https://scholars.lib.ntu.edu.tw/handle/123456789/639840
標題: | Employment protection and environmental corporate social responsibility: Evidence from China | 作者: | Liu, Haiming YAO-MIN CHIANG |
關鍵字: | Corporate social responsibility | Crowding-out hypothesis | Employment protection | 公開日期: | 三月-2024 | 出版社: | Elsevier | 卷: | 92 | 來源出版物: | International Review of Financial Analysis | 摘要: | The paper examines the influence of employment protection on environmental corporate social responsibility (CSR). Our findings demonstrate that employment protection has a negative effect on environmental CSR and green innovation, particularly for financially constrained firms and those with higher agency costs, providing support for the crowding-out hypothesis. Mechanism tests reveal that employment protection reduces operational flexibility and increases the risk of default for firms. Lastly, employment protection promotes the disclosure of CSR information. These findings indicate that CSR may be influenced by agency issues, and increased employment protection leads firms to reduce unnecessary CSR efforts while focusing on cost-effective CSR information disclosure. |
URI: | https://scholars.lib.ntu.edu.tw/handle/123456789/639840 | ISSN: | 10575219 | DOI: | 10.1016/j.irfa.2024.103078 |
顯示於: | 財務金融學系 |
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