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• W2801090495 abstract "This study uses a system of simultaneous equations to investigate various hypotheses on the relationship between corporate social responsibility (CSR) and firm performance for state-owned enterprises (SOEs) and non-SOEs in China. The results show variations in market response to CSR engagement by firm ownership type. That is, the market responds favorably to CSR by market-oriented non-SOEs but neutrally to CSR by SOEs with substantial agency costs. The Chinese firms are able to link their CSR activities to firm performance over time, likely recognizing the long-term benefits of CSR. Our study demonstrates the important role of ownership in the dynamic CSR-performance relationship." @default.
• W2801090495 created "2018-05-17" @default.
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• W2801090495 date "2018-10-01" @default.
• W2801090495 modified "2023-10-09" @default.
• W2801090495 title "The relationship between CSR and performance: Evidence in China" @default.
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• W2801090495 doi "https://doi.org/10.1016/j.pacfin.2018.04.006" @default.
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