsibility and Firm Performance: Evidence from China
title_full Board Independence, Corporate Social Responsibility and Firm Performance: Evidence from China
title_fullStr Board Independence, Corporate Social Responsibility and Firm Performance: Evidence from China
title_full_unstemmed Board Independence, Corporate Social Responsibility and Firm Performance: Evidence from China
title_sort board independence, corporate social responsibility and firm performance: evidence from china
publisher UUM Press
publishDate 2022
url https://repo.uum.edu.my/id/eprint/29214/1/IJBF%2017%2001%202022%20109-130.pdf
https://repo.uum.edu.my/id/eprint/29214/
https://doi.org/10.32890/ijbf2022.17.1.5
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score 13.211869