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Journal article
Common Ownership and Corporate Social Responsibility
The Review of Corporate Finance Studies, v 10(3), pp 551-577
01 Sep 2021
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
This paper studies the effect of common ownership on corporate social responsibility (CSR). We find that common ownership is positively associated with a firm's CSR score. The effect is stronger for firms in more competitive industries. We propose a two-stage duopoly game in which CSR serves as a commitment device to expand output aggressively to understand the empirical results.
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Details
- Title
- Common Ownership and Corporate Social Responsibility
- Creators
- Xin Dai - Drexel UniversityYue Qiu - Temple University
- Publication Details
- The Review of Corporate Finance Studies, v 10(3), pp 551-577
- Publisher
- Oxford Univ Press
- Number of pages
- 27
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Accounting
- Web of Science ID
- WOS:000746045500004
- Other Identifier
- 991019167450204721
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- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Business, Finance