Does stock price crash risk affect corporate social responsibility disclosure?

Li, Kun

doi:10.1080/13504851.2023.2182403

Cited by 3 publications

(3 citation statements)

References 21 publications

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“…In practice, we still take the released CSR reports as the main channel to track corporate activities related to environmental sustainability. Firms are inclined to participate in CSR activities and disclose them in various forms, which has gradually become a trend during the last 15 years (Li, Khalili and Cheng, 2019; Li, He, Dbouk and Zhao, 2021; Li, 2023) [32][33][34].…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Are Higher-Educated Employees More Responsible? A Study about Employee Quality and Corporate Environmental Sustainability

Fang,

2024

Sustainability

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This paper explores how employee quality affects companies’ actions in terms of environmental protection and sustainable development. We use the proportions of the workforce with three education levels as proxies for employee quality and examine their respective impacts on three dimensions of corporate environmental sustainability: (1) reporting, (2) quality and standardization, and (3) attention and initiative. We investigate over 1300 firms listed in Chinese stock markets from 2006, the year when Chinese firms first released environmental issues and the Chinese regulatory divisions first announced a guideline, to 2021. The results indicate the following: (a) employee quality is positively associated with the reporting of corporate environmental sustainability, (b) companies with more educated employees are more likely to provide environmental and sustainable information with high standards and quality, and (c) companies with more educated employees are more likely to release environmental and sustainable information in solo reports as a reflection of the corporate attention on and initiative in environmental sustainability. Moreover, we find that employees at higher education levels have a stronger impact on corporate environmental sustainability. This paper contributes to the literature on human capital and environmental management.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Are Higher-Educated Employees More Responsible? A Study about Employee Quality and Corporate Environmental Sustainability

Fang,

2024

Sustainability

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“…The more relevant departments strengthen the supervision of such shares, the less the stock price will be manipulated. On the contrary, the smaller the scale, the the stock price volatility [8]. The larger the company, the more mature and optimized its operation and management, the stronger its profitability and anti-risk ability, and the stronger its stability in market changes and stock index fluctuations.…”

Section: Company Size (Cs)mentioning

confidence: 99%

Research on the Impact of Negative Public Opinion on the Stock Price of Listed Companies Based on Multiple Linear Regression

Jiang¹,

Xue²,

Wang³

2023

Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022

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Network negative public opinion events often have a short-term and profound impact on the stock price of companies listed on the A-share plate, which has attracted the attention of investors and society. Based on this background, this paper analyzes the impact of network negative public opinion events on the stock price of A-share listed and puts forward the coping strategies of listed companies to deal with negative public opinion events. Firstly, this paper summarizes the importance of the research in theory. Secondly, by selecting appropriate sample data for empirical regression analysis, it concludes that when public opinion events occur in listed companies, the nature of public opinion events, the popularity of public opinion, the negative emotional tendency of Internet users, and the scale of enterprises have a significant impact on the company's stock price.

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“…In the current low-carbon context, stakeholders who have a vested interest in companies are more concerned about carbon emissions (Gong et al, 2021) and often require companies to actively fulfill their social responsibilities, strictly monitor their carbon emissions, and ultimately improve their carbon performance. According to the signal theory, fulfillment of social responsibility can convey the excellent operation of enterprises to the market (Li & Li, 2023) to help enterprises obtain more social resources and thus promote carbon reduction. According to social exchange theory, market exchanges are based on the rational balance of the interests of individuals, and decisions are made to maximize personal utility.…”

Section: Introductionmentioning

confidence: 99%

Study on the impact of corporate social responsibility on carbon performance in the background of carbon peaking and carbon neutrality

Meng,

Zang,

2023

Business Ethics Env & Resp

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In the context of “carbon peaking and carbon neutrality,” companies are responsible for actively reducing carbon emissions and achieving a balance among economic, environmental, and social benefits. From a non‐economic perspective, this study chose a sample of 9872 A‐share manufacturing companies listed on the Shanghai and Shenzhen Stock Exchanges from 2010 to 2019. This study used the fixed‐effect model to explore the mechanism of corporate social responsibility (CSR) and its three sub‐dimensions (shareholder rights, employee rights, and social contribution) on corporate carbon performance. This study also examined the mediating mechanism of government subsidy and the moderating effects of internationalization and corporate governance as internal and external factors. The results show that: (1) CSR can significantly improve corporate carbon performance, and government subsidies play a partial intermediary role. (2) CSR significantly promotes carbon performance for firms with lower internationalization levels and higher corporate governance levels. (3) Heterogeneous conditions such as CSR disclosure willingness, CSR report quality, and corporate attributes have different impacts on corporate carbon performance. These findings can help government agencies formulate policies to promote CSR and restrain corporate carbon emissions. Corporate managers can also fulfill CSR and improve carbon performance through government subsidies, internationalization, and corporate governance.

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Does stock price crash risk affect corporate social responsibility disclosure?

Cited by 3 publications

References 21 publications

Are Higher-Educated Employees More Responsible? A Study about Employee Quality and Corporate Environmental Sustainability

Are Higher-Educated Employees More Responsible? A Study about Employee Quality and Corporate Environmental Sustainability

Research on the Impact of Negative Public Opinion on the Stock Price of Listed Companies Based on Multiple Linear Regression

Study on the impact of corporate social responsibility on carbon performance in the background of carbon peaking and carbon neutrality

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