IDEAS home Printed from https://ideas.repec.org/a/mes/emfitr/v59y2023i4p1140-1160.html
   My bibliography  Save this article

Exchange Comment Letters and Corporate Social Responsibility: Evidence from China

Author

Listed:
  • Jingru Hou
  • Xin Shi
  • Ran Tao

Abstract

How does regulatory oversight shape corporate social responsibility (CSR)? Using a sample of Chinese A-share listed firms spanning 2014 to 2019, we investigate the oversight role of stock exchanges by examining the effects of comment letters (CLs) on CSR. We find that receiving CLs positively correlates with the increment of CSR performance. Both investors’ attention and state ownership moderate this relation positively. Additionally, the positive relation is more pronounced in the subsample in a weak legal environment. Taken together, we provide causal evidence that supports the oversight role of CLs and the impression management theory of CSR.

Suggested Citation

  • Jingru Hou & Xin Shi & Ran Tao, 2023. "Exchange Comment Letters and Corporate Social Responsibility: Evidence from China," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 59(4), pages 1140-1160, March.
    • Handle: RePEc:mes:emfitr:v:59:y:2023:i:4:p:1140-1160
    DOI: 10.1080/1540496X.2022.2127316
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1540496X.2022.2127316
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1540496X.2022.2127316?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:emfitr:v:59:y:2023:i:4:p:1140-1160. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MREE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.