On the foundations of corporate social responsibility

• Main Authors: Hao LIANG, RENNEBOOG, Luc
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2017
• Subjects: Corporate social responsibility; legal origins; stakeholder orientation; firm value; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/5014; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6013/viewcontent/OnTheFoundationsOfCSR.pdf
• Institution: Singapore Management University

A firm’s corporate social responsibility (CSR) practice and its country’s legal origin are strongly correlated. This relation is valid for various CSR ratings coming from several large datasets that comprise more than 23,000 large companies from 114 countries. We find that CSR is more strongly and c...