Does venture capital improve corporate social responsibility performance?

被引：2

作者：

Luo, Ronghua ^{[1
]}

Zhao, Baofang ^{[1
]}

Han, Chunjia ^{[3
]}

Wang, Sen ^{[2
]}

机构：

[1] Southwestern Univ Finance & Econ, Sch Finance, Chengdu, Peoples R China

[2] Univ Greenwich, Sch Business Operat & Strategy, London, England

[3] Birkbeck Univ London, Dept Management, London, England

来源：

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2023年 / 88卷

关键词：

Venture capital; Corporate social responsibility (CSR); Agency theory; Imprinting theory; Internal control quality; EMPIRICAL-ANALYSIS; FIRMS;

D O I：

10.1016/j.iref.2023.07.070

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

In recent years, market agents have paid more attention to firm-level sustainable developments, but the economic effects of venture capital on corporate social responsibility (CSR) performance are not clear. We empirically investigated this issue using data from Chinese nonfinancial A-share listed firms between 2010 and 2019. We found that venture capital participation may reduce the CSR performance of portfolio companies (e.g., SMEs), and the quality of internal control (ICQ) is an effective mechanism for venture capital to affect CSR performance. We offer new insights into the relationship between venture capital and CSR in emerging markets.

引用

页码：1138 / 1150

页数：13

共 50 条

[41] Does responsibility breed stability? An institutional framework on the link between partner corporate social responsibility and joint venture termination
Dai, Qing
Wang, Lucas Liang
[J]. JOURNAL OF BUSINESS RESEARCH, 2024, 183
[42] Evidence in Asian Food Industry: Intellectual Capital, Corporate Financial Performance, and Corporate Social Responsibility
Tsai, Cheng-Hung
Mutuc, Eugene Burgos
[J]. INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH, 2020, 17 (02)
[43] Does CSR matter? Influence of corporate social responsibility on corporate performance in the creative industry
Hou, Chen-En
Lu, Wen-Min
Hung, Shiu-Wan
[J]. ANNALS OF OPERATIONS RESEARCH, 2019, 278 (1-2) : 255 - 279
[44] Impact mechanism of corporate social responsibility on sustainable technological innovation performance from the perspective of corporate social capital
Liu, Yanni
Chen, Yufen
Ren, Yi
Jin, Bixia
[J]. JOURNAL OF CLEANER PRODUCTION, 2021, 308
[45] Does CSR matter? Influence of corporate social responsibility on corporate performance in the creative industry
Chen-En Hou
Wen-Min Lu
Shiu-Wan Hung
[J]. Annals of Operations Research, 2019, 278 : 255 - 279
[46] The impact of corporate social responsibility on firm financial performance: does corporate governance matter?
Gharbi, Manel
Jarboui, Anis
[J]. INTERNATIONAL JOURNAL OF LAW AND MANAGEMENT, 2024,
[47] How does social trust affect corporate financial performance? The mediating role of corporate social responsibility
Jung, Jae C.
Im, Junyon
[J]. BUSINESS ETHICS THE ENVIRONMENT & RESPONSIBILITY, 2023, 32 (01): : 236 - 255
[48] The Effect of Venture Capital on Invested Firms' Social Responsibility: Evidence from Venture Capital's Exits
Cheng, Minying
Liu, Jun
Chen, Zezhou
[J]. EMERGING MARKETS FINANCE AND TRADE, 2023, 59 (06) : 1668 - 1689
[49] Does Corporate Social Responsibility reporting improve financial performance? The moderating role of board diversity and gender composition
Kahloul, Ines
Sbai, Hicham
Grira, Jocelyn
[J]. QUARTERLY REVIEW OF ECONOMICS AND FINANCE, 2022, 84 : 305 - 314
[50] Intellectual Capital and Firm Performance in Vietnam: The Moderating Role of Corporate Social Responsibility
Ngoc Phu Tran
Co Thi Huyen Dinh
Hien Thi Thu Hoang
Duc Hong Vo
[J]. SUSTAINABILITY, 2022, 14 (19)

← 1 2 3 4 5 →