Housing demolition attention, social responsibility pressure of manager and corporate value

Abstract

Purpose This study aims to examine whether corporate stconcerns on social responsibility issues pressurize corporate managers to act in a socially responsible way and how this affects corporate value. Design/methodology/approach This study follows previous studies such as Wu et al. (2008) and Jiang and Huang (2011) in using the research model. Findings The analysis shows that in regions where large attention paid to demolitions, corporate managers are under great pressure from corporate stakeholders and they thus act in more socially responsible ways; this, in turn, results in higher corporate values. Furthermore, in regions in which demolition events attract more attention, the increase in corporate value is relatively small for state-owned enterprises and unprofitable listed enterprises. Originality/value The findings demonstrate that internet governance heightens corporate stakeholders’ awareness of social responsibility, and this leads to pressure on corporate relative behaviors to satisfy the requests of corporate stakeholders, leading to an increase in corporate value and improvement in social welfare.

Measuring Territorial Social Responsibility and Sustainability Using the EFQM Excellence Model

“…Therefore, for the EFQM model to be useful in assessing territorial sustainability, it was necessary to adjust the criteria and results. This adaptation was firstly based on the analysis of the literature concerning the impact that the different criteria included in the model could have on SD and CSR, for example [5][6][7][8]10,[22][23][24][25][26].…”

“…Regardless of the models used to implement CSR, in recent decades, we have seen how companies have made greater commitments to society and increased their degree of responsibility, in many cases exceeding what is established by the regulations in their countries. The motivations are diverse: the particular interests of shareholders and their need to participate in the construction of an effective CSR system because of the benefits it brings [23], the altruistic inclination of the region and the benefits associated with socially responsible activity [24] or greater concern for sustainable development goals [25]. Nonetheless, the SR trend represents an opportunity for greater engagement and involvement by all social and business actors involved in economic growth.…”

Environmental, social, and governance performance and enterprise sustainable green innovation: Evidence from China

“…From the perspective of enterprise reputation, excellent ESG performance implies that enterprises actively fulfill social responsibilities, have an exceptional social reputation. The reputation effect of ESG has a driving effect on energy conservation and emission reduction in the industry (Zheng & Lu, 2018). From the perspective of enterprise development, government agencies at all levels have implemented environmental protection subsidy programs to stimulate the green transformation of enterprises.…”

“…From the perspective of enterprise reputation, excellent ESG performance implies that enterprises actively fulfill social responsibilities, have an exceptional social reputation. The reputation effect of ESG has a driving effect on energy conservation and emission reduction in the industry (Zheng & Lu, 2018).…”