IDEAS home Printed from https://ideas.repec.org/a/gam/jjrfmx/v19y2026i2p101-d1854857.html

From Social Ties to Social Responsibility: How Social Capital Shapes CSR Practices Around the World

Author

Listed:
  • Imad Jabbouri

    (School of Business Administration, Al Akhawayn University, Ifrane 53000, Morocco)

  • Omar Farooq

    (School of Business, ADA University, Baku AZ1008, Azerbaijan)

  • Maryem Naili

    (School of Business Administration, Al Akhawayn University, Ifrane 53000, Morocco)

  • Ahmed Ankit

    (Deanship of Research and Doctoral Studies, Hamdan Bin Mohammed Smart University, Dubai 71400, United Arab Emirates)

Abstract

This paper uses data from 61 countries to document the relationship between country-level social capital and corporate social responsibility (CSR) during the period between 2007 and 2023. We find that firms headquartered in countries with higher levels of social capital exhibit higher CSR engagement than firms headquartered in countries with lower levels of social capital. This association remains robust across a wide range of estimation approaches and sensitivity checks. Additional analyses explore the mechanisms through which social capital affects CSR by disentangling its underlying dimensions. Finally, we show that the economic value of CSR (as measured through its association with Tobin’s Q, sales growth, stock return volatility, and financial distress risk) varies with the level of social capital, with CSR playing a more prominent value-enhancing role in low-social-capital settings.

Suggested Citation

  • Imad Jabbouri & Omar Farooq & Maryem Naili & Ahmed Ankit, 2026. "From Social Ties to Social Responsibility: How Social Capital Shapes CSR Practices Around the World," JRFM, MDPI, vol. 19(2), pages 1-23, February.
    • Handle: RePEc:gam:jjrfmx:v:19:y:2026:i:2:p:101-:d:1854857
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1911-8074/19/2/101/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1911-8074/19/2/101/
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jjrfmx:v:19:y:2026:i:2:p:101-:d:1854857. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager The email address of this maintainer does not seem to be valid anymore. Please ask MDPI Indexing Manager to update the entry or send us the correct address (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.