The impact of institutional investors' corporate site visits on corporate social responsibility

Huan Liu and Canran Hou

Emerging Markets Review, 2023, vol. 55, issue C

Abstract: Using the unique data of China, this paper finds that institutional investors' corporate site visits will promote firms' corporate social responsibility (CSR) performance, the main conclusions remain unchanged when we mitigate endogeneity concerns and consider a series of robust tests. Further, the mediation analyses confirm the mediating roles of internal control and information disclosure rating. We also conduct tests based on China's institutional settings and find that: (a) firms visited by institutions have better CSR performance after mandatory information disclosure, (b) firms visited by institutions have higher probability to disclose CSR reports voluntarily.

Keywords: Institutional investors; Corporate site visits; Corporate social responsibility (search for similar items in EconPapers)
JEL-codes: G23 G38 M14 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:55:y:2023:i:c:s1566014122000929

DOI: 10.1016/j.ememar.2022.100975

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