腐败文化与企业社会责任:来自中国的证据

IF 1.4 4区经济学 Q3 BUSINESS, FINANCE

Asia-Pacific Journal of Accounting & Economics Pub Date : 2022-01-24 DOI:10.1080/16081625.2022.2026230

Jiamei Wu, Zhibin Chen

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引用次数: 4

摘要

摘要本文研究腐败文化对中国上市公司企业社会责任的影响。基于资源约束理论，我们发现腐败文化程度高的地区企业的社会责任水平较低，并且在采用腐败文化的替代度量并解决潜在内生性问题后，这种关联仍然存在。此外，我们通过表明政治关系更强的公司CSR的下降更大来补充文献。最后，我们证明了这种负向关系是由寻租和自我消费的增加所中介的。这项研究对遭受腐败的国家和打算摆脱腐败影响的公司具有重要意义。

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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Corruption culture and corporate social responsibility: evidence from China

ABSTRACT This paper investigates the impact of corruption culture on corporate social responsibility (CSR) of listed firms in China. Based on the theory of resource constraints, we find that firms located in regions with high levels of corruption culture have lower CSR, and this association still exists after using alternative measures of corruption culture and addressing potential endogeneity. Besides, we complement the literature by showing that the decrease in CSR is greater for firms with stronger political connections. Finally, we document that this negative relationship is mediated by the increase in rent-seeking and self-consumption. This study has important implications for countries that suffer from corruption and firms that intend to get rid of the influence of corruption.

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来源期刊

Asia-Pacific Journal of Accounting & Economics Multiple-

CiteScore

2.40

自引率

9.10%

发文量

期刊介绍： The Asia-Pacific Journal of Accounting & Economics (APJAE) is an international forum intended for theoretical and empirical research in all areas of economics and accounting in general. In particular, the journal encourages submissions in the following areas: Auditing, financial reporting, earnings management, financial analysts, the role of accounting information, international trade and finance, industrial organization, strategic behavior, market structure, financial contracts, corporate governance, capital markets, and financial institutions. The journal welcomes contributions related to the Asia Pacific region, and targets top quality research from scholars with diverse regional interests. The editors encourage submission of high quality manuscripts with innovative ideas. The editorial team is committed to an expedient review process.