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Cultural Inclusivity and Corporate Social Responsibility in China

Business

Cultural Inclusivity and Corporate Social Responsibility in China

G. Sun, C. Guo, et al.

This groundbreaking research conducted by Guangfan Sun, Changwei Guo, Bin Li, and Honglei Li reveals a fascinating link between cultural inclusivity and corporate social responsibility (CSR) in China. Discover how larger firms and state-owned enterprises are stepping up their CSR activities by embracing gender equality and closing the power gap, particularly in times of crisis.

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Playback language: English
Abstract
This paper investigates the impact of cultural inclusivity on corporate social responsibility (CSR) in China. The study finds a significant positive correlation between higher cultural inclusivity and increased CSR activities, particularly in larger firms, state-owned enterprises, and firms with high board independence. Using natural disasters as an instrumental variable, the authors address endogeneity concerns and demonstrate a causal relationship. The mechanism analysis reveals that cultural inclusivity promotes CSR by fostering "gender equality" and mitigating the "power gap" within regions.
Publisher
Humanities and Social Sciences Communications
Published On
Oct 09, 2023
Authors
Guangfan Sun, Changwei Guo, Bin Li, Honglei Li
Tags
cultural inclusivity
corporate social responsibility
CSR
China
gender equality
power gap
instrumental variable

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