 The moderating role of a corporate life cycle with the impact of economic value-added on corporate social responsibility: Evidence from China's listed companiesXiaojuan Wu, Dana Dluhošová and Zdeněk Zmeškal Emerging Markets Review, 2023, vol. 55, issue C Abstract: The moderating role of corporate life cycle stages with the impact of relative economic value added (EVA) indicator on corporate social responsibility participation index (CSRPI). Chinese A-share listed companies are investigated. The CSRPI weights are calculated by Analytic Network Process. Fractional regression with interaction is used. The corporate life cycle stages moderate the relationship between relative EVA measure and CSRPI. Surprisingly, this impact is confirmed for companies at non-mature stages, but not for mature companies. Model type, weights and corporate life cycle robustness were confirmed. The findings have implications for stakeholders in understanding companies' social behaviour in the Chinese market. Keywords: Corporate social responsibility participation index; Corporate financial performance; Corporate life cycle stage; Economic value added; Analytic network process; Fractional regression (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:55:y:2023:i:c:s1566014123000262 DOI: 10.1016/j.ememar.2023.101021 Access Statistics for this article Emerging Markets Review is currently edited by Jonathan A. Batten More articles in Emerging Markets Review from Elsevier |
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