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Opioid abuse and corporate social responsibility

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  • Jia, Jing
  • Li, Zhongtian

Abstract

This study examines the effect of adopting restrictive opioid prescribing laws (i.e., opioid laws) on corporate social responsibility (CSR) performance. Using the staggered adoption of opioid laws by US states, we find that the adoption of opioid laws leads to higher CSR performance. Moreover, the positive impact of opioid laws on firms’ CSR performance is more pronounced in states with stronger enforcement of opioid laws. Given the impacts of opioid abuse in the US, our findings should be of great interest to investors, directors, managers, and public policy makers.

Suggested Citation

  • Jia, Jing & Li, Zhongtian, 2022. "Opioid abuse and corporate social responsibility," Finance Research Letters, Elsevier, vol. 49(C).
    • Handle: RePEc:eee:finlet:v:49:y:2022:i:c:s1544612322003397
    DOI: 10.1016/j.frl.2022.103115
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    Cited by:

    1. Jia, Jing & Li, Zhongtian, 2024. "Opioid abuse and labor investment efficiency," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1267-1285.

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    More about this item

    Keywords

    Opioid; Opioid prescribing laws; Corporate social responsibility;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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