EconPapers    
Economics at your fingertips  
 

The Determinants of Virtue: Modelling Changes in the CSR Ratings of Chinese Firms

Shuangqi Wu, Simon Appleton, Lina Song and Jinmin Wang

Working Papers from eSocialSciences

Abstract: Most empirical studies on Corporate Social Responsibility (CSR) use cross-sectional data or case studies, making causality hard to establish. The paper overcomes this limitation by using panel data on Chinese firms. The paper also finds no effect of last year’s profits on CSR ratings, although their negative contemporaneous relation suggests a trade-off. Managerial shareholdings reduce CSR ratings while rising wages and employment are the main drivers of increasing CSR ratings. This suggests the CSR agenda aligns with the interests of labour, but not capital. However, the positive effect of Tobin’s Q may indicate CSR is associated with intangibles of value to a firm.

Keywords: corporate social responsibility; firms; China; chinese firms; economy; trade-off; institutions; CSR ratings; labour; capital; positive effect of Tobin’s Q; negative contemporaneous relation; ross-sectional data; modelling changes. (search for similar items in EconPapers)
Date: 2017-11
Note: Institutional Papers
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.esocialsciences.org/Download/repecDownl ... AId=12253&fref=repec

Related works:
Working Paper: The Determinants of Virtue: Modelling Changes in the CSR Ratings of Chinese Firms (2017) Downloads
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:ess:wpaper:id:12253

Access Statistics for this paper

More papers in Working Papers from eSocialSciences
Bibliographic data for series maintained by Padma Prakash ().

 
Page updated 2019-12-10
Handle: RePEc:ess:wpaper:id:12253