Unveiling the nexus between corporate social responsibility, industrial integration, economic growth and financial constraints under the node of firms sustainable performance

This research investigates the impact of corporate social responsibility (CSR), industrial integration, and economic growth in realising financial constraints using firm’s level attributes of sustainable performance. In doing so, this study utilised annual data of 555 Chinese real estate firms from...

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Autores principales:	Yunpeng Sun, Jun Yang, Qun Bao, Hong Tu, Haoning Li
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	corporate social responsibility moran index financial constraints sustainable business performance spatial effect model industrial integration Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388
Acceso en línea:	https://doaj.org/article/fbd1880ac03f491ca1de0d03b7e320df
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spelling	oai:doaj.org-article:fbd1880ac03f491ca1de0d03b7e320df2021-12-01T14:40:58ZUnveiling the nexus between corporate social responsibility, industrial integration, economic growth and financial constraints under the node of firms sustainable performance1331-677X1848-966410.1080/1331677X.2021.2004189https://doaj.org/article/fbd1880ac03f491ca1de0d03b7e320df2021-11-01T00:00:00Zhttp://dx.doi.org/10.1080/1331677X.2021.2004189https://doaj.org/toc/1331-677Xhttps://doaj.org/toc/1848-9664This research investigates the impact of corporate social responsibility (CSR), industrial integration, and economic growth in realising financial constraints using firm’s level attributes of sustainable performance. In doing so, this study utilised annual data of 555 Chinese real estate firms from 2015 to 2019 and applied a spatial effect model (SEM) to integrate spatial effects. This study also used two-step Generalized Method of Moments (GMM) and two-stage least square (2SLS) methods to deal with possible endogeneity. Manifestly, we have constructed a mathematical derivation framework based on linear algebra and offer easy computing Moran's index. The preliminary results revealed that CSR, industrial integration, and economic growth reduce financial constraints of listed real estate companies in China. However, these effects are not persistent at different stages of development. The findings of Moran index describe that the early and growth stages of CSR instigate financial constraints while the mature stage of CSR produces inhibitory effects that reduce financial constraints. Notably, these effects also varied across different regions. This outcome offers valuable policy recommendations.Yunpeng SunJun YangQun BaoHong TuHaoning LiTaylor & Francis Grouparticlecorporate social responsibilitymoran indexfinancial constraintssustainable business performancespatial effect modelindustrial integrationEconomic growth, development, planningHD72-88Regional economics. Space in economicsHT388ENEkonomska Istraživanja, Vol 0, Iss 0, Pp 1-26 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	corporate social responsibility moran index financial constraints sustainable business performance spatial effect model industrial integration Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388
spellingShingle	corporate social responsibility moran index financial constraints sustainable business performance spatial effect model industrial integration Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388 Yunpeng Sun Jun Yang Qun Bao Hong Tu Haoning Li Unveiling the nexus between corporate social responsibility, industrial integration, economic growth and financial constraints under the node of firms sustainable performance
description	This research investigates the impact of corporate social responsibility (CSR), industrial integration, and economic growth in realising financial constraints using firm’s level attributes of sustainable performance. In doing so, this study utilised annual data of 555 Chinese real estate firms from 2015 to 2019 and applied a spatial effect model (SEM) to integrate spatial effects. This study also used two-step Generalized Method of Moments (GMM) and two-stage least square (2SLS) methods to deal with possible endogeneity. Manifestly, we have constructed a mathematical derivation framework based on linear algebra and offer easy computing Moran's index. The preliminary results revealed that CSR, industrial integration, and economic growth reduce financial constraints of listed real estate companies in China. However, these effects are not persistent at different stages of development. The findings of Moran index describe that the early and growth stages of CSR instigate financial constraints while the mature stage of CSR produces inhibitory effects that reduce financial constraints. Notably, these effects also varied across different regions. This outcome offers valuable policy recommendations.
format	article
author	Yunpeng Sun Jun Yang Qun Bao Hong Tu Haoning Li
author_facet	Yunpeng Sun Jun Yang Qun Bao Hong Tu Haoning Li
author_sort	Yunpeng Sun
title	Unveiling the nexus between corporate social responsibility, industrial integration, economic growth and financial constraints under the node of firms sustainable performance
title_short	Unveiling the nexus between corporate social responsibility, industrial integration, economic growth and financial constraints under the node of firms sustainable performance
title_full	Unveiling the nexus between corporate social responsibility, industrial integration, economic growth and financial constraints under the node of firms sustainable performance
title_fullStr	Unveiling the nexus between corporate social responsibility, industrial integration, economic growth and financial constraints under the node of firms sustainable performance
title_full_unstemmed	Unveiling the nexus between corporate social responsibility, industrial integration, economic growth and financial constraints under the node of firms sustainable performance
title_sort	unveiling the nexus between corporate social responsibility, industrial integration, economic growth and financial constraints under the node of firms sustainable performance
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/fbd1880ac03f491ca1de0d03b7e320df
work_keys_str_mv	AT yunpengsun unveilingthenexusbetweencorporatesocialresponsibilityindustrialintegrationeconomicgrowthandfinancialconstraintsunderthenodeoffirmssustainableperformance AT junyang unveilingthenexusbetweencorporatesocialresponsibilityindustrialintegrationeconomicgrowthandfinancialconstraintsunderthenodeoffirmssustainableperformance AT qunbao unveilingthenexusbetweencorporatesocialresponsibilityindustrialintegrationeconomicgrowthandfinancialconstraintsunderthenodeoffirmssustainableperformance AT hongtu unveilingthenexusbetweencorporatesocialresponsibilityindustrialintegrationeconomicgrowthandfinancialconstraintsunderthenodeoffirmssustainableperformance AT haoningli unveilingthenexusbetweencorporatesocialresponsibilityindustrialintegrationeconomicgrowthandfinancialconstraintsunderthenodeoffirmssustainableperformance
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Unveiling the nexus between corporate social responsibility, industrial integration, economic growth and financial constraints under the node of firms sustainable performance

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