Uncovering the nonmarket side of internationalization: the Belt and Road Initiative and Chinese firms’ CSR reporting quality

Zhu, Hua; Hui, Kent; Gong, Yuanyuan

doi:10.1007/s10490-022-09835-8

Cited by 6 publications

(1 citation statement)

References 93 publications

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“…Legitimacy theory focuses on how organizations can enhance their status and legitimacy by conforming to the rules and norms of the institutional context [46]. Specific audiences or evaluators who watch and evaluate an organization's actions and generalize this evaluation into a broader consensus on the appropriateness and suitability of the organization's behavior confer legitimacy on the organization [47].…”

Section: Hypothesis Development 221 Legitimacy Theorymentioning

confidence: 99%

The Bidirectional Relationship between Digital Transformation and Corporate Social Responsibility: A Legitimacy Perspective

Huang,

Shen

2024

Sustainability

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The pursuit of efficiency or legitimacy is an important choice facing corporate sustainability, especially in uncertain environments. Digital transformation contributes to corporate efficiency, while fulfilling corporate social responsibility (CSR) is a non-market-based strategy for companies seeking legitimacy. However, sustainability research remains unclear about the link between digital transformation and CSR and the mechanisms behind it. To fill this research gap, we incorporate economic policy uncertainty (EPU) into our analytical framework and elucidate the theoretical mechanism of the simultaneous bidirectional relationship between digital transformation and CSR from the perspective of organizational legitimacy. We construct a simultaneous equation model and analyze a sample of 468 Chinese listed companies collected from 2011 to 2018 using the three-stage least squares method. Our findings reveal a mutually reinforcing bidirectional relationship between digital transformation and CSR. Furthermore, we discover that EPU weakens the facilitating influence of digital transformation on CSR but strengthens the positive impact of CSR on digital transformation. Our conclusions suggest that companies taking on more CSR in digital transformation contexts can help achieve the organic unity of efficiency and legitimacy for sustainable development, but uncertainty can undermine this positive interaction.

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Section: Hypothesis Development 221 Legitimacy Theorymentioning

confidence: 99%

The Bidirectional Relationship between Digital Transformation and Corporate Social Responsibility: A Legitimacy Perspective

Huang,

Shen

2024

Sustainability

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Social media attention and corporate greenwashing: Evidence from China

Ren,

Wu,

Hou

2024

Corp Soc Responsibility Env

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This study examines the effect of social media attention on corporate greenwashing using a sample of Chinese A‐share listed firms from 2011 to 2021. We find that social media attention increases corporate greenwashing, and the effect is more pronounced for firms with negative financial performance and those with violations, supporting the pressure hypothesis. Drawing on fraud triangle theory, which considers the interplay of pressure, opportunity, and rationalization, we also find that the pressure effect is more pronounced for firms with higher CEO power, greater information asymmetry, as well as firms located in regions with a gambling culture and non‐state‐owned firms. This indicates that firms are more inclined to greenwash when they perceive an opportunity and can rationalize this behavior. Furthermore, our heterogeneity analyses demonstrate that the pressure effect is more significant for firms located in regions characterized by higher marketization, firms operating in non‐heavily polluting industries, and those that do not provide assured non‐financial reports. This study contributes to the literature on the role of social media and determinants of corporate greenwashing, providing important implications for firms' sustainable development.

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Why do CSR ratings of firms diverge in China? The role of CSR information cues and non-CSR information

Pang,

Egri,

et al. 2024

Asia Pac J Manag

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Uncovering the nonmarket side of internationalization: the Belt and Road Initiative and Chinese firms’ CSR reporting quality

Cited by 6 publications

References 93 publications

The Bidirectional Relationship between Digital Transformation and Corporate Social Responsibility: A Legitimacy Perspective

The Bidirectional Relationship between Digital Transformation and Corporate Social Responsibility: A Legitimacy Perspective

Social media attention and corporate greenwashing: Evidence from China

Why do CSR ratings of firms diverge in China? The role of CSR information cues and non-CSR information

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