• Out-of-Stock

New Insights on Corporate Social Responsibility and Country-level Institutions in Western Europe [extrait BMI 136-137]

Author :
€50.00
Tax included
Quantity
Add to wishlist
Out-of-Stock

Version numérique PDF

We investigate the relationship between Corporate Social Performance (CSP) and countrylevel institutions for a sample of Western European firms from 13 countries over the period 2003 to 2010. We consider five different institutional factors and distinguish two categories of measures: country?s quality of legal institutions and laws protecting shareholder rights. Our results show that firms from countries with better institutional environment are more likely to engage in CSR activities, supporting both the prominent role of institutional environment in explaining CSP variation across firms and the CSR-value enhancing view. Moreover, both country?s quality of legal institutions and laws protecting shareholders rights explain scores on four domains: Environment, Corporate Governance, Human Resources and Human Rights. However, Business Behavior domain is only related to an indicator measuring laws protecting shareholders rights. Community Involvement is related to the quality of legal institutions in the country. Finally, we show that CSP is negatively affected by leverage and positively affected by firm size. However, CSP is not related to firm profitability.JEL Codes: G11; G12; G32; G34; M14.Keywords: Corporate Social Responsibility (CSR); Environmental; Social And Governance (Esg) Considerations; Firm Value; Stakeholders; Investor Protection; Institutions.

Auteurs :Ben Khediri Karim
Extrait de la revue BMI 136-137

BMI136-137-1122490
New

16 other products in the same category:

This website uses cookies to ensure you get the best experience on our website