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

PLoS One. 2024 Feb 12;19(2):e0297559. doi: 10.1371/journal.pone.0297559. eCollection 2024.

Abstract

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.

MeSH terms

  • Banking, Personal*
  • China
  • Economic Development
  • Government Regulation*
  • Industry* / economics
  • Inventions*
  • Leadership*
  • Social Responsibility*
  • Sustainable Growth

Grants and funding

The project is funded by General project of humanities and social science research of the Ministry of Education/Research on the corporate social responsibility governance path of cross-border e-commerce platforms under the sharing economy, No: 20YJA630101.