Elections and CSR Engagement: International Evidence

Bryan W. Husted () and Walid Saffar ()
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Bryan W. Husted: Tecnologico de Monterrey
Walid Saffar: Hong Kong Polytechnic University

Journal of Business Ethics, 2023, vol. 184, issue 1, No 7, 115-138

Abstract: Abstract Using a large panel of elections in 44 countries, we show that national elections affect CSR in contrasting ways. We posit and find that in strong institutional environments CSR engagement responds negatively to uncertainty and decreases during election periods relative to non-election periods. However, in the context of institutional weakness, characterized by incomplete and captured national institutions, we find that CSR engagement increases in electoral periods, consistent with rent-seeking behavior. We discuss the implications of these results for both theory and practice.

Keywords: Corporate social responsibility; Corruption; Elections; Government effectiveness; Institutional weakness (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s10551-022-05172-4

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