The CSR perspective: Interplay of technological innovation, ethical leadership and government regulations for sustainable financial performance

The financial performance of Chinese public and private sector banks is changing over time. There is no stability in the financial performance of Chinese banks which hurts businesses and the market. The purpose of current research was to determine the influence of corporate social responsibility (CS...

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Bibliographic Details
Published in:PloS one 2024-02, Vol.19 (2), p.e0297559-e0297559
Main Authors: Zhu, Yongming, Salman, Muhammad, Kiran, Saima, Sajjad, Faisal, Sibt-E-Ali, Muhammad, Sherwani, Shahid, Wajid Kamran, Muhammad
Format: Article
Language:English
Subjects:
Analysis
Asian People
China
Corporate social responsibility
Ecology and Environmental Sciences
Economic aspects
Evaluation
Forecasts and trends
Government Regulation
Humans
Information management
Inventions
Laws, regulations and rules
Leadership
Physical Sciences
Research and Analysis Methods
Science Policy
Social Responsibility
Social Sciences
Sustainable development
Technology and civilization
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Summary:The financial performance of Chinese public and private sector banks is changing over time. There is no stability in the financial performance of Chinese banks which hurts businesses and the market. The purpose of current research was to determine the influence of corporate social responsibility (CSR) on driving the sustainable financial performance of Chinese banks. From methodological perspective, data was collected from 329 banking sector employees from China to partial least square-structural equation model (PLS-SEM) is employed for data analysis. The research used SPSS 24 and Smart PLS 4 as statistical analysis tools. This research confirmed that achieving sustainability in financial performance for Chinese banks can be achieved with CSR influenced by technological innovation, ethical leadership, and government regulations. This research has statistically confirmed that transformational leadership leading to CSR with technological innovation, ethical leadership, and government regulations can make significant improvements in financial performance. The framework developed by current research is a novel contribution to the literature. The findings of this research improve the literature on the banking sector and advanced performance. Furthermore, this research has highlighted significant ways that can help the banking sector employees to improve their financial performance with sustainability.
ISSN:1932-6203
1932-6203
DOI:10.1371/journal.pone.0297559