Orginal Article

Cross-listing and CSR performance: evidence from AH shares

  • Haina Shi 1 ,
  • Xin Zhang , 2 ,
  • Jing Zhou 3
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  • 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

Published date: 15 Jun 2018

Copyright

2018 Higher Education Press and Springer

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.

Cite this article

Haina Shi , Xin Zhang , Jing Zhou . Cross-listing and CSR performance: evidence from AH shares[J]. Frontiers of Business Research in China, 2018 , 12(2) : 126 -140 . DOI: 10.1186/s11782-018-0032-z

Outlines

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