Corporate social responsibility and social capital

By Anand Jha, James Cox. 2015

353 citations recorded by the source corpus.

When corporations make an effort to be socially responsible beyond what is required by the law, this effort is often described as strategic—made mainly for the shareholders’ or managers’ benefit. A large body of literature corroborates this belief. But, could the incentives for corporate social responsibility (CSR) come from an altruistic inclination fostered by the social capital of the region in which the firm is headquartered? We investigate whether this phenomenon exists by examining the association between the social capital in the region and the firm’s CSR. We find that a firm from a high social capital region exhibits higher CSR. This result suggests that the self-interest of shareholders or mangers does not explain all of the firm’s CSR, but the altruistic inclination from the region might also play a role.

Subfields: Accounting, Safety Research, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/8ac1c49259fa5597b2e4439f7158ba49fd7e71f5

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In Accounting

In Safety Research

In Strategy and Management

Citations in the corpus

Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021, background): “At the county level in the United States, Jha and Cox (2015) provide evidence that a firm’s KLD score is related to the social capital in the region of its headquarters, where social capital is measured through an index that depends on four components: the census mail response rate, the votes cast i”