文献类型：期刊文献

英文题名：Business Group-Affiliation and Corporate Social Responsibility: Evidence from Listed Companies in China

作者：Huang, Xin[1];Jiang, Xianling[1];Liu, Wei[2];Chen, Qian[1]

第一作者：Huang, Xin

通讯作者：Liu, W[1]

机构：[1]Univ Int Business & Econ, Sch Int Trade & Econ, Beijing 100029, Peoples R China;[2]Beijing Union Univ, Coll Business, Dept Finance, Beijing 100025, Peoples R China

第一机构：Univ Int Business & Econ, Sch Int Trade & Econ, Beijing 100029, Peoples R China

通讯机构：[1]corresponding author), Beijing Union Univ, Coll Business, Dept Finance, Beijing 100025, Peoples R China.|[1141721]北京联合大学商务学院;[11417]北京联合大学;

年份：2021

卷号：13

期号：4

起止页码：1-22

外文期刊名：SUSTAINABILITY

收录：;Scopus(收录号：2-s2.0-85101256149);WOS:【SSCI(收录号:WOS:000624809200001)，SCI-EXPANDED(收录号:WOS:000624809200001)】；

基金：This study was financially funded by the project of Beijing Philosophy and Social Science Foundation in 2016(16YJC045), named "Research on the influence mechanism of Beijing Science and technology finance network collaboration on enterprise innovation performance", project of the National Social Science Foundation in 2019(19BJL059) and the project of Beijing Union University in 2020(SK30202004), named "Impact of COVID-19 and economic policy response". This study was additionally supported by the academic research projects of Beijing Union College (No. XP202012).

语种：英文

外文关键词：business groups; CSR; internal capital market; rent-seeking; corporate reputation

摘要：Business groups have played a vital role in the development of emerging markets. However, we share very limited understanding in the role of business group that act on affiliated firms' CSR performance. Using manually sorted data on A-share listed companies and business groups in China from 2010-2017, we examine whether a company's business group-affiliation affects its corporate social responsibility (CSR) performance and the mediating mechanisms of this association. Our empirical models show that group companies bear a higher level of social responsibility compared to independent companies. This positive relationship between group-affiliation and social responsibility relies on resource allocation through internal capital markets, rent-seeking initiatives, and consideration of corporate reputation. Moreover, group affiliation benefits the firm's CSR performance in employee's responsibilities, consumers' responsibilities and environmental responsibilities, while significantly lower the shareholders' responsibilities. Our empirical valuation of group companies' CSR levels can serve as a benchmark for emerging market companies implementing social responsibility policies.