Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2027259
Does green finance facilitate firms in achieving corporate social responsibility goals?
Zhuo Wang
Muhammad Sadiq Shahid
Nguyen Binh An
Mohsin Shahzad
Zulkiflee Abdul-Samad
Sažetak
Socio-economic and environment-friendly initiatives are imperative to ensure sustainable development. And corporate social
responsibility (CSR) emerged as a solution to create a balance in
society through sustainable business performance. However,
organizations need plentiful resources to comply with the philosophies of sustainability and CSR. Therefore, the current study
explores the role of green financing that covers the social, environmental, and economic aspects of green financing for achieving,
excelling and enhancing CSR in the banking sector. Through the
employment of survey methodology and the application of Partial
Least Square-Structural Equation Modelling (PLS-SEM), the data
confirms the contributing role of green finance and its respective
dimensions (Environmental, Economics, and Social) in enhancing
the multiple facets of CSR. Based on these findings, it is recommended that the banking sector should allocate additional financial resources to promote CSR attributes.
Ključne riječi
Green finance; corporate social responsibility; sustainable development; structural equation modeling
Hrčak ID:
302851
URI
Datum izdavanja:
31.3.2023.
Posjeta: 517 *