Frontiers of Business Research in China >
Cross-listing and CSR performance: evidence from AH shares
Published date: 15 Jun 2018
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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.
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
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