| Title |
Business Group-Affiliation and Corporate Social Responsibility: Evidence from Listed Companies in China |
| ID_Doc |
66131 |
| Authors |
Huang, X; Jiang, XL; Liu, W; Chen, Q |
| Title |
Business Group-Affiliation and Corporate Social Responsibility: Evidence from Listed Companies in China |
| Year |
2021 |
| Published |
Sustainability, 13.0, 4 |
| DOI |
10.3390/su13042110 |
| Abstract |
Business groups have played a vital role in the development of emerging markets. However, we share very limited understanding in the role of business group that act on affiliated firms' CSR performance. Using manually sorted data on A-share listed companies and business groups in China from 2010-2017, we examine whether a company's business group-affiliation affects its corporate social responsibility (CSR) performance and the mediating mechanisms of this association. Our empirical models show that group companies bear a higher level of social responsibility compared to independent companies. This positive relationship between group-affiliation and social responsibility relies on resource allocation through internal capital markets, rent-seeking initiatives, and consideration of corporate reputation. Moreover, group affiliation benefits the firm's CSR performance in employee's responsibilities, consumers' responsibilities and environmental responsibilities, while significantly lower the shareholders' responsibilities. Our empirical valuation of group companies' CSR levels can serve as a benchmark for emerging market companies implementing social responsibility policies. |
| Author Keywords |
business groups; CSR; internal capital market; rent-seeking; corporate reputation |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000624809200001 |
| WoS Category |
Green & Sustainable Science & Technology; Environmental Sciences; Environmental Studies |
| Research Area |
Science & Technology - Other Topics; Environmental Sciences & Ecology |
| PDF |
https://www.mdpi.com/2071-1050/13/4/2110/pdf?version=1614157335
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