{"title":"Political Connections and Corporate Social Responsibility: Evidence from Chinese Listed Firms","authors":"Jing Wang","doi":"10.18178/joebm.2023.11.1.729","DOIUrl":null,"url":null,"abstract":"—This paper studies the impact of political connection on corporate social responsibility performance within the context of listed firms in emerging markets like China. We find that Politically connected companies will participate in more CSR activities. We also find that Politically connected companies participating in CSR activities receive more debt financing. Our empirical evidence further confirms that this impact is more obvious in private enterprises. The results show that: 1) political connection has a positive impact on corporate social responsibility; 2) political connection has a positive impact on debt financing returns obtained by enterprises participating in CSR activities; 3) private enterprises’ political connection has a greater positive influence on corporate social responsibility than state-owned enterprise, which indicates politically connected companies engage in more CSR activities for rewards. Our research enriches the literature on the impact of political affiliation on CSR.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"52 1","pages":""},"PeriodicalIF":2.6000,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Business Economics and Management","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.18178/joebm.2023.11.1.729","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 0
Abstract
—This paper studies the impact of political connection on corporate social responsibility performance within the context of listed firms in emerging markets like China. We find that Politically connected companies will participate in more CSR activities. We also find that Politically connected companies participating in CSR activities receive more debt financing. Our empirical evidence further confirms that this impact is more obvious in private enterprises. The results show that: 1) political connection has a positive impact on corporate social responsibility; 2) political connection has a positive impact on debt financing returns obtained by enterprises participating in CSR activities; 3) private enterprises’ political connection has a greater positive influence on corporate social responsibility than state-owned enterprise, which indicates politically connected companies engage in more CSR activities for rewards. Our research enriches the literature on the impact of political affiliation on CSR.
期刊介绍:
The Journal of Business Economics and Management is a peer-reviewed journal which publishes original research papers. The objective of the journal is to provide insights into business and strategic management issues through the publication of high quality research from around the world. We particularly focus on research undertaken in Western Europe but welcome perspectives from other regions of the world that enhance our knowledge in this area. The journal publishes in the following areas of research: Global Business Transition Issues Economic Growth and Development Economics of Organizations and Industries Finance and Investment Strategic Management Marketing Innovations Public Administration.