Common Ownership and Corporate Social Responsibility

被引：10

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

页码：551 / 577

页数：27

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