Do reputation concerns motivate voluntary initiation of corporate social responsibility reporting? Evidence from China
Kuo-Cheng Huang and
Yu-Chun Wang
Finance Research Letters, 2022, vol. 47, issue PA
Abstract:
We investigate whether reputation renders a firm more or less likely to report corporate social responsibility (CSR) activities by studying A-share firms listed on the Chinese stock market. After considering the mandatory disclosure rules required by the Shanghai Stock Exchange and the CSI 300 index, we find that a firm is more likely to initiate CSR reporting after it violates security regulations and is punished by supervisors, consistent with our reputation hypothesis. This effect is more prominent for non-state-owned enterprises (non-SOEs), demonstrating that the initiation of CSR reporting might be a remedy to a bad reputation for non-SOEs. By contrast, SOEs may focus more on political rather than economic factors.
Keywords: Corporate social responsibility (CSR) reporting; Reputation (search for similar items in EconPapers)
JEL-codes: L21 M14 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612321005493
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:47:y:2022:i:pa:s1544612321005493
DOI: 10.1016/j.frl.2021.102611
Access Statistics for this article
Finance Research Letters is currently edited by R. Gençay
More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().