Do cross-listed firms report better social responsibility performance?
This paper investigates the corporate social responsibility (CSR) disclosure of cross-listed companies in China, to bridge the gap between existent CSR literature and the literature on cross-listing.MannWhitney-U and Wilcoxon ranking tests document the traditional bonding effect regarding reported c...
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
EDP Sciences
2017
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| Online Access: | http://repo.uum.edu.my/21009/1/shsconf_four2017%201%207v.pdf http://repo.uum.edu.my/21009/ http://doi.org/10.1051/shsconf/20173405003 |
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| Summary: | This paper investigates the corporate social responsibility (CSR) disclosure of cross-listed companies in China, to bridge the gap between existent CSR literature and the literature on cross-listing.MannWhitney-U and Wilcoxon ranking tests document the traditional bonding effect regarding reported corporate financial performance.Furthermore, the test results and findings of this study extend the financial bonding effect to other dimensions of corporate responsibility.In addition to better economic returns to owners, the bonding effect marks better reported CSR performance for cross-listed companies in terms of pay raises for employees, creation of new jobs, desirable stock option plans for management, and increased input in environmental protection and energy saving
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