Determinants of Managerial Values on Corporate Social Responsibility: Evidence from China
AbstractThis paper empirically investigates how Chinese executives and managers perceive and interpret corporate social responsibility (CSR), to what extent firmsâ productive characteristics influence managersâ attitudes towards their CSR rating, and whether their values in favour of CSR are positively correlated to firmsâ economic performance. Although a large proportion of respondents express a favourable view of CSR and a willingness to participate in socially responsible activities, we find that the true nature of their assertion is linked to entrepreneursâ instincts of gaining economic benefits. It is the poorly-performing firms, or rather, firms with vulnerable indicators â smaller in size, State-owned, producing traditional goods and located in poorer regions that are more likely to have managers who opt for a higher CSR rating. Managersâ personal characteristics per se are not significant in determining their CSR choice. Moreover, controlling for other observed variables, we find that managersâ CSR orientation is positively correlated with their firmsâ performance. The better-off a firm is, the more likely its manager is to get involve in CSR activities. Firms with better economic performance before their restructuring would sustain higher post-restructuring performance.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Business Ethics.
Volume (Year): 88 (2009)
Issue (Month): 1 (April)
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Web page: http://www.springerlink.com/link.asp?id=100281
corporate social responsibility; profit maximisation; China;
Other versions of this item:
- Zu, Liangrong & Song, Lina, 2008. "Determinants of Managerial Values on Corporate Social Responsibility: Evidence from China," IZA Discussion Papers 3449, Institute for the Study of Labor (IZA).
- Zu, Liangrong & Song, Lina, 2008. "Determinants of Managerial Values on Corporate Social Responsibility: Evidence from China," MPRA Paper 8349, University Library of Munich, Germany.
- M14 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
- M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics
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