Do common owners influence corporate social responsibility? Firm-level evidence from China

Yan, Suyan

doi:10.1016/j.cjar.2021.05.005

Cited by 9 publications

(4 citation statements)

References 69 publications

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“…Samet et al (2018) find that there is a negative relationship between CSR and financial constraints, and this alleviation effect is attributed by mitigation of agency conflict of free cash flow and information asymmetry. Yan (2021) shows that co-owned enterprises can benefit by easing financial constraints when they increase socially responsible investments. Ma et al (2023) conclude that after pollution emergency, firms choose to increase CSR to gain reputation and further ease financial constraints.…”

Section: Impact Of Csr On Financing Constraintsmentioning

confidence: 99%

A Systematic Literature Review Unveiling the Nexus between CSR and Financing Constraints in Different Scenarios: Facilitating, Inhibiting or Moderating?

Cheng,

San,

Hisyam Ab Razak

2024

IJARBSS

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Nowadays, firms are facing serious financing constraints and one of the mostly used method to alleviate this situation is to rebuild firms' reputations through increasing firms' corporate social responsibilities (CSR) performance. But the mechanisms between CSR and financial constraints are still not clearly and comprehensively demonstrated. Thus, based on above motivations, this literature is aimed at systematically reviewing the analysis of existing researches on the relationship between CSR and financing constraints by using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA). Keywords and Boolean operator are used to search articles in Scopus database related to this topic and the last search was done in Nov. 2023. Later, several inclusion and exclusion criteria are used to successfully identify 57 most relevant studies. This research then summaries these 57 articles, conducts bibliometric analysis and relationship analysis on them. Results indicate that there are facilitating, inhabitation and moderating effects between CSR and financial constraints. This study has some limitations such as it only searches relevant articles in Scopus, it includes articles not ranking in Journal Citation Report, it does not pose time constraints when selecting papers, it exists risk of author bias because it adopts qualitative method, and it has risks that not all of the relevant studies are included in this study. However, this study makes new contributions to existing study, providing academic contributions/implications on the thoroughly understandings of relationship and importance between CSR and financial constraints, and also providing practical contributions/implications for parties inside and outside the firms to understand how to appropriately use CSR to help alleviate financing constraints. Last but not least, several aspects that worth future research are also mentioned in the discussion part.

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Section: Impact Of Csr On Financing Constraintsmentioning

confidence: 99%

A Systematic Literature Review Unveiling the Nexus between CSR and Financing Constraints in Different Scenarios: Facilitating, Inhibiting or Moderating?

Cheng,

San,

Hisyam Ab Razak

2024

IJARBSS

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“…Additionally, in terms of economic benefits, socially responsible firms can earn more wealth for investors through reputation and competitive advantages (Petersen & Vredenburg, 2009). Therefore, to achieve the goal of maximizing portfolio value, common institutional ownership will use governance advantages to motivate firms to engage in green innovation and actively fulfill their social responsibility (Jiang & Bai, 2022; Yan, 2021), and it may even take their green innovation level as one of the reference criteria for reducing its holdings. In this case, when common institutional ownership sells stocks based on private information or liquidity demand, it often takes the lead in selling firms lagging in green innovation.…”

Section: Further Researchmentioning

confidence: 99%

“…Therefore, to avoid the negative impact of stock selling, firms will actively cater to the preferences of common institutional ownership. For example, Yan (2021) found that "voting with feet" through common institutional ownership can motivate firms to increase their socially responsible investments. Overall, according to rivalry-based imitation, under the dual background that common institutional ownership attaches importance to green innovation and the deterrent effect of their "voting with feet," firms will consciously pay attention to their own green innovation as well as those of their peers.…”

Section: Research Hypothesismentioning

confidence: 99%

Green innovation peer effects in common institutional ownership networks

Feng

2022

Corp Soc Responsibility Env

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As an important breakthrough in coordinating economic, social, and ecological benefits, green innovation has received wide attention from governments, firms, and the public. However, existing studies mainly explored the economic factors influencing firms' green innovation while neglecting social factors. This study took common institutional ownership as the research perspective to explore whether firms' green innovation decisions are affected by their peers. Using a sample of Chinese A-share listed firms from 2003 to 2019, this paper found that firms imitate their peers' green innovation in common institutional ownership networks and exhibit green innovation peer effects. Mechanism testing revealed that "voting with hands" through common institutional ownership helps firms obtain green innovation information (informationbased imitation), while "voting with feet" through common institutional ownership helps firms maintain a competitive awareness of green innovation (rivalry-based imitation), thereby contributing to green innovation peer effects in common institutional ownership networks. Heterogeneity analysis showed that firms with greater financing constraints and lower levels of risk-taking are more likely to imitate their peers' green innovation. Moreover, firms only regard peers with similar industry status and identical property rights as imitation targets in common institutional ownership networks, thereby following "the imitation law of closer preference." An analysis of economic consequences revealed that green innovation peer effects in common institutional ownership networks are not strategic behaviors of "quantity over quality," with imitation contributing to improving firm value. This paper enriches existing research on the influencing factors of green innovation and provides a new reference for promoting sustainable development.

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“…Corporate social responsibility (CSR) has attracted the attention of many sports and non-sports organizations and has become one of the main concerns of sports organizations (Trendafiova et al ., 2017; Zeimers et al ., 2019, 2021). CSR has become essential to corporate strategic management and it is an accepted and growing practice that CSR was able to maintain an enhanced competitive advantage (Yan, 2021; Jones et al ., 2018). CSR refers to the voluntary involvement of businesses in social, environmental, ethical and human rights issues as part of their activities and business relationships with their stakeholders (Nguyen et al ., 2021).…”

Section: Introductionmentioning

confidence: 99%

Measuring the patronage intentions among football fans: the role of corporate social responsibility, brand credibility and brand equity

Mansouri,

Rasaee Rad,

Tsiotsou

et al. 2024

IJSMS

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PurposeThe study aims to identify critical factors that influence football fans’ support of their favorite team by examining the impact of social responsibility, brand credibility and team brand equity on patronage intentions of professional football teams.Design/methodology/approachAn online survey collected data from 331 football fans of the Persian Gulf Premier League (PGPL) in Iran. The data were analyzed using partial least squares structural equation modeling (PLS-SEM).FindingsThe findings revealed that corporate social responsibility (CSR) is able to influence brand equity, brand credibility and patronage intentions. Also, brand equity and brand credibility were found to be positively related to patronage intentions. In addition to that, the findings show that brand equity and team credibility partially mediate the relationship between CSR and patronage intentions.Practical implicationsThe findings provide valuable insights to sports teams/club managers aiming to attract new fans and retain current ones by investing in CSR and enhancing brand credibility and equity. Strategies to integrate CSR into relationship marketing and brand management are outlined.Originality/valueThis study empirically highlights the critical role of adhering to CSR and the effects of brand credibility and equity in enhancing patronage intentions among football team fans.

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Do common owners influence corporate social responsibility? Firm-level evidence from China

Cited by 9 publications

References 69 publications

A Systematic Literature Review Unveiling the Nexus between CSR and Financing Constraints in Different Scenarios: Facilitating, Inhibiting or Moderating?

A Systematic Literature Review Unveiling the Nexus between CSR and Financing Constraints in Different Scenarios: Facilitating, Inhibiting or Moderating?

Green innovation peer effects in common institutional ownership networks

Measuring the patronage intentions among football fans: the role of corporate social responsibility, brand credibility and brand equity

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