RELIGIOSITY AND CORPORATE SOCIAL RESPONSIBILITY: DO THEY MIX WELL TOGETHER?

Stella Tomasi, Michaël Dewally, Pu Liu and Yingying Shao
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Stella Tomasi: College of Business and Economics, Towson University, USA
Michaël Dewally: College of Business and Economics, Towson University, USA
Pu Liu: Sam W. Walton College of Business, University of Arkansas, USA
Yingying Shao: College of Business and Economics, Towson University, USA

Studies in Business and Economics, 2021, vol. 16, issue 2, 249-266

Abstract: Although research in social norms and Corporate Social Responsibility (CSR) is limited, previous studies show mixed results on the influence of social norms, specifically religiosity of the community, on firms’ CSR activities. Using the CSR scores from KLD database, we merge county-level religious data and other control variables to run multiple regression models. Contrary to existing theories suggesting more religious social norms would entice companies to do better, our results show that community religiosity has a negative impact on firms’ CSR scores. In our discussion, we provide insights that explain this seeming contradiction and provide directions for future studies.

Keywords: Corporate social responsibility; social norms; religiosity; catholic social thought (search for similar items in EconPapers)
Date: 2021
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