Common Ownership and Corporate Social Responsibility

被引:11
|
作者
Dai, Xin [1 ]
Qiu, Yue [2 ]
机构
[1] Drexel Univ, Philadelphia, PA 19104 USA
[2] Temple Univ, Philadelphia, PA 19122 USA
来源
REVIEW OF CORPORATE FINANCE STUDIES | 2021年 / 10卷 / 03期
关键词
CROSS-OWNERSHIP; COMPETITION;
D O I
10.1093/rcfs/cfaa021
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper studies the effect of common ownership on corporate social responsibility (CSR). We find that common ownership is positively associated with a firm's CSR score. The effect is stronger for firms in more competitive industries. We propose a two-stage duopoly game in which CSR serves as a commitment device to expand output aggressively to understand the empirical results.
引用
收藏
页码:551 / 577
页数:27
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