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Cross-listing and CSR performance: evidence from AH shares

Author

Listed:
  • Haina Shi

    (Fudan University)

  • Xin Zhang

    (Fudan University)

  • Jing Zhou

    (Shanghai University)

Abstract

This study investigates the association between corporate social responsibility (CSR) performance and cross-listing. In a clean setting where a change in CSR performance can be attributed to the cross-listing, we find a statistically significant and economically meaningful increase in CSR performance for the cross-listed firms. Moreover, such an increase comes mostly in technical CSR, which targets the firms’ primary stakeholders. We also find that the positive association between cross-listing and CSR improvements is more pronounced for firms with weak corporate governance. The results hold under a variety of different robustness checks.

Suggested Citation

  • Haina Shi & Xin Zhang & Jing Zhou, 2018. "Cross-listing and CSR performance: evidence from AH shares," Frontiers of Business Research in China, Springer, vol. 12(1), pages 1-15, December.
    • Handle: RePEc:spr:fobric:v:12:y:2018:i:1:d:10.1186_s11782-018-0032-z
    DOI: 10.1186/s11782-018-0032-z
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