Home > Research > Publications & Outputs > Stakeholder Preference and Strategic Corporate ...

Links

Text available via DOI:

View graph of relations

Stakeholder Preference and Strategic Corporate Social Responsibility

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Published

Standard

Stakeholder Preference and Strategic Corporate Social Responsibility. / Banerjee, Shantanu; Homroy, Swarnodeep; Slechten, Aurelie.
In: Journal of Corporate Finance, Vol. 77, 102286, 31.12.2022.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Harvard

APA

Vancouver

Banerjee S, Homroy S, Slechten A. Stakeholder Preference and Strategic Corporate Social Responsibility. Journal of Corporate Finance. 2022 Dec 31;77:102286. doi: 10.1016/j.jcorpfin.2022.102286

Author

Bibtex

@article{9e7a49b1bdbd4991a3b4e4db8271ecf2,
title = "Stakeholder Preference and Strategic Corporate Social Responsibility",
abstract = "This paper investigates the role of stakeholder preference on corporate social responsibility (CSR) strategies. Using a staggered difference-in-difference approach, we show that Indian firms increase CSR expenses when trade restrictions (Antidumping) are initiated against competing Chinese exports from countries with a high stakeholder preference for CSR. However, when these shocks emanate from countries with a lower stakeholder preference, CSR expenses re-main unchanged. Capital expenditure and R&D of Indian firms increase following AD shocks, irrespective of their country of origin. Finally, CSR increases firm value only when the demand shocks originate from countries with a higher CSR preference. Collectively, we provide evidence for consumer-driven CSR strategies.",
keywords = "Corporate social responsibilities (CSR), Firm investment, international trade, anti-dumping, India",
author = "Shantanu Banerjee and Swarnodeep Homroy and Aurelie Slechten",
year = "2022",
month = dec,
day = "31",
doi = "10.1016/j.jcorpfin.2022.102286",
language = "English",
volume = "77",
journal = "Journal of Corporate Finance",
issn = "0929-1199",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - Stakeholder Preference and Strategic Corporate Social Responsibility

AU - Banerjee, Shantanu

AU - Homroy, Swarnodeep

AU - Slechten, Aurelie

PY - 2022/12/31

Y1 - 2022/12/31

N2 - This paper investigates the role of stakeholder preference on corporate social responsibility (CSR) strategies. Using a staggered difference-in-difference approach, we show that Indian firms increase CSR expenses when trade restrictions (Antidumping) are initiated against competing Chinese exports from countries with a high stakeholder preference for CSR. However, when these shocks emanate from countries with a lower stakeholder preference, CSR expenses re-main unchanged. Capital expenditure and R&D of Indian firms increase following AD shocks, irrespective of their country of origin. Finally, CSR increases firm value only when the demand shocks originate from countries with a higher CSR preference. Collectively, we provide evidence for consumer-driven CSR strategies.

AB - This paper investigates the role of stakeholder preference on corporate social responsibility (CSR) strategies. Using a staggered difference-in-difference approach, we show that Indian firms increase CSR expenses when trade restrictions (Antidumping) are initiated against competing Chinese exports from countries with a high stakeholder preference for CSR. However, when these shocks emanate from countries with a lower stakeholder preference, CSR expenses re-main unchanged. Capital expenditure and R&D of Indian firms increase following AD shocks, irrespective of their country of origin. Finally, CSR increases firm value only when the demand shocks originate from countries with a higher CSR preference. Collectively, we provide evidence for consumer-driven CSR strategies.

KW - Corporate social responsibilities (CSR)

KW - Firm investment

KW - international trade

KW - anti-dumping

KW - India

U2 - 10.1016/j.jcorpfin.2022.102286

DO - 10.1016/j.jcorpfin.2022.102286

M3 - Journal article

VL - 77

JO - Journal of Corporate Finance

JF - Journal of Corporate Finance

SN - 0929-1199

M1 - 102286

ER -