Cross-listing and CSR performance: evidence from AH shares
Haina Shi , Xin Zhang , Jing Zhou
Front. Bus. Res. China ›› 2018, Vol. 12 ›› Issue (2) : 126 -140.
Cross-listing and CSR performance: evidence from AH shares
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.
Corporate social responsibility (CSR) / Cross-listing / Bonding / Emerging markets / Corporate governance / Institutional CSR / CRS performance / Technical CRS
Higher Education Press and Springer
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