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)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:47:y:2022:i:pa:s1544612321005493

DOI: 10.1016/j.frl.2021.102611

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