Peer effects of corporate social responsibility

• Main Authors: CAO, Jie, LIANG, Hao, ZHAN, Xintong
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: corporate social responsibility; peer effects; shareholder proposal; regression discontinuity; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6584; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7583/viewcontent/Peer_CSR_av.pdf
• Institution: Singapore Management University

We investigate how firms react to their product-market peers' commitment to and adoption of corporate social responsibility (CSR) using a regression discontinuity design approach. Relying on the passage or failure of CSR proposals by a narrow margin of votes during shareholder meetings, we find...