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Business social norms from overseas and corporate social responsibility performance: evidence from China

Author

Listed:
  • Chong Ning
  • Ying Hao
  • Zhibo Liu
  • Yuting Liu

Abstract

This study examines the link between foreign business norms and corporate social responsibility (CSR) in China. Using the information of directors’ foreign background, we find that firms which hire directors with social norms from overseas engage more in CSR, and specifically realize better performance of shareholder responsibility, employee caring, supplier-customer relation, and environment protection. The positive relation is especially significant when directors’ foreign social norms obtained from high ranking CSR countries. Furthermore, firms hiring directors with social norms from overseas are more likely to have larger increase in their firm value. In addition, firms without directors with foreign social norms do better in the responsibility of charity, which does not have a significantly positive improvement on their firm value. These findings suggest that standard social norms from overseas are associated with positive CSR performance, and not at the expense of firm value.

Suggested Citation

  • Chong Ning & Ying Hao & Zhibo Liu & Yuting Liu, 2022. "Business social norms from overseas and corporate social responsibility performance: evidence from China," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 29(1), pages 191-221, January.
    • Handle: RePEc:taf:raaexx:v:29:y:2022:i:1:p:191-221
    DOI: 10.1080/16081625.2019.1600416
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    Cited by:

    1. He, Guanming & Lin, Tiantian, 2022. "Does air pollution impair investment efficiency?," Economics Letters, Elsevier, vol. 215(C).
    2. Wen Chen & Yufeng Zhu & Chenyu Wang, 2023. "Executives' overseas background and corporate green innovation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(1), pages 165-179, January.
    3. Xuan Li & Chi Zhang & Wenliang Gao & Yanli Geng & Weizhang Sun, 2024. "Foreign ownership, passive‐learning knowledge spillovers, and corporate social responsibility reporting in China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(1), pages 133-152, January.
    4. Lei Xu & Qian Liu & Bin Li & Chen Ma, 2022. "Fintech business and firm access to bank loans," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(4), pages 4381-4421, December.

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