Peer effects of corporate social responsibility

• Main Authors: LIANG, Hao, ZHAN, Xintong
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2017
• Subjects: Corporate social responsibility; peer effects; product markets; shareholder proposal; regression discontinuity; Organizational Behavior and Theory; Social and Behavioral Sciences
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/5340; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6339/viewcontent/CaoLiangZhan_PeerEffectsCSR_WP.pdf
• Institution: Singapore Management University

We investigate how firms react to their peers' adoption of corporate social responsibility (CSR) by using a regression discontinuity design that relies on "locally" exogenous variations of CSR generated by shareholder proposals that pass or fail by a small margin of votes. Specificall...