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Building trust after pollution emergency: A strategic perspective on corporate social responsibility
descriptionPublicationkeyboard_double_arrow_right Article 2023Embargo end date: 01 Sep 2023 United Kingdom Publisher:Elsevier BV
Authors: Ma, Y; Ding, Y; Wang, Z; Zhang, W;
doi: 10.1016/j.eneco.2023.106989 , 10.17863/cam.100713
doi: 10.1016/j.eneco.2023.106989 , 10.17863/cam.100713
We use extreme regional pollution emergencies to provide new evidence regarding the motivations for corporate social responsibility (CSR). We document that local firms strategically improve CSR to build trust following pollution emergencies, and this is specifically true for highly polluting firms. Firms face different intensities of external pressure from their stakeholders. In particular, following pollution emergencies, political dependency, institutional investors and public monitoring are the main sources of stakeholder pressure and drivers of the increased CSR. We further find that firms that gain trust through CSR activities after pollution emergencies are rewarded. CSR serves as a buffer against financial constraints, financing distress and the negative profitability effect following emergencies. This study contributes to the CSR literature on trust-building-motivated CSR strategies.
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Article . 2023
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Energy Economics
Article . 2023 . Peer-reviewed
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Article . 2023
License: CC BY NC ND
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Energy Economics
Article . 2023 . Peer-reviewed
License: Elsevier TDM
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The following results are related to Energy Research. Are you interested to view more results? Visit OpenAIRE - Explore.

1 Research products

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Building trust after pollution emergency: A strategic perspective on corporate social responsibility
descriptionPublicationkeyboard_double_arrow_right Article 2023Embargo end date: 01 Sep 2023 United Kingdom Publisher:Elsevier BV
Authors: Ma, Y; Ding, Y; Wang, Z; Zhang, W;
doi: 10.1016/j.eneco.2023.106989 , 10.17863/cam.100713
doi: 10.1016/j.eneco.2023.106989 , 10.17863/cam.100713
We use extreme regional pollution emergencies to provide new evidence regarding the motivations for corporate social responsibility (CSR). We document that local firms strategically improve CSR to build trust following pollution emergencies, and this is specifically true for highly polluting firms. Firms face different intensities of external pressure from their stakeholders. In particular, following pollution emergencies, political dependency, institutional investors and public monitoring are the main sources of stakeholder pressure and drivers of the increased CSR. We further find that firms that gain trust through CSR activities after pollution emergencies are rewarded. CSR serves as a buffer against financial constraints, financing distress and the negative profitability effect following emergencies. This study contributes to the CSR literature on trust-building-motivated CSR strategies.
Apolloarrow_drop_down
Apollo
Article . 2023
License: CC BY NC ND
Data sources: Datacite
Energy Economics
Article . 2023 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
linkLink to
shareshareShare
citeCite
addClaim
Please grant OpenAIRE to access and update your ORCID works.
This Research product is the result of merged Research products in OpenAIRE.

You have already added works in your ORCID record related to the merged Research product.
This Research product is the result of merged Research products in OpenAIRE.

You have already added works in your ORCID record related to the merged Research product.
Select content type to embed
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For further information contact us at helpdesk@openaire.eu
Access Routes
Green
6
citations 6
popularity Average
influence Average
impulse Top 10%
Powered by BIP!
visibility4
visibility views 4
Powered by
more_vert
Apolloarrow_drop_down
Apollo
Article . 2023
License: CC BY NC ND
Data sources: Datacite
Energy Economics
Article . 2023 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
linkLink to
shareshareShare
citeCite
addClaim
Please grant OpenAIRE to access and update your ORCID works.
This Research product is the result of merged Research products in OpenAIRE.

You have already added works in your ORCID record related to the merged Research product.
This Research product is the result of merged Research products in OpenAIRE.

You have already added works in your ORCID record related to the merged Research product.
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Building trust after pollution emergency: A strategic perspective on corporate social responsibility

Energy Research
Open Source
Embargo
12. Responsible consumption
CN