Trust and corporate social responsibility: International evidence

Imed Chkir, Hatem Rjiba, Fatma Mrad and Afef Khalil

Finance Research Letters, 2023, vol. 58, issue PA

Abstract: This letter investigates the association between social trust and corporate social responsibility. Using a sample comprising firms operating in 32 countries during the period from 2004 to 2019, we provide evidence highlighting social trust as a factor that can explain cross-country variations in corporate social responsibility activities. Our results extend the research examining the determinants of CSR by showing that informal institutions such as trust play a crucial role in shaping corporate CSR practices. Our findings are robust to controlling for a set of firm-level and country-level control variables, to employing alternative econometric methodologies, and to using various CSR proxies.

Keywords: Corporate social responsibility; Social trust; Informal institutions (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pa:s1544612323004154

DOI: 10.1016/j.frl.2023.104043

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