Skip to main content

Research Repository

Advanced Search

Ownership influence and CSR disclosure in China

Hu, Yuan Yuan; Zhu, Yanhui; Tucker, Jon; Hu, Yuxiao

Ownership influence and CSR disclosure in China Thumbnail


Authors

Yuan Yuan Hu

Yanhui Zhu Yanhui.Zhu@uwe.ac.uk
Senior Lecturer in Economics

Yuxiao Hu



Abstract

© 2018, Emerald Publishing Limited. Purpose: This paper aims to examine the relationship between ownership type and the likelihood of publication of a corporate social responsibility (CSR) report. Design/methodology/approach: Drawing on stakeholder salience theory, the probit model is used for a sample of 1,839 Chinese listed firms to study how different types of owners influence firm CSR engagement. Findings: The analysis reveals that the Chinese stock exchanges exert a positive influence on the likelihood of a firm producing a CSR report, an effect which is more significant in state-owned enterprises (SOEs). Foreign investors lead to a greater likelihood of publication of a CSR report, though this effect is weaker in SOEs. In contrast, the holdings of state and domestic institutional investors are broadly neutral. Practical implications: The study helps corporate managers to recognise how particular types of shareholders will value their efforts regarding CSR activities and disclosure and also assists policymakers in improving the level of CSR disclosure through the development of new policy. Social implications: Apposite CSR disclosure enhances trust and facilitates the shared values on which to build a more cohesive society. Originality/value: The novelty of this study is that it addresses the effect of institutional investors on Chinese firm CSR engagement and thus provides an important insight for firms, investors and other stakeholders into the interplay of portfolio investment and CSR.

Citation

Hu, Y. Y., Zhu, Y., Tucker, J., & Hu, Y. (2018). Ownership influence and CSR disclosure in China. Accounting Research Journal, 31(1), 8-21. https://doi.org/10.1108/ARJ-01-2017-0011

Journal Article Type Article
Acceptance Date Jul 27, 2017
Online Publication Date May 8, 2018
Publication Date May 8, 2018
Deposit Date Aug 7, 2017
Publicly Available Date Jun 9, 2018
Journal Accounting Research Journal
Print ISSN 1030-9616
Publisher Emerald
Peer Reviewed Peer Reviewed
Volume 31
Issue 1
Pages 8-21
DOI https://doi.org/10.1108/ARJ-01-2017-0011
Keywords CSR, foreign investors, SOEs, institutional investors, stakeholder salience theory, stock exchange
Public URL https://uwe-repository.worktribe.com/output/867531
Publisher URL http://dx.doi.org/10.1108/ARJ-01-2017-0011
Additional Information Additional Information : This is the author's accepted manuscript. The final published version is available here: http://dx.doi.org/10.1108/ARJ-01-2017-0011.

Files







You might also like



Downloadable Citations