Environmental regulation and corporate philanthropy: Evidence and mechanism from China

Kun Wang, Naifu Yu, Ying Ma and Yingkai Tang

Research in International Business and Finance, 2023, vol. 66, issue C

Abstract: This study uses a sample of A-share listed companies from 2009 to 2018 to examine the impact of environmental regulation policy on corporate charitable donation behavior. The obtained empirical results indicate that increased environmental regulation intensity promotes corporate charitable donations—a result that holds true even after robustness and endogeneity tests. A follow-up mechanism test verified the rationality of three theoretical hypotheses related to hypocrisy, slack resource adjustment, and compliance costs, which formed the basis on which the main hypothesis in this paper was developed. This paper expands the field of research on the boundary between the internal motivation for and external function of corporate social responsibility.

Keywords: Environmental Regulation; Corporate Philanthropy; Corporate Social Responsibility (CSR); Hypocrisy; Slack Resource (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:66:y:2023:i:c:s0275531923001721

DOI: 10.1016/j.ribaf.2023.102046

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