Corporate Social Responsibility, Religion, and Firm Risk

Cui, Jinhua; Jo, Hoje; Na, Haejung

doi:10.1111/ajfs.12171

Cited by 17 publications

(18 citation statements)

References 114 publications

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“…Legitimacy theory is based on the notion that companies must act within the bounds of what society deems to be socially acceptable behavior, in order to continue to operate successfully (Jupe, 2005). Companies are more likely to be granted a social license to operate (SLO) and/or organizational legitimacy if they provide society friendly initiatives (Cui et al, 2017). The public will give a positive reaction to the company because the disclosure of CSR activities shows the level of company compliance with prevailing norms, as well as public expectations of the company (Branco & Rodrigues, 2008).…”

Section: Figure 1 Graph Of Standard Deviation Movements Of Stock Retmentioning

confidence: 99%

The Effect of CSR Disclosure On Firm Risk In Mining Companies Listed On IDX

Thanaya

Widanaputra

2019

E-Jurnal Akuntansi

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This research aims to obtain empirical evidence on the effect of corporate social responsibility disclosure on firm risk. This research was conducted on mining companies listed on Indonesia Stock Exchange in 2015-2017. The sample determination method is purposive sampling, with 109 observations. The data analysis technique used is simple linear regression analysis. Based on the research results, it is known that corporate social responsibility disclosure has a negative effect on firm risk. This means that the more CSR disclosure of a company, the lower the firm risk. The implications of the research results supports the signaling theory, stakeholder theory, and legitimacy theory, where risk management efforts are done by sending positive signals through the disclosure of CSR information, to gain the support and trust from the company's stakeholders, and increase the organization's legitimacy. On the other hand, this research provides additional information for all company stakeholders in making decisions.

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Section: Figure 1 Graph Of Standard Deviation Movements Of Stock Retmentioning

confidence: 99%

The Effect of CSR Disclosure On Firm Risk In Mining Companies Listed On IDX

Thanaya

Widanaputra

2019

E-Jurnal Akuntansi

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“…Several other studies have suggested that religiosity in a community also influences corporate decision making (Cui, Jo, Na, et al, ; Cui, Jo, & Velasquez, ; Cui et al, ; ; Dyreng et al, ; El Ghoul et al, ; Hilary & Hui, ; McGuire, Newton, et al, ; McGuire, Omer, et al, ; Nash, ; Omer et al, ). Nash (), for example, states that in interviews conducted with “evangelical CEOs,” those executives that demonstrated a commitment to religion, indicated that their religious commitment “guided” their decisions.…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 96%

“…Therefore, the religiosity of a region has substantial influence on the moral behavior of those residing in that region, as communities with a high level of religiosity promote conformity to their religious morality (Pescosolido, ; Regnerus, ; Stark, Doyle, & Kent, ). Religious context matters, and local levels of religiosity will influence the behaviors of the community's residents (Cui et al, ; Cui, Jo, Na, et al, ; Cui, Jo, & Velasquez, ; Ellison, Burr, & McCall, ; Greeley, McCready, Sullivan, & Fee, ; Leege & Welch, ; Wald, Owen, & Hill, ).…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

“…Our measure of Christian religiosity in the United States is based on the data set contained in the American Religion Data Archive (ARDA), which has been used for this purpose by Cui, Jo, Na, et al (), Cui, Jo, and Velasquez (), Cui et al (), Cui et al, , Cui et al, ), Dyreng et al (), El Ghoul et al (), Grullon, Kanatas, and Weston (), and Hilary and Hui (), among others. The ARDA provides the “U.S.…”

Section: Data Measurement and Research Designmentioning

confidence: 99%

“…Previous studies have investigated how Christian religiosity in the United States affects corporate diversity (Cui, Jo, Na, et al, ), a company's investment and financing decisions (Hilary & Hui, ), environmental practices (Cui, Jo, & Velasquez, ), employee‐friendly policies (Cui et al, ), financial reporting (Dyreng et al, ; McGuire, Omer, et al, ; Omer et al, ), equity pricing (El Ghoul et al, ), CSR decisions (Brammer et al, ; McGuire, Newton, et al, ), firm risk (Cui, Jo, & Na, ), and community involvement (Cui et al, ). We contribute to this literature by investigating how Christian religiosity in the United States affects a company's human rights initiatives.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Pray local and act global? Christian religiosity in the U.S. and human rights

Cui

2018

Business Ethics: A Eur Rev

Self Cite

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This study examines the influence of Christian religion on corporate decisions related to human rights in the United States. Specifically, it examines the empirical association between a company's human rights practices and the Christian religiosity in its local community, as well as individual CEO religiosity in the United States, both of which have not been tested in prior studies. Employing a large sample from the United States, we find a congruent association between the "human rights friendly" practices of a company and the Christian religiosity of the local community. This novel finding is robust to a diverse set of tests. In addition, we find that the association between Christian religiosity in the United States and human rights is more significant in reducing human rights concerns, than it improves human rights strengths.This study interprets these results as upholding the religious morality hypothesis, namely, that companies located in areas with higher religiosity are likely to engage in more human rights-friendly practices, and the United States. Christians consider religion as an influencing factor that encourages managers to embrace human rights.Furthermore, this study finds that individual religious managers tend toward more human rights-friendly practices, supporting our religious manager hypothesis.

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The relationship between managerial entrenchment and firm risk‐taking on social responsibility disclosure

Salehi

Dashtbayaz

Abdulhadi

2020

Journal of Public Affairs

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The current study aims to investigate the relationship between managerial entrenchment and firm risk‐taking and corporate social responsibility in two developing countries. The study is carried out based on the information from listed firms on the Tehran and Iraq Stock Exchange by selecting a sample of 121 firms in the Iranian side and 37 firms in the Iraqi side during 2011–2017. Hypothesis testing is performed using panel estimators in the adjusted regression model. The results show a significant relationship between managerial entrenchment and social responsibility disclosure and firm risk‐taking both in the Iranian and Iraqi Stock Exchange. Moreover, no relationship was evident between social responsibility disclosure and firm risk‐taking. On the other hand, results show that in firms with higher risk‐taking, there is a strong relationship between managerial entrenchment and social responsibility both in the Iranian and Iraqi firms.

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Corporate Social Responsibility, Religion, and Firm Risk

Cited by 17 publications

References 114 publications

The Effect of CSR Disclosure On Firm Risk In Mining Companies Listed On IDX

The Effect of CSR Disclosure On Firm Risk In Mining Companies Listed On IDX

Pray local and act global? Christian religiosity in the U.S. and human rights

The relationship between managerial entrenchment and firm risk‐taking on social responsibility disclosure

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