CSR reporting in China’s private and state-owned enterprises: A mixed methods comparative analysis

Ervits, Irina

doi:10.1057/s41291-021-00147-1

Cited by 30 publications

(27 citation statements)

References 77 publications

(113 reference statements)

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“…In addition to ensuring their expansion, state-owned enterprises often have a social and political responsibility to improve people’s livelihoods and respond to policy calls. At the same time, state-owned enterprises usually have a large scale and a sound internal control system, and their internal financial information is more complete, making it easier to obtain financial support from state-owned banks and the government at low financing costs [ 51 ]. On the other hand, due to their property rights, private enterprises face more significant information asymmetries and external borrowing costs than state-owned enterprises due to the higher cost of external regulatory information in the capital market.…”

Section: Theoretical Analysis and Research Designmentioning

confidence: 99%

Can digital finance boost SME innovation by easing financing constraints?: Evidence from Chinese GEM-listed companies

Yao

Yang

2022

PLoS ONE

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This paper summarizes the transmission chain of “digital finance-financing constraint-firm innovation” at the theoretical and practical levels, incorporates digital finance into the empirical analysis framework of firm innovation, selects the data of Chinese GEM(Growth Enterprise Market)-listed companies from 2011 to 2020, and matches the data of the digital inclusive finance index. The paper empirically examines the incentive effect and impact mechanism of digital finance on SME innovation through the two-way fixed-effects model and mediated-effects model by matching the data of China GEM-listed companies from 2011 to 2020 with the digital financial inclusion index data. The findings show that the digital development and promotion of digital finance play a significantly positive impact in helping SMEs innovate and stimulate innovation. The effect is realized by alleviating corporate financing constraints. Further, digital finance has different incentive effects on enterprises with varying rights of property nature, as well as on other regions.

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Section: Theoretical Analysis and Research Designmentioning

confidence: 99%

Can digital finance boost SME innovation by easing financing constraints?: Evidence from Chinese GEM-listed companies

Yao

Yang

2022

PLoS ONE

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“…The home government plays an important role in forming EMNCs’ emerging institutional environment and helps drive their internationalization. On the one hand, the financing market is highly dominated by government institutions (Ervits, 2021 ). Despite the rapid development of commercial banks in China over the past decade, its six state-owned banks are still the leaders in the financial market and have long comprised half of the total financial assets.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

From efficiency to legitimacy: the changing logic of internal CSR in emerging multinationals during internationalization

Chen

2023

Asian Bus Manage

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This paper focuses on internal corporate social responsibility (CSR) (i.e. shareholder responsibility and employee responsibility) changes within emerging-market multinational companies (EMNCs) with a resource constraints perspective and attention-based view, providing a finely variegated analysis of and new insights into the internationalization–CSR relationship. Specifically, as EMNCs’ resource constraints change from high to low and the primary focus shifts during internationalization, their dominant logic moves from efficiency to legitimacy; correspondingly, their internal CSR shows a U-shaped change—first declining and then increasing. This nonlinear model is supported by an empirical test of Chinese listed MNCs from 2013 to 2018. On this basis, the moderating roles of state-owned background and innovation-oriented strategy are examined, as both affect the resource constraints and attention structure of EMNCs during internationalization. We also provide a sensitivity analysis of internationalization’s impact on each dimension of internal CSR and an in-depth discussion of our findings. Supplementary Information The online version contains supplementary material available at 10.1057/s41291-022-00213-2.

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“…Table 8 shows that the DID coefficients in the case of considering control variables are 0.1818 and 0.0879, which are significant at 1% level, consistent with the results of main hypothesis test, and the Eidq of SOEs is better than that of non-SOEs, which is consistent with hypothesis 2c. The government and society expect more from state-owned listed companies (Ervits, 2021), which are more responsible and effective in fulfilling CSR (Hu et al, 2018).…”

Section: Impact Of Property Rights On the Eidq Of Listed Companiesmentioning

confidence: 99%

Corporate social responsibility regulation in capital market and environmental information disclosure of listed companies: A quasi-natural experiment from China

Zhang

et al. 2022

Front. Environ. Sci.

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Based on a quasi-natural experiment generated by the Shenzhen Stock Exchange (SZSE) of China, which issued the Guidance for Social Responsibility of Listed Companies (referred to as Guidance) in 2006, this paper utilizes a panel dataset of A-share listed companies at Shanghai Stock Exchange (SSE) and SZSE from 2004 to 2008, and employ difference-in-differences (DID) method to investigate impact of the Guidance on environmental information disclosure quality (Eidq) of listed companies. The finding shows that exchange’s corporate social responsibility (CSR) regulation contributes to improving the Eidq of listed companies. Furthermore, policy effects of the Guidance are more significant in eastern region, heavily polluting industries and state-owned enterprises (SOEs). This study provides theoretical evidence and policy implications for the “two-wheel drive” of China’s stock market regulation and social supervision, and for the construction of an environmental information disclosure system that is more targeted in terms of region, industry and property rights, and that effectively promotes fulfillment of environmental governance responsibility by listed companies and guides their sustainable development actions.

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CSR reporting in China’s private and state-owned enterprises: A mixed methods comparative analysis

Cited by 30 publications

References 77 publications

Can digital finance boost SME innovation by easing financing constraints?: Evidence from Chinese GEM-listed companies

Can digital finance boost SME innovation by easing financing constraints?: Evidence from Chinese GEM-listed companies

From efficiency to legitimacy: the changing logic of internal CSR in emerging multinationals during internationalization

Corporate social responsibility regulation in capital market and environmental information disclosure of listed companies: A quasi-natural experiment from China

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