| Issue |
SHS Web Conf.
Volume 34, 2017
The 17th Annual Conference of the Asian Academic Accounting Association (2016 FourA Conference)
|
|
|---|---|---|
| Article Number | 05003 | |
| Number of page(s) | 7 | |
| Section | Environmental Accounting | |
| DOI | https://doi.org/10.1051/shsconf/20173405003 | |
| Published online | 14 February 2017 | |
Do Cross-Listed Firms Report Better Social Responsibility Performance?
Business School and Center for Accounting, Finance and Institutions, Sun Yat-sen University, Guangzhou, 510275, P.R.China
* Corresponding author: mnslgy@mail.sysu.edu.cn
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. Mann- Whitney-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 activities.
© The Authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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