Better late than never? Corporate social responsibility engagement after product-harm crises

Sun, Zhihui; Wu, Dejun; Zhang, Min

doi:10.1007/s10490-019-09701-0

Cited by 16 publications

(20 citation statements)

References 123 publications

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“…In the case that disparity exists between corporate and social values on environment protections, firms" legitimacy will be jeopardized and a legitimacy gap will appear. Therefore, firms should be able to recognize the legitimacy gaps in time, and carry out environmental practices such as increasing corporate environmental spending to mitigate legitimacy threats and discharge their accountabilities to stakeholders (Muttakin & Khan, 2014, Sun et al, 2019.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Do state subsidies increase corporate environmental spending?

Wang

Zhang

2020

International Review of Financial Analysis

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Section: Theoretical Frameworkmentioning

confidence: 99%

Do state subsidies increase corporate environmental spending?

Wang

Zhang

2020

International Review of Financial Analysis

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“…Second, this study extends the non-market strategy literature in two ways that deepen our understanding of the heterogeneity of non-market strategic actions by firms, especially those in emerging economies, such as China. An important difference between this study and existing non-market strategy literature is that it examines both legal (corporate philanthropy) and illegal (bribery expenditure) non-market strategic actions, in contrast with the existing literature, which primarily examines the former (Luo & Wang, 2019;Sun et al, 2019;Zhao et al, 2021). Although a few scholars have also focused on illegal non-market strategic actions (Iriyama et al, 2016;Xu et al, 2019), very few studies have included both in their analytical framework to examine their common antecedents.…”

Section: Theoretical Contributionsmentioning

confidence: 99%

“…Firms may implement certain improper business practices during their operating process, which could damage their reputation. In the event of such happenings, firms are likely to use corporate philanthropy as a strategic tool to divert public attention from misconduct (Zhong et al, 2022 ), thus reducing its negative impact (Sun et al, 2019 ). The fifth motive is political affiliation.…”

Section: Theory and Hypothesesmentioning

confidence: 99%

Corporate philanthropy and bribery as distinctive responses to economic policy uncertainty: Do state-owned and private firms differ?

Zhong

Ren

2022

Asia Pac J Manag

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Frequent changes in economic policy pose challenges to normal business production and operations. However, little is known about the non-market strategies adopted by firms in emerging economies, such as China, in response to economic policy uncertainty. This study proposes that firms in China respond to high levels of economic policy uncertainty by increasing philanthropic donations and bribery. In addition, this study argues that private firms and state-owned firms implement different strategies to cope with economic policy uncertainty. Specifically, the study suggests that state-owned enterprises (SOEs) are more likely, than non-SOEs, to respond to economic policy uncertainty by increasing corporate philanthropy, and less likely to respond by increasing expenditure on bribes. This study obtained empirical evidence to support these views, based on an analysis of a dataset of 2,904 listed Chinese firms from 2008 to 2019. Keywords Economic policy uncertainty • Corporate philanthropy • Corporate bribery • China • State-owned enterprisesIn recent years, the continuous emergence of 'black swan' events, such as Brexit and COVID-19, has led to constant changes in international financial markets.

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“…Last, the dummy variable of state-owned enterprises (SOE_dum) is created as a moderator variable according to Sun, Wu and Zhang (2019) to test Hypothesis 2. The data is obtained from the database of CSMAR and the value of the variable is 1 if the listed company is state-owned (code P5511 in the database), and 0 if private-owned (code P5517 in the database).…”

Section: Moderator Variablesmentioning

confidence: 99%

“…The method of PSM-DID is widely used in literature to solve the problem of sample selection bias and endogeneity (e.g. Luo, Xiang, & Zhu, 2017;Sun, Wu, & Zhang, 2019). We constructed our control group by finding counterparts for each observation in the treatment group through PSM.…”

Section: Psm-didmentioning

confidence: 99%

Home-country institutions and corporate social responsibility of emerging economy multinational enterprises: The belt and road initiative as an example

et al. 2020

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This paper examines the impact of home country institutions on corporate social responsibility (CSR) of multinational enterprises from emerging markets (EM-MNEs). Taking the Belt and Road Initiative (BRI) as an example and using a sample with 2052 firm-year observations from China over the period 2008-2018, we find that the BRI exerts a positive and significant effect on overall CSR of Chinese MNEs involved in the BRI and the positive effect is stronger for Chinese stateowned MNEs. In addition, only two dimensions of CSR (Employee Relations and Products) are improved significantly under the pressure of BRI. Finally, we examine the interactive effect of home-and host-country institutions on Chinese MNEs' CSR and find the positive impact of the BRI on MNEs' CSR performance is stronger in host countries with a higher level of CSR related institutional pressure. These results provide practical suggestions for the Chinese government and 2 MNEs to further improve CSR under the BRI, and enrich our understanding of the interactive effect between home-and host-country institutions on enhancing Chinese MNEs' reputation and promoting regional cooperation with countries along the BRI.

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Better late than never? Corporate social responsibility engagement after product-harm crises

Cited by 16 publications

References 123 publications

Do state subsidies increase corporate environmental spending?

Do state subsidies increase corporate environmental spending?

Corporate philanthropy and bribery as distinctive responses to economic policy uncertainty: Do state-owned and private firms differ?

Home-country institutions and corporate social responsibility of emerging economy multinational enterprises: The belt and road initiative as an example

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