Does corporate social responsibility benefit society? Evidence from Latin America

Gregmar I. Galinato, Marie Hyland and Asif Islam

Emerging Markets Review, 2022, vol. 53, issue C

Abstract: This article measures the impact of firms' declaration of Corporate Social Responsibility (CSR) on education and environmental quality. We use 2006 data from the World Bank Enterprise Surveys, the sub-national Human Development Index and the World Health Organization which covers 10 countries in Latin America. We estimate Instrumental Variables regression models. We find that CSR declaration increases the probability of adopting community programs leading to a small, but significant, positive effect on education at the subnational level. Also, CSR declaration has no significant impact on our pollution measure, particulate matter, even when CSR increases the probability of adopting environmental programs.

Keywords: Corporate social responsibility; Education; Pollution; Latin America (search for similar items in EconPapers)
JEL-codes: I29 L2 Q53 (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:ememar:v:53:y:2022:i:c:s1566014122000619

DOI: 10.1016/j.ememar.2022.100944

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