publication . Article . 2017

Do Peer Firms Affect Firm Corporate Social Responsibility

Shenggang Yang; Heng Ye; Qi Zhu;
Open Access
  • Published: 01 Oct 2017 Journal: Sustainability, volume 9, page 1,967 (eissn: 2071-1050, Copyright policy)
  • Publisher: MDPI AG
Abstract
Peer-firm strategies are a critical factor for corporate finance, and corporate social responsibility (CSR) is the main trend for evaluating the behavior of firms. On the basis of the connection between peer strategy and CSR, this paper explores the CSR strategies employed by a sample of Chinese firms during the 2008–2015 period. Our two main empirical findings are as follows. First, the CSR strategies of firms have a positive effect on their CSR behavior. Second, when there is the CSR gap between firms and peer firms, firms will feel the pressure from stakeholders and the public and improve the level of CSR performance. Our paper enriches empirical research on ...
Subjects
free text keywords: peer effect, corporate social responsibility, firm behavior, Environmental effects of industries and plants, TD194-195, Renewable energy sources, TJ807-830, Environmental sciences, GE1-350
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