TY - JOUR
T1 - The peer effects of corporate social responsibility in China
T2 - A pre-registered report
AU - Ding, Jie
AU - Huang, Jinbo
AU - Ding, Ashley
AU - Guo, Shijun
AU - Wang, Tianjiao
PY - 2024/6
Y1 - 2024/6
N2 - In recent years, businesses worldwide have shown a growing interest in adopting corporate social responsibility (CSR) practices. The driver of corporate CSR engagement has attracted widespread attention. This study seeks to examine how firms react to the CSR practices of their peers in China. The ordinary least square would be used to validate our hypothesis and the instrumental variable approach would be utilized to alleviate endogeneity threats. In addition, we propose two channels, named as market competition hypothesis and institutional pressure hypothesis to account for this peer effect. We plan to provide some empirical evidence to support both channels.
AB - In recent years, businesses worldwide have shown a growing interest in adopting corporate social responsibility (CSR) practices. The driver of corporate CSR engagement has attracted widespread attention. This study seeks to examine how firms react to the CSR practices of their peers in China. The ordinary least square would be used to validate our hypothesis and the instrumental variable approach would be utilized to alleviate endogeneity threats. In addition, we propose two channels, named as market competition hypothesis and institutional pressure hypothesis to account for this peer effect. We plan to provide some empirical evidence to support both channels.
KW - Corporate social responsibility
KW - Institutional pressure
KW - Market competition
KW - Peer effect
UR - http://www.scopus.com/inward/record.url?scp=85192756963&partnerID=8YFLogxK
U2 - 10.1016/j.pacfin.2024.102395
DO - 10.1016/j.pacfin.2024.102395
M3 - Article
AN - SCOPUS:85192756963
SN - 0927-538X
VL - 85
SP - 1
EP - 10
JO - Pacific Basin Finance Journal
JF - Pacific Basin Finance Journal
M1 - 102395
ER -