文章基本信息

标题：How government withdrawal affects corporate social performance?
本地全文：下载
作者：Farman Ullah Khan ; Junrui Zhang ; Sajid Ullah 等
期刊名称：Revista de Contabilidad
电子版ISSN：1138-4891
出版年度：2022
卷号：25
期号：1
DOI：10.6018/rcsar.399841
语种：English
出版社：Elsevier B.V.
摘要：This study aims to investigate whether government withdrawal affect corporate social responsibility (CSR) performance, and how CEO’s political connection moderates its relationship. We use sample data from Chinese listed firms over the 2010 to 2015 period to test our hypotheses. We find that decrease in state ownership through government withdrawal tends to negatively affect firms’ CSR performance, but the CEO’s political connection weakens its negative relationship and increases the firm’s likelihood towards CSR activities. Our findings imply that firm’s social engagement mainly result from high governmental involvement, and usually from political connections, because such firms are subject to close scrutiny by stakeholders and thus are more likely to improve social performance. Moreover, this research provides important implications to policy makers regarding the social outcomes of government withdrawal and the usefulness of firms’ political connection in developing economies like China.