Corporate social responsibility reporting and firm performance: evidence from China

Cheng, Suwina; Lin, Kenny Z.; Wong, William

doi:10.1007/s10997-015-9309-1

Cited by 77 publications

(68 citation statements)

References 42 publications

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“…These researches also observe that corporate donations are bound to have a positive effect on the financial and non-financial performance of the company in the following year. These results corroborate that CSR is an appropriate practice to be implemented even in a developing country (Cheng et al, 2016). Feng, Wang, and Kreuze (2017) investigate how the relationship between a company involvement in CSR and the firm financial performance varies in different branches of industry and CSR categories.…”

Section: Corporate Social Responsibility and Reportingsupporting

confidence: 58%

“…Scientists investigate CSR-related aspects in terms of stakeholder relation and communication (Basu & Palazzo, 2008), the impact of stakeholder relations on corporate sustainability (Choi & Wang, 2009), CSR awareness in the group of stakeholders and its relation with corporate investment, corporate financial results, and employee loyalty (Sen, Bhattacharya, & Korschun, 2006). Cheng, Lin, and Wong (2016) emphasize that previous company performance has an important positive influence on the publication of the standalone CSR reports. In the same vein, the current CSR reports are related with the performance to be achieved in the next period.…”

Section: Corporate Social Responsibility and Reportingmentioning

confidence: 99%

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Corporate Social Reporting as a Business Improvement Tool

Bagieńska

2018

10th International Scientific Conference “Business and Management 2018”

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Corporate Social Responsibility (CSR) provides the contribution of business to the implementation of sustainable development enabling to achieve a balance between business effectiveness, as well as the social interests and environmental protection. The CSR report presents the results of economic and social activities of enterprise. The CSR report creates the possibility of evaluation of the enterprise achievements in the context of financial and non-financial expectations of stakeholders different from financial capital providers. The aim of the paper is to present the role and importance of CSR reporting based on international standards and guidelines as well as to identify the main evaluation criteria. The analysis of the contents of the CSR reports submitted to the Competition CSR Report in the years of 2011–2016 shows what tools and key performance indicators are used. On the basis of the research results, the method of assessment of the CSR activities were proposed.

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Section: Corporate Social Responsibility and Reportingsupporting

confidence: 58%

Section: Corporate Social Responsibility and Reportingmentioning

confidence: 99%

Corporate Social Reporting as a Business Improvement Tool

Bagieńska

2018

10th International Scientific Conference “Business and Management 2018”

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“…Investigations emphasizing the philanthropic component of Chinese CSR-engagement include Williams (2003), Wang and Qian (2011), Jia and Zhang (2012, Chen at al. (2015), Lin et al (2015) and Cheng et al (2016).…”

Section: Introductionmentioning

confidence: 99%

“…In terms of disclosure activity, Cheung, Lin and Wong (2015) show, for 2008 and 2009 CSR reporting in China, that disclosure is increasing in prior year's financial performance level. ROA figures also appear higher in the year immediately following disclosure.…”

mentioning

confidence: 99%

The role of board gender and foreign ownership in the CSR performance of Chinese listed firms

McGuinness

Vieito

Wang

2017

Journal of Corporate Finance

640

473

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China's recent promotion of Corporate Social Responsibility (CSR) has coincided with a marked increase in the number of Chinese listed firms attracting female board members and foreign equity investors. Using Rankins' (RKS) ratings over the 2009 to 2013 period, we show that greater gender balance in top-management supports stronger CSR performance. This finding broadens gender-based accounts emphasizing social networks (Westphal and Milton, 2000), Critical Mass Theory (Kramer et al., 2006;Bear et al., 2010;and Soares et al., 2011) and team dynamics (Woolley et al., 2010;and Hoogendoorn et al., 2013). Findings also reveal stronger CSR performance in firms with a female CEO. Female leadership thus appears to be just as important as gender mix in driving CSR change.CSR ratings are also increasing in foreign ownership levels. We examine whether a political-networking motivation underlies foreign investment (Du and Girma, 2010;Liu et al., 2014a;Lin et al., 2015;and Jiang and Kim, 2015). We argue that qualified foreign institutional investors (QFIIs) deploy socialengagement in non-SOEs to build competitive advantage. But in SOEs, where strong political networks already exist, QFIIs have less incentive to boost CSR ratings. However, results indicate little difference in the social ratings of QFII-invested SOEs and non-SOEs.Additionally, we confirm the Barnea and Rubin (2010) contention of an inversion in social ratings at entrenched managerial ownership levels. Non-linear rating effects also emerge in relation to state ownership (Li et al., 2013). Finally, CSR performance exhibits positive (negative) relation with a listed entity's size and age (leverage and lagged return-on-equity) but virtually no connection with independent board representation.

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“…Linking back to the original relationship of investigation, previous research predominantly shows that engaging in socially responsible actions increases firm (financial) performance (Cheng et al 2016;Hasan et al 2018;Sweeney, Coughlan 2013). Contrastingly, Victoria- López et al (2007) find a negative relationship between CSR and corporate performance.…”

Section: Sustainable Development Goals As a Moderating Variablementioning

confidence: 99%

The Effect of Product Diversification on Corporate Social Performance in the Non-Renewable Energy Industry: Exploring the moderating effects of host country development and the Sustainable Development Goals

Jongsma

Pennink²

2020

CEREM

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Aim: Building upon stakeholder and institutional theory, this paper investigates the relationship between product diversification and corporate social performance (CSP), thereby attempting to make essential contributions to the current literature. Based on an extensive literature review, it was expected that related, unrelated and total product diversification are positively related to CSP. Moreover, it was hypothesized that the exposure to weak institutional host country environments negatively affects the relationship between diversification and CSP, and that the Sustainable Development Goals (SDGs) have a positive effect on the relationship. Design / Research methods: The sample selected for this research is the non-renewable energy industry, since the industry shows great divergence in terms of corporate social responsibility (CSR) performance. In addition, the industry is highly susceptible to regulatory changes, while the Sustainable Development Goals have an enormous focus on the reliability and sustainability of energy, making it a highly relevant industry to study. This study analyzed 40 a 40 non-renewable energy firms over a time frame of seven years, by using OLS regression. Conclusions / findings: The results reveal that unrelated diversification is positively related to CSP, while the other forms of diversification show insignificant results. Contrary to expectations, the Sustainable Development Goals negatively affect the relationship between product diversification and CSP, while the moderating effect of exposure to weak institutional environments is insignificant. Originality / value of the article: Research on the relationship between product diversification on corporate financial performance is well-established, but the way in which product diversification influences a firm’s behavior towards stakeholder demands and social concerns remains largely unexplored. Accordingly, the results of this study challenge existing theories while adding more context to the existing relationship, and in turn provide promising avenues for future research.

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Corporate social responsibility reporting and firm performance: evidence from China

Cited by 77 publications

References 42 publications

Corporate Social Reporting as a Business Improvement Tool

Corporate Social Reporting as a Business Improvement Tool

The role of board gender and foreign ownership in the CSR performance of Chinese listed firms

The Effect of Product Diversification on Corporate Social Performance in the Non-Renewable Energy Industry: Exploring the moderating effects of host country development and the Sustainable Development Goals

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