企业社会责任
业务
中国
国家所有制
新兴市场
政治
衡平法
经济改革
私营部门
背景(考古学)
市场经济
股票市场
会计
财务
经济
经济增长
公共关系
生物
古生物学
法学
政治学
作者
Bin Li,Lei Xu,Ron McIver,Xin Liu,Ailing Pan
标识
DOI:10.1177/0007650320958762
摘要
China’s historical mixed-ownership reform (the Reform) has prioritized enhancing the efficiency and financial performance of its large state-owned enterprises (SOEs) through introduction of partial private-sector equity ownership. However, the presence of a significant gap between China’s private enterprises’ corporate social responsibility (CSR) practices and those of its SOEs suggests potential for Reform-related ownership changes to negatively impact economy-wide CSR performance. We therefore examine the Reform’s impact on private acquirer firms’ CSR practices. We use a proprietary data set of firms listed on the Shanghai and Shenzhen Stock Exchanges, covering the 2011–2015 period. Our findings identify that private firms can enhance their economic and political status through acquiring equity in state-controlled or SOEs and, following this, improve their CSR practices. Our findings have policy implications in the context of the world’s largest emerging market and, more generally, for SOE ownership reform in emerging and transition economies.
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