|
|
Cross-listing and CSR performance: evidence from AH shares |
Haina Shi1, Xin Zhang2(), Jing Zhou3 |
1. School of Management, Fudan University, Shanghai, China 2. School of Management, Fudan University, Shanghai, China 3. SHU-UTS SILC Business School, Shanghai University,Shanghai, China |
|
|
Abstract This study investigates the association between corporate social responsibility (CSR) performance and cross-listing. In a clean setting where a change in CSR performance can be attributed to the cross-listing, we find a statistically significant and economically meaningful increase in CSR performance for the cross-listed firms. Moreover, such an increase comes mostly in technical CSR, which targets the firms’ primary stakeholders. We also find that the positive association between cross-listing and CSR improvements is more pronounced for firms with weak corporate governance. The results hold under a variety of different robustness checks.
|
Keywords
Corporate social responsibility (CSR)
Cross-listing
Bonding
Emerging markets
Corporate governance
Institutional CSR
CRS performance
Technical CRS
|
Issue Date: 05 July 2018
|
|
|
Viewed |
|
|
|
Full text
|
|
|
|
|
Abstract
|
|
|
|
|
Cited |
|
|
|
|
|
Shared |
|
|
|
|
|
Discussed |
|
|
|
|