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Frontiers of Business Research in China

ISSN 1673-7326

ISSN 1673-7431(Online)

CN 11-5746/F

Postal Subscription Code 80-977

Front. Bus. Res. China    2018, Vol. 12 Issue (2) : 126-140    https://doi.org/10.1186/s11782-018-0032-z
Orginal Article
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
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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
 Cite this article:   
Haina Shi,Xin Zhang,Jing Zhou. Cross-listing and CSR performance: evidence from AH shares[J]. Front. Bus. Res. China, 2018, 12(2): 126-140.
 URL:  
https://academic.hep.com.cn/fbr/EN/10.1186/s11782-018-0032-z
https://academic.hep.com.cn/fbr/EN/Y2018/V12/I2/126
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