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Common Ownership and Corporate Social Responsibility
Journal article   Open access  Peer reviewed

Common Ownership and Corporate Social Responsibility

Xin Dai and Yue Qiu
The Review of Corporate Finance Studies, Vol.10(3), pp.551-577
01 Sep 2021
url
http://hdl.handle.net/10125/64815View
SubmittedOpen Access (License Unspecified) Open

Abstract

Business & Economics Business, Finance Social Sciences
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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UN Sustainable Development Goals (SDGs)

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#9 Industry, Innovation and Infrastructure

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Collaboration types
Domestic collaboration
Web of Science research areas
Business, Finance