How Does Corporate Social Responsibility Affect Corporate Climate Change Risks? The Moderating Role of CEOs Green Experience

IF 9.1 2区管理学 Q1 BUSINESS

Corporate Social Responsibility and Environmental Management Pub Date : 2025-07-14 DOI:10.1002/csr.70052

Yanzhao Liu, Chee-Wooi Hooy, Yunbiao Xiong

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Abstract

Despite a growing body of research on corporate social responsibility (CSR) as the subject, little is known about how CSR can affect firms' climate change risks. This paper investigates whether CSR helps companies mitigate corporate climate change risks (CCR) using a large sample of China firm-year observations from 2010 to 2022. Data were analyzed using the OLS baseline regression. Additionally, this study examines the influence of CEOs green experience in moderating the association between CSR and CCR. These findings reveal that CSR has a direct positive impact on mitigating CCR, suggesting that companies could allocate more resources to CSR activities to address these risks effectively. Furthermore, this study provides evidence that CEOs green experience positively moderates the impact of CSR on CCR. This suggests that firms interested in environmental responsibility may be more inclined to hire CEOs with green experience. The baseline results are robust to a set of econometric validation tests, such as PSM and GMM tests. The study offers theoretical and practical insights to assist regulators and corporations in mitigating CCR to promote sustainable development.

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企业社会责任如何影响企业气候变化风险？ceo绿色体验的调节作用

尽管越来越多的研究将企业社会责任（CSR）作为主题，但人们对企业社会责任如何影响企业的气候变化风险知之甚少。本文利用2010年至2022年的大样本中国企业年度观察数据，研究企业社会责任是否有助于企业减轻企业气候变化风险。数据分析采用OLS基线回归。此外，本研究还考察了ceo绿色经验在调节企业社会责任与企业社会责任关系中的作用。这些研究结果表明，企业社会责任对缓解企业社会责任风险有直接的积极影响，企业可以将更多的资源分配到企业社会责任活动中，以有效地解决这些风险。此外，本研究还提供了证据，证明ceo绿色体验正向调节企业社会责任对企业社会责任的影响。这表明对环境责任感兴趣的公司可能更倾向于雇佣有环保经验的首席执行官。基线结果对于一组计量经济学验证测试（如PSM和GMM测试）是稳健的。该研究为监管机构和企业减轻CCR以促进可持续发展提供了理论和实践见解。

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

Corporate Social Responsibility and Environmental Management Multiple-

CiteScore

17.20

自引率

16.30%

发文量

189

期刊介绍： Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas. The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.