Do negative investor attitudes drive corporate social responsibility? Evidence from China. Issue 1 (16th November 2021)

• Record Type: Journal Article
• Authors: Tong, Lijing; Wen, Wen; Xie, Lu; Wu, Bin
• Is Part Of: Business ethics, the environment & responsibility. Volume 31:Issue 1(2022)
• Page Start: 239
• Page End: 256
• Publication Date: 2021-11-16
• Subjects: investor attitudes -- corporate social responsibility -- investor relationship; Business ethics -- Periodicals; Social responsibility of business -- Periodicals; Business enterprises -- Environmental aspects -- Periodicals; 174.4; 174.4
• DOI: 10.1111/beer.12405
• Languages: English
• ISSNs: 2694-6416

Abstract

Abstract: This study explores the association between negative investor attitudes and corporate social responsibility. We conjecture that negative investor attitudes may drive firms to engage more actively in corporate social responsibility to improve shareholder perceptions. Consistent with this expectation, we find that firms facing negative investor attitudes exhibit better CSR performance, and this association is more pronounced in firms that receive more attention from investors and attach more importance to investor relationships. Overall, this study highlights the influence of investor attitudes on corporate social responsibility and contributes to the literature on the determinants of corporate social responsibility.