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The Effect of Political Connections of Chinese Firms on CSR Activities: The Mediating Effect of Government Subsidies
- Analyses & Alternatives
- Abbr : A&A
- 2023, 7(2), pp.111~145
- DOI : 10.22931/aanda.2023.7.2.004
- Publisher : Korea Consensus Institute
- Research Area : Social Science > Social Science in general
- Received : April 17, 2023
- Accepted : April 28, 2023
- Published : June 30, 2023
Youngsoo Park 1, Seunghye Lee 1, Khan-Pyo Lee 1
1서강대학교
Accredited
ABSTRACT
This study examines the impact of political connections of Chinese listed firms on CSR(Corporate Social Responsibilities) activities. Firms recognize the political connections as ‘non-market strategy’ and actively utilize various benefits obtained through them for management activities. In order to utilize these political connections, there is a need for firms to implicitly perform the government’s social policy obligations in return for their benefits. In particular, CSR activities in China are one of the government-led social policies unlike in the West, and the government wants firms to solve social problems through active CSR activities.
In this background, this study empirically verifies whether firms with political connections are actively carrying out CSR activities required by the government from 2013 to 2019. As a result, Chinese listed firms with political connections have a positive effect on CSR activities. Especially, those with political connections with central government carry out both government benefits and social policy obligations.
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[journal]
박영수
/ 2021
/
The Effect of CEOʼs Political Connection on Firm Performance: The Mediating Effect of Government Subsidies
/ 분석과 대안
/ 사단법인 코리아컨센서스연구원
5(2)
: 39~76