The positive or negative impacts corporate social responsibility (CSR) may have on business performance have drawn research interest. In recent years, the focus of research has shifted toward the link between CSR and corporate competitive advantage. Corporate competitive advantage is a multifaceted and holistic concept that captures more than just corporate financial performance. Building on the resource‐based view (RBV), corporate competitive advantage construct theory, and CSR behavior theory, we explore how a firm's CSR engagement shapes its corporate competitive advantage. Our analysis of a panel dataset of 64 companies with a top‐100 CSR development index in China and 704 firm‐year observations over the sample period from 2009 to 2019 reveals an inverse U‐shaped relationship between CSR and corporate competitive advantage. This signifies that corporate competitive advantage first increases with CSR engagement but declines as it reaches a threshold level where CSR activities are beyond the affordability of the firm. We also examine how behaviors at various CSR engagement levels influence different dimensions of corporate competitive advantage. These results support a curvilinear relationship, explaining why many CSR strategies have been ineffective in the past. The findings may help guide corporate decisions and government policymaking on CSR.
This article provides an updated description of the contemporary functions and status of Chinese military women, and addresses the question of whether these women are professionals, by examining the People's Liberation Army's officially published materials and the author's interviews with ten Chinese women colonels and two women generals. Derived from a tradition of the utilization of women in unconventional warfare and irregular military formation, Chinese military women serve in traditional female roles and their functions are supportive both in peacetime and wartime. Due to their lengthy service and training and job assignment as professionals and quasi-professionals, these women have made the military service the locus of their careers.
The Internet technology revolution is profoundly affects every aspect of human society, such as people's production and life, habits, and even culture. At the same time, the development of the network economic activity also has a huge impact on the financial sector. And the internet finance has a large impact on traditional financial pattern both in the development idea and operation mode. Based on the study of the present situation and development trend of the financial Inclusion in rural financial market domestic and foreign, the author analyzed the principles of economics, and based on the point, put forward the implementation method and the suggestion on the financial inclusion in rural financial market.
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