Media Coverage of Corporate Social Irresponsibility and Firm value: The Moderating Role of CSR Contracting

被引:0
作者
Chu, Hsuan-Lien [1 ]
Tsang, Albert [2 ]
Chang, Chih-Wei [1 ]
机构
[1] Natl Taipei Univ, Dept Accountancy, 151 Univ Rd, New Taipei City 237303, Taiwan
[2] Southern Univ Sci & Technol, SUSTech Business Sch, Shenzhen, Peoples R China
关键词
CSR contracting; media coverage; corporate social irresponsibility; firm value; M12; M14; M41; EXECUTIVE-COMPENSATION; NONFINANCIAL DISCLOSURE; FINANCIAL PERFORMANCE; RESPONSIBILITY; REPUTATION; DETERMINANTS; INCENTIVES; GOVERNANCE; INTENSITY; RETURNS;
D O I
10.1080/1540496X.2024.2379470
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study investigates the role of CSR contracting in the relationship between negative media coverage of corporate social irresponsibility (CSiR) and firm value. By analyzing firms from 44 countries spanning the period 2003-2016, we find that media coverage of CSiR motivates firms to employ CSR contracting as a means of restoring their reputation, which in turn, leads to increased levels of CSR engagement and higher firm value. These findings align with theoretical arguments suggesting that CSR contracting can serve as an effective mechanism for improving a firm's CSR reputation, thus enabling them to remedy damage caused by media coverage of CSiR and boost firm value.
引用
收藏
页码:188 / 215
页数:28
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