利益相关者需求与企业社会责任:来自奥运会的证据

IF 1.9 Q2 BUSINESS, FINANCE China Journal of Accounting Research Pub Date : 2023-09-01 DOI:10.1016/j.cjar.2023.100307
Trung K. Do , Henry Hongren Huang , Liwei Shan , Albert Tsang , Li Yu
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引用次数: 1

摘要

我们提出,利益相关者的需求可以解释企业的企业社会责任(CSR)活动,并使用来自多个国家的2002-2016年面板数据对我们的主张进行实证检验。我们选择奥运会作为我们的实验背景,并使用差异中的差异设计。我们发现,与申办奥运会失败的国家的企业相比,位于主办奥运会国家的企业随后在企业社会责任承诺方面的增长要小得多。我们还发现,与同一国家其他城市的企业相比,位于奥运会主办城市的企业社会责任增长幅度要小得多。额外的测试表明,幸福感水平提高幅度更大的东道国企业的社会责任增长幅度往往更小。我们的研究结果与利益相关者的需求解释一致,因为如果公用事业(如环境改善事业)增加,利益相关者不太可能要求当地公司投资企业社会责任。负责人:奥林匹克运动会和CSR。
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Stakeholder demands and corporate social responsibility: Evidence from the Olympic Games

We propose that stakeholder demand can explain firms’ corporate social responsibility (CSR) activities and empirically test our proposition using 2002–2016 panel data from multiple countries. We select the Olympic Games as our experimental context and use a difference-in-differences design. We find that firms domiciled in countries that host the Olympic Games subsequently experience a significantly smaller increase in CSR commitment than firms in countries that unsuccessfully bid to host the Olympics. We also find that firms domiciled in cities that host the Olympic Games exhibit a significantly smaller increase in CSR than those domiciled in other cities in the same country. Additional tests indicate that firms in host countries with greater increases in the levels of happiness tend to experience an even smaller increase in CSR. Our findings are consistent with the stakeholder demand explanation, as stakeholders are less likely to require local firms to invest in CSR if utilities, such as those from environmental improvement, increase.

Running head: Olympic Games and CSR.

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来源期刊
CiteScore
4.70
自引率
0.00%
发文量
295
审稿时长
15 weeks
期刊介绍: The focus of the China Journal of Accounting Research is to publish theoretical and empirical research papers that use contemporary research methodologies to investigate issues about accounting, corporate finance, auditing and corporate governance in the Greater China region, countries related to the Belt and Road Initiative, and other emerging and developed markets. The Journal encourages the applications of economic and sociological theories to analyze and explain accounting issues within the legal and institutional framework, and to explore accounting issues under different capital markets accurately and succinctly. The published research articles of the Journal will enable scholars to extract relevant issues about accounting, corporate finance, auditing and corporate governance related to the capital markets and institutional environment.
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