Jin Zhu Zhe Chi? Geographical Peer Effect and CSR: Evidence Based on Postal Code

DOI

10.2991/978-94-6463-570-6_51How to use a DOI?

Keywords

Geographic Location; Postal Code; Corporate Social Responsibility; Firm Value; Instrumental Variable

Abstract

China, with its vast territory and unbanlance regional development, presents a compelling case for studying whether geographical location influences CSR fulfillment and its potential to enhance corporate value. This study uses A-share listed companies from 2010-2020 and employs ordinary least squares (OLS) and instrumental variables (IV) methods. Results show a geographical peer effect, where regions with higher CSR tend to have higher corporate values. It also finds that regional economic conditions, education, and innovation levels impact the CSR peer effect. CSR levels generally converge towards a higher common standard, with central and western regions typically below average. A boundary effect is observed in CSR’s impact on corporate value, while CSR generally boosts value, the relationship is nonlinear, and beyond a certain threshold, excessive CSR can marginally decrease firm value.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Zongjie Huo
AU  - Jialing Lu
AU  - Xuemei Zhang
AU  - Yuan Wang
PY  - 2024
DA  - 2024/11/22
TI  - Jin Zhu Zhe Chi? Geographical Peer Effect and CSR: Evidence Based on Postal Code
BT  - Proceedings of the 2024 5th International Conference on Management Science and Engineering Management (ICMSEM 2024)
PB  - Atlantis Press
SP  - 513
EP  - 522
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-570-6_51
DO  - 10.2991/978-94-6463-570-6_51
ID  - Huo2024
ER  -