The Effect of Corporate Social Responsibility on Profit Efficiency of Chinese Listed Energy Companies
บทคัดย่อ
The performance of corporate social responsibility in the energy industry has an important impact on the sustainable development of the market economy. Bloomberg database 2009-2022 has been used as the research materials to study the role of corporate social responsibility performance and the profit efficiency as well as to investigate the impact of mandatory release of corporate social responsibility reports on listed energy companies on different sectors. Through the Stochastic Frontier Analysis production function model, it is found that the environmental performance, corporate social responsibility performance, corporate governance, and ESG comprehensive scores have had a significant impact on the profit efficiency of Chinese listed energy companies. There have been differences in the impact of listed energy companies on the sectors. This study has provided a basis for policy makers and regulators. It is also of great significance to promote the performance of Chinese listed energy companies to fulfill corporate social responsibility and achieve sustainable development.
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