Is obedience rewarding? State investment in response to CSR reporting in China

IF 5.8 2区管理学 Q1 MANAGEMENT

Asia Pacific Journal of Management Pub Date : 2024-07-01 DOI:10.1007/s10490-024-09973-1

Ruxi Wang, Yihui Xiao, Chunling Zhu, Yuwei Qi

引用次数: 0

Abstract

Scholars have recognized governmental and political influences on corporate social responsibility (CSR) reporting activities. However, whether such activities subsequently result in governmental support to firms remains unchecked. We theorize that due to governments’ multiple demands and developmental agenda, state investments with divergent underlying incentives respond differently to firms’ CSR reporting. Using a panel data analysis on 1462 Chinese private firms from 2014–2018, we find that CSR report quality is positively associated with further state investment with a socially-beneficial incentive, and negatively associated with further state investment with a profit-seeking incentive. We further reveal that the relationship between the quality of CSR report and two types of state investments are weakened by chief executive officer (CEO) succession and strengthened by a local CEO. Our study contributes to research on CSR and stakeholder theory.

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服从有回报吗？国家投资对中国企业社会责任报告的回应

学者们已经认识到政府和政治对企业社会责任（CSR）报告活动的影响。然而，这些活动是否随后导致政府对公司的支持仍未得到检查。我们的理论认为，由于政府的多重需求和发展议程，具有不同潜在激励的国家投资对企业社会责任报告的反应不同。通过对2014-2018年1462家中国民营企业的面板数据分析，我们发现企业社会责任报告质量与具有社会效益激励的国家进一步投资呈正相关，与具有逐利激励的国家进一步投资负相关。我们进一步发现，企业社会责任报告质量与两种类型的国家投资之间的关系因首席执行官（CEO）的继任而减弱，而当地首席执行官的继任则增强。我们的研究对企业社会责任和利益相关者理论的研究有一定的贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asia Pacific Journal of Management MANAGEMENT-

CiteScore

9.70

自引率

9.30%

发文量

期刊介绍： The Asia Pacific Journal of Management publishes original manuscripts on management and organizational research in the Asia Pacific region, encompassing Pacific Rim countries and mainland Asia. APJM focuses on the extent to which each manuscript addresses matters that pertain to the most fundamental question: “What determines organization success?” The major academic disciplines that we cover include entrepreneurship, human resource management, international business, organizational behavior, and strategic management. However, manuscripts that belong to other well-established disciplines such as accounting, economics, finance, marketing, and operations generally do not fall into the scope of APJM. We endeavor to be the major vehicle for exchange of ideas and research among management scholars within or interested in the broadly defined Asia Pacific region.Key features include: Rigor - maintained through strict review processes, high quality global reviewers, and Editorial Advisory and Review Boards comprising prominent researchers from many countries. Relevance - maintained by its focus on key management and organizational trends in the region. Uniqueness - being the first and most prominent management journal published in and about the fastest growing region in the world. Official affiliation - Asia Academy of ManagementFor more information, visit the AAOM website:www.baf.cuhk.edu.hk/asia-aom/ Officially cited as: Asia Pac J Manag