The effect of firm maturity on corporate social responsibility (CSR): do older firms invest more in CSR?

被引：119

作者：

Withisuphakorn, Pradit ^{[1
]}

Jiraporn, Pornsit ^{[2
]}

机构：

[1] Natl Inst Dev Adm, Finance, Bangkok, Thailand

[2] Penn State Univ, Sch Grad Profess Studies, Finance, Malvern, PA 19355 USA

来源：

APPLIED ECONOMICS LETTERS | 2016年 / 23卷 / 04期

关键词：

Corporate social responsibility; CSR; corporate life cycles; corporate ageing; firm age;

D O I：

10.1080/13504851.2015.1071464

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Motivated by the literature on corporate life cycles, we explore the effect of firm maturity on corporate social responsibility (CSR). Our results based on over 26000 observations across 21years reveal that more mature firms invest significantly more in CSR. Furthermore, we find that the effect of firm maturity is not uniform across different categories of CSR. As firms get older, they become much more responsible in terms of diversity and environmental awareness, whereas the effect of firm ageing is much weaker in terms of human rights and product safety. Our study is the first to link corporate life cycles to CSR.

引用

页码：298 / 301

页数：4

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