Do Japanese keiretsu promote better CSR activities?

Kenichi Yoshida, Yoshiaki Iino and Shunsuke Managi

Economic Analysis and Policy, 2022, vol. 76, issue C, 452-475

Abstract: This study analyzes the relationship between corporate social responsibility (CSR)-related activities and supply chain networks. We focus on horizontal corporate groups (keiretsu) as proxies of supply chain networks. The relationships between independent companies and companies that belong to these keiretsu in terms of differences in their CSR activity implementation are identified and clarified using quantitative analysis techniques. This study uses a propensity score matching method to narrow a sample to include only keiretsu companies and independent companies with characteristics similar to those of keiretsu companies. Based on the results, even after controlling for yushi-keiretsu and the elements that define a corporate group, we find that keiretsu companies consistently engage in CSR activities. Remarkably, the Mitsubishi Group has a strong tendency to engage in CSR activities.

Keywords: CSR activity; Japanese corporate system; Factor analysis (search for similar items in EconPapers)
JEL-codes: L21 M14 M21 P52 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:76:y:2022:i:c:p:452-475

DOI: 10.1016/j.eap.2022.08.018

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