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Do Japanese keiretsu promote better CSR activities?

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  • Yoshida, Kenichi
  • Iino, Yoshiaki
  • Managi, Shunsuke

Abstract

This study analyzes the relationship between corporate social responsibility (CSR)-related activities and supply chain networks. We focus on horizontal corporate groups (keiretsu) as proxies of supply chain networks. The relationships between independent companies and companies that belong to these keiretsu in terms of differences in their CSR activity implementation are identified and clarified using quantitative analysis techniques. This study uses a propensity score matching method to narrow a sample to include only keiretsu companies and independent companies with characteristics similar to those of keiretsu companies. Based on the results, even after controlling for yushi-keiretsu and the elements that define a corporate group, we find that keiretsu companies consistently engage in CSR activities. Remarkably, the Mitsubishi Group has a strong tendency to engage in CSR activities.

Suggested Citation

  • Yoshida, Kenichi & Iino, Yoshiaki & Managi, Shunsuke, 2022. "Do Japanese keiretsu promote better CSR activities?," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 452-475.
    • Handle: RePEc:eee:ecanpo:v:76:y:2022:i:c:p:452-475
    DOI: 10.1016/j.eap.2022.08.018
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    More about this item

    Keywords

    CSR activity; Japanese corporate system; Factor analysis;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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