Impact of Directors’ Network on Corporate Social Responsibility Disclosure: Evidence from China

Li, Wenqin; Zhang, John Ziyang; Ding, Rong

doi:10.1007/s10551-022-05092-3

Cited by 37 publications

(24 citation statements)

References 124 publications

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“…Therefore, this study will also control the effect of corporate governance, including CEO‐chair duality and ownership concentration. Referring to existing studies (Gao & Wan, 2023; Katmon et al, 2019; Li et al, 2023), we also control for industry type, as the industry may affect green innovation in a variety of ways and plays an important role in understanding the motivation for innovation (Cai, Gao, et al, 2020; Gao & Wan, 2023). For example, certain industries may engage in substantive green innovation to actually improve environmental issues, while others may choose to innovate strategically because they face environmental legality issues (Zhong et al, 2022).…”

Section: Methodsmentioning

confidence: 99%

Corporate environmental information disclosure and green innovation: The moderating effect of CEO visibility

Liu

Zhang

Cho

2023

Corp Soc Responsibility Env

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This study investigates the effect of corporate environmental information disclosure (EID) on green innovation in China's heavily polluting industries during 2009–2020 and the moderating effect of Chief Executive Officer (CEO) visibility. The results show that: (1) corporate EID increases green innovation, and CEO visibility strengthens the positive impact of corporate EID on green innovation. (2) The green innovation fostered by EID comes from the leverage effect, not from the crowding‐out effect at the expense of other existing innovations; EID stimulates green innovation by alleviating financing constraints and increasing R&D expenditures. (3) Corporate EID has a greater impact on substantive green innovation than on strategic green innovation, and hard EID makes a more significant contribution to green innovation than soft EID does. (4) State‐owned, large, and established enterprises benefit more from the promotion effect of EID on green innovation as well as the positive moderating effect of CEO visibility.

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Section: Methodsmentioning

confidence: 99%

Corporate environmental information disclosure and green innovation: The moderating effect of CEO visibility

Liu

Zhang

Cho

2023

Corp Soc Responsibility Env

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“…We checked the reliability of the two‐step system GMM by examining the Arellano and Bond (1991) test for serially uncorrelated error terms and Hansen test of overidentification (Li et al, 2023). AR(1) and AR(2) are the p ‐values for first‐ and second‐order autocorrelated disturbances respectively.…”

Section: Robustness Checkmentioning

confidence: 99%

Not all stakeholders are equal: Corporate social responsibility variability and corporate financial performance

Gao

Nie

Hafsi

2023

Business Ethics Env & Resp

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The advocates of “doing well by doing good” have advised firms to invest in corporate social responsibility (CSR), but firms may get lost on how to invest their limited resources in it since CSR is a complex concept involving many activities and different types of stakeholders. In this work, we draw upon the perspective of stakeholder saliency and the stakeholder resource‐based view (SRBV) to propose that stakeholders may have different levels of expectations for CSR and contribute to firm value creation differently. Therefore, firms using different CSR to treat different stakeholders (high CSR variability) will have better financial performance. We further propose that context, in particular media coverage and state ownership, moderates the relationship between CSR variability and firm performance, as stakeholders of highly visible firms and state‐owned enterprises (SOEs) may frown upon a discriminate treatment in CSR. Findings based on a sample of 3313 publicly listed firms and 15,324 firm‐year observations in China's stock markets during the 2010–2018 period provide good support for our predictions.

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“…Independent directors serve as an important part of the board of directors (Bonini et al, 2022). The extant literature demonstrates that independent directors play a significant role in shaping corporate sustainability through monitoring and advisory mechanisms (Chan et al, 2023; Li, Zhang & Ding, 2023). However, the findings of these studies are not consistent.…”

Section: Theoretical Analysis and Hypotheses Developmentmentioning

confidence: 99%

ESG rating divergence and corporate green innovation

Zhou,

Lei,

2023

Bus Strat Env

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This study empirically examines whether and how ESG rating divergence affects corporate green innovation. Using a sample of Chinese listed companies, we find that ESG rating divergence has a positive impact on corporate green innovation. The results still hold after several robustness checks. Furthermore, we find that the positive impact of ESG rating divergence on green innovation is more pronounced in companies with higher resource advantages of independent directors and more media attention. We then discuss the economic consequences of corporate green innovation as a response to ESG rating divergence. The results suggest that this responsiveness generates an insurance‐like effect, where companies leverage green innovation as a buffer against risks related to ESG rating divergence. Overall, our study provides novel evidence that ESG rating divergence can stimulate corporate green innovation, which sheds light on the substantial impact of ESG ratings on corporate sustainability.

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Impact of Directors’ Network on Corporate Social Responsibility Disclosure: Evidence from China

Cited by 37 publications

References 124 publications

Corporate environmental information disclosure and green innovation: The moderating effect of CEO visibility

Corporate environmental information disclosure and green innovation: The moderating effect of CEO visibility

Not all stakeholders are equal: Corporate social responsibility variability and corporate financial performance

ESG rating divergence and corporate green innovation

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