Redirigiendo al acceso original de articulo en 19 segundos...
ARTÍCULO
TITULO

Corporate Social Responsibility Risk and Firm Performance: A Network Perspective

Jiaqi Luo    
Mingxiao Bi and Dandan Jia    

Resumen

This study explored how corporate social responsibility (CSR) risk, social networks, and firm performance interacted in light of resource dependence theory and information asymmetry theory to bridge the literature gap between CSR risk and firm performance under the conditions of China?s network. We used data from Shanghai and Shenzhen A-share listed firms in China from 2010 to 2019 to conduct a social network analysis and random-effects GLS regression analysis. The study revealed the following: (1) CSR risk hurts financial performance, while structural holes and network density attenuate this effect; (2) CSR risk positively impacts capital performance, which is amplified by closeness centrality; (3) CSR risk harms innovation performance, while betweenness centrality and network density mitigate this effect. Despite CSR risk bringing short-term benefits, this effect is not sustained. Generally, CSR risks are more detrimental to firms than beneficial. In this study, we strengthen the basis of the research on CSR risk and firm performance, along with research on social networks, advising firms to avoid CSR risks and utilize their networks to mitigate such risks and achieve a better performance.

 Artículos similares

       
 
Retnoningrum Hidayah,Ahwan Sholih,Linda Agustina,Rita Rahayu     Pág. 34 - 48
Abstract: The study aims to determine the effect of disclosure of corporate social responsibility (CSRD), dividend policy, and audit committee financial expertise (ACFE) on earnings quality. It uses state ownership as a moderating variable. The populatio... ver más
Revista: Jurnal Economia

 
Reinier de Adelhart Toorop, Dirk Schoenmaker and Willem Schramade    
We investigate the decision rules for corporate investment by designing a company value frontier. This company value frontier allows for balancing the financial value and social and environmental impacts. This article develops novel value concepts?rangin... ver más

 
Carla Oliveira Henriques, Maria Elisabete Neves and João Jorge Couceiro    
This paper examines the efficiency of alternative energy equity Exchange-Traded Funds (ETFs) and conventional energy equity ETFs from 2018 to 2020, utilizing a combination of an output-oriented Slack-Based Data Envelopment Analysis (DEA) model and cluste... ver más

 
Hongyu Peng and Tirapot Chandarasupsang    
This paper empirically examines the impact of female directors on corporate ESG disclosure scores based on upper echelons theory and women?s ethics of care theory by conducting a multiple regression analysis on 8193 observations of Chinese listed compani... ver más

 
Ahmed Abdel Magid, Khaled Hussainey, Javier De Andrés and Pedro Lorca    
Despite the spread and progress in the literature related to the disclosure of corporate social responsibility (CSR) performance around the world as one of the most essential tools for achieving sustainable development in society, its value relevance is ... ver más