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Effect of perceived status of entrepreneur on firm's CSR behavior: Evidence from Chinese private enterprises survey

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  • Niu, Zhiyong
  • Zhou, Xiaoyan
  • Pei, Hongzhou

Abstract

Social status has increasingly been recognized as a powerful force in people's lives. In this study, we investigate the influence of entrepreneur's perceived status on firm's donation engagement. In addition, we explore the moderating influences of several organisational characteristics including firm size and institutional environment. Our theory and findings highlight that one's perceived status exhibits a positive effect on donation, while the moderators have negative effect on this relationship. By examining this novel entrepreneurial characteristic, we offer important implications for the application of social status and upper echelons theory on research.

Suggested Citation

  • Niu, Zhiyong & Zhou, Xiaoyan & Pei, Hongzhou, 2021. "Effect of perceived status of entrepreneur on firm's CSR behavior: Evidence from Chinese private enterprises survey," Finance Research Letters, Elsevier, vol. 39(C).
    • Handle: RePEc:eee:finlet:v:39:y:2021:i:c:s1544612319313145
    DOI: 10.1016/j.frl.2020.101561
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    References listed on IDEAS

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    1. Yunsong Chen & Mark Williams, 2018. "Subjective Social Status in Transitioning China: Trends and Determinants," Social Science Quarterly, Southwestern Social Science Association, vol. 99(1), pages 406-422, March.
    2. Konow, James, 2010. "Mixed feelings: Theories of and evidence on giving," Journal of Public Economics, Elsevier, vol. 94(3-4), pages 279-297, April.
    3. Chang, Kiyoung & Shim, Hyeongsop & Yi, Taihyeup David, 2019. "Corporate social responsibility, media freedom, and firm value," Finance Research Letters, Elsevier, vol. 30(C), pages 1-7.
    4. Harry G. Barkema & Oleg Shvyrkov, 2007. "Does top management team diversity promote or hamper foreign expansion?," Strategic Management Journal, Wiley Blackwell, vol. 28(7), pages 663-680, July.
    5. Heli Wang & Jaepil Choi & Jiatao Li, 2008. "Too Little or Too Much? Untangling the Relationship Between Corporate Philanthropy and Firm Financial Performance," Organization Science, INFORMS, vol. 19(1), pages 143-159, February.
    6. Dai, Weiqi & Si, Steven, 2018. "Government policies and firms' entrepreneurial orientation: Strategic choice and institutional perspectives," Journal of Business Research, Elsevier, vol. 93(C), pages 23-36.
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    Cited by:

    1. José Alberto Martínez-González & Carmen Dolores Álvarez-Albelo & Javier Mendoza-Jiménez & Urszula Kobylinska, 2022. "Predicting the Entrepreneurial Behaviour of Starting Up a New Company: A Regional Study Using PLS-SEM and Data from the Global Entrepreneurship Monitor," Mathematics, MDPI, vol. 10(5), pages 1-25, February.
    2. José Alberto Martínez-González & Urszula Kobylinska & Desiderio Gutiérrez-Taño, 2021. "Exploring Personal and Contextual Variables of the Global Entrepreneurship Monitor through the Rasch Mathematical Model," Mathematics, MDPI, vol. 9(16), pages 1-23, August.
    3. Qian, Shuitu & Yu, Wenzhe, 2024. "Green finance and environmental, social, and governance performance," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1185-1202.
    4. Bruna, Maria Giuseppina & Lahouel, Béchir Ben, 2022. "CSR & financial performance: Facing methodological and modeling issues commentary paper to the eponymous FRL article collection," Finance Research Letters, Elsevier, vol. 44(C).

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