A new approach for addressing endogeneity issues in the relationship between corporate social responsibility and corporate financial performance

Liu, Wei; Shao, Xue-Feng; Sisto, Marco De; Li, Wen Helena

doi:10.1016/j.frl.2020.101623

Cited by 79 publications

(39 citation statements)

References 29 publications

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“…City GDP is measured as the natural logarithm of the gross domestic product in each city. Province marketization is given by the marketization index derived from the annual report of the NERI (Liu et al, 2021). This index captures institutional development in each province of China.…”

Section: Controlsmentioning

confidence: 99%

E-Government and Foreign Direct Investment

Han

Shao

Tsai

et al. 2021

Journal of Global Information Management

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Along with the rapid development of digital information technology, e-government is of great potential because it is a new form of conducting public administration and a way of demonstrating governmental innovation. The literature suggests that foreign direct investment (FDI) is increasingly associated with the continuing development of e-government in China. Using the Annual Census of Industrial Enterprises and e-government scores of government portals, this study examines the effects of e-government on FDI and how government subsidies mediate relationships between e-government and FDI. Our results show that e-government positively affects FDI, and government subsidies have a positive effect on foreign enterprises' investment efficiency by playing a mediating role between e-government efficiency and FDI. The findings make both theoretical and practical implications related to the role, provision and acquisition of government subsidies; e-government systems and FDI; e-government scores and government efficiency; and firms maintaining focus on areas that are government priorities.

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Section: Controlsmentioning

confidence: 99%

E-Government and Foreign Direct Investment

Han

Shao

Tsai

et al. 2021

Journal of Global Information Management

Self Cite

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“…First, we use the firm-level data from a nationwide survey of Chinese private firms conducted in 2013 jointly by the United Front Work Department of the Chinese Communist Party, the All China Industry and Commerce Federation, the State Administration for Industry and Commerce of China, and the China Private Economy Society. This dataset is the most recently available one at the time of this research and has been widely used in the mostly recent studies (Liu et al , 2020; Yang and Tang, 2020). This survey covers all 31 provinces and all industry sectors in China using multistage-stratified random sampling methods.…”

Section: Methodsmentioning

confidence: 99%

Corporate social responsibility and access to bank loan: how much and how to give both matter

Sun

et al. 2020

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Purpose This paper aims to investigate the inverse U-shape relationship between DM and accessing loans from the banks and explore the moderating effect of donation mode diversity. Design/methodology/approach Based on a survey dataset of 1,036 private firms in China, we use a Heckman two-stage estimation model to test hypothesizes. Findings The results show an invert U-shape relationship between donation magnitude and access to bank loan. The authors also find that donation mode diversity will positively moderate donation magnitude–bank loan relationship: the positive effect of donation magnitude will be stronger for the private firms using multiple channels of philanthropic donation. Originality/value This paper extends the literatures by examining how philanthropic donation behaviors in form of donation magnitude (how much to give) and donation mode diversity (how to give) influence private firms’ loan borrowed from the bank, an important but largely ignored stakeholder. Therefore, it suggests that both the amount and the channels of philanthropic donation could have significant roles in the efficiency of achieving strategic outcomes of corporate philanthropy.

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“…We obtained the data for this study from the China Stock Market and Accounting Research (CSMAR) database (http://www.gtarsc.com/, accessed on 1 May 2021), which is available through the Wharton Research Data Services. CSMAR database was developed by Guo Tai An Company, which is the largest enterprise database in China, and is now widely used to obtain data of Chinese companies [92][93][94][95][96]. This database provides the data of variables in this study, such as the company's revenue, the number of managers, the number of R&D personnel, the number of ordinary employees, and the ending balance of fixed assets, etc.…”

Section: Data Source and Sample Periodmentioning

confidence: 99%

The Impact of the National Nutrition Program 2017–2030 on People’s Food Purchases: A Revenue-Based Perspective

Chen

Yang

2021

Nutrients

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The General Office of the State Council of China promulgated the National Nutrition Program 2017–2030 in 2017 to guide the people to improve their food supply and nutritional intake. This study uses qualitative and quantitative information which are analyzed to estimate the change in people’s food purchases following the implementation of the National Nutrition Program 2017–2030, and puts forward measures that should be taken by the competent authorities and stakeholders. We use the translog revenue function of the food industry, and based on the data of listed companies of Chinese food enterprises from 2015 to 2020, and this study find that the National Nutrition Program 2017–2030 has had a positive impact on people’s food purchases, and the impact is more obvious in people’s food purchases from large food manufacturers. Finally, we also provide regulators with public policy implications, and provide food manufacturers with development suggestions.

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A new approach for addressing endogeneity issues in the relationship between corporate social responsibility and corporate financial performance

Cited by 79 publications

References 29 publications

E-Government and Foreign Direct Investment

E-Government and Foreign Direct Investment

Corporate social responsibility and access to bank loan: how much and how to give both matter

The Impact of the National Nutrition Program 2017–2030 on People’s Food Purchases: A Revenue-Based Perspective

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