The impacts of institutional distance on corporate social responsibility "glocalisation" : evidence from international construction

2018 ◽  
Author(s):  
Meng Ye
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Institutional Distance ◽  
International Construction ◽  
Corporate Social

scholarly journals Foreign Ownership and Corporate Social Responsibility: Evidence from China

2021 ◽  
Vol 13 (2) ◽  
pp. 508
Author(s):  
Mingyuan Guo ◽  
Chendi Zheng
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Positive Impact ◽  
Listed Companies ◽  
Foreign Ownership ◽  
Institutional Distance ◽  
Corporate Social ◽  
The Impact ◽  
Moderating Role

This paper employs the data of corporate social responsibility rating score of A-share listed companies in China from 2009 to 2018 as a sample to verify the impacts of foreign ownership on corporate social responsibility. Furthermore, this paper explores the moderating role of legal institutional distance and economic institutional distance in the impact of foreign ownership on corporate social responsibility. The empirical results of panel data models show that: Firstly, foreign ownership has a significant positive impact on corporate social responsibility. Secondly, legal institutional distance and economic institutional distance have a positive moderating role in the impacts of foreign ownership on corporate social responsibility. The results of propensity score matching, two-stage least squares and alternative variables methods also give strong backing to the above conclusions. Finally, this paper puts forward that China’s listed companies are supposed to make full use of the supervision power of foreign ownership to promote corporate social responsibility.

scholarly journals Pay for Being Responsible: The Effect of Target Firm’s Corporate Social Responsibility on Cross-Border Acquisition Premiums

2019 ◽  
Vol 11 (5) ◽  
pp. 1291 ◽  
Author(s):  
Lu Qiao ◽  
Jianfeng Wu
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Cultural Distance ◽  
Institutional Distance ◽  
Target Firm ◽  
Socially Responsible ◽  
Cross Border ◽  
Acquisition Premium ◽  
Corporate Social

This study examines the effect of a target firm’s corporate social responsibility (CSR) on its cross-border acquisition premium. Building upon the resource-based view and the institutional theory, we argue that the target firm’s CSR positively affect the cross-border acquisition premium, while institutional distance, cultural distance, and the number of fellow acquisitions moderate the above relationship. Hypotheses are tested in a sample of 252 cross-border acquisitions between 1991 and 2016. Empirical findings show that an acquirer is more likely to pay a higher acquisition premium when acquiring a socially responsible target firm; furthermore, such an effect weakens as institutional distance, cultural distance, and the number of fellow acquisitions increase. This study extends existing research on the importance of CSR as a strategic asset and sheds new light on the role of CSR played in the setting of cross-border acquisitions.

Sign in / Sign up

Export Citation Format

Share Document