| Paper Number | KCB-WP-2014-017 |
|---|---|
| Title | Institutional Effect on Corporate Commitment to ‘Socially’ Responsible Behavior |
| Title(Other) | |
| Author | Hee-Chan Song ; Tae-Hyun Kim |
| Publisher | |
| Abstract | Prior studies examine organizational ｏｒ CEO characteristics to find antecedents of CSR. We depart from these studies by focusing on a focal firm’s ‘social’ environment. Specifically, drawing upon an institutional perspective, we suggest that a degree of CSR commitment largely depends on its institutional environment. Using Global Fortune 500 listed firm data over 2006-2011, we find that | 1) firms headquartered in a country following civil law system consistently make more commitment on CSR than those headquartered in a country following common law system | and2)firms headquartered in a country with strong legal enforcement ｏｒ higher corruption make less commitment on CSR. Our finding suggests that the future research should understand whether a focal firm’s institutional environment promotes CSR before assessing the firm’s CSR commitment. |
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