Business

Does national culture influence corporate social responsibility on firm performance?

H. Hsiao, T. Zhong, et al.

This groundbreaking study by Hsiao-Fen Hsiao, Tingyong Zhong, and Jun Wang delves into the counterintuitive relationship between corporate social responsibility (CSR) and firm performance, revealing that CSR can actually hinder performance across various cultures. Their analysis highlights the significant roles of national culture, particularly power distance and individualism, calling for government intervention in CSR practices.