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Does corporate social responsibility benefit society? Evidence from Latin America

Author

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  • Galinato, Gregmar I.
  • Hyland, Marie
  • Islam, Asif M.

Abstract

This article measures the impact of firms' declaration of Corporate Social Responsibility (CSR) on education and environmental quality. We use 2006 data from the World Bank Enterprise Surveys, the sub-national Human Development Index and the World Health Organization which covers 10 countries in Latin America. We estimate Instrumental Variables regression models. We find that CSR declaration increases the probability of adopting community programs leading to a small, but significant, positive effect on education at the subnational level. Also, CSR declaration has no significant impact on our pollution measure, particulate matter, even when CSR increases the probability of adopting environmental programs.

Suggested Citation

  • Galinato, Gregmar I. & Hyland, Marie & Islam, Asif M., 2022. "Does corporate social responsibility benefit society? Evidence from Latin America," Emerging Markets Review, Elsevier, vol. 53(C).
    • Handle: RePEc:eee:ememar:v:53:y:2022:i:c:s1566014122000619
    DOI: 10.1016/j.ememar.2022.100944
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    More about this item

    Keywords

    Corporate social responsibility; Education; Pollution; Latin America;
    All these keywords.

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • I29 - Health, Education, and Welfare - - Education - - - Other
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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