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The role of green investment and corporate social responsibility investment on sustainable performance

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  • Maya Indriastuti
  • Anis Chariri

Abstract

Studies on green investment and corporate social responsibility (CSR) investment has been conducted by some researchers in the current and future trends of sustainable development. Many of them have focused on the relationship between CSR and financial performance, but only a few have examined how green investment, CSR investment, and sustainability are related to each other. Sustainable performance is based on three aspects: people-planet-profit, or also what is known as the triple bottom line concept. The sample for this study consisted of 132 manufacturing companies listed in the Indonesia Stock Exchange from 2016 to 2019. This study found that green investment and CSR investment positively affect financial performance and sustainable performance. Meanwhile, the financial performance has an insignificant effect on sustainable performance. Besides, financial performance cannot mediate the effect between green investment and CSR investment on sustainable performance.

Suggested Citation

  • Maya Indriastuti & Anis Chariri, 2021. "The role of green investment and corporate social responsibility investment on sustainable performance," Cogent Business & Management, Taylor & Francis Journals, vol. 8(1), pages 1960120-196, January.
  • Handle: RePEc:taf:oabmxx:v:8:y:2021:i:1:p:1960120
    DOI: 10.1080/23311975.2021.1960120
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    Cited by:

    1. Yuyang, Liu, 2024. "Natural resource efficiency and the road to a green economy: From scarcity to availability," Resources Policy, Elsevier, vol. 89(C).
    2. Hung, Ngo Thai, 2023. "Green investment, financial development, digitalization and economic sustainability in Vietnam: Evidence from a quantile-on-quantile regression and wavelet coherence," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).
    3. Alsagr, Naif & Ozturk, Ilhan, 2024. "Natural resources rent and green investment: Does institutional quality matter?," Resources Policy, Elsevier, vol. 90(C).
    4. Zhao, Zhen & Li, Xiangmin, 2024. "Social media and family investment behavior," Finance Research Letters, Elsevier, vol. 61(C).

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