Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Corporate social responsibility (CSR) practices by SIN firms

Corporate social responsibility (CSR) practices by SIN firms The purpose of this paper is to examine corporate social responsibility (CSR) practices of SIN firms. SIN firms are firms from controversial sectors such as tobacco, alcohol, gambling and firearms.Design/methodology/approachThis paper explains contrasts CSR practices of SIN firms with similar size and industry non-SIN counterparts.FindingsThis paper shows that SIN firms conduct more CSR practices than non-SIN firms. This paper also finds that CSR practices of SIN firms are value relevant only when these firms are performing below their peers.Originality/valueThe motivation for SIN firms to engage in higher CSR is the competitive advantage hypothesis and not moral rebalancing. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Review of Accounting Emerald Publishing

Corporate social responsibility (CSR) practices by SIN firms

Sharma, Zenu; Song, Liang
Asian Review of Accounting , Volume 26 (3): 14 – Aug 6, 2018
Download PDF
14 pages

Loading next page...
 
/lp/emerald-publishing/corporate-social-responsibility-csr-practices-by-sin-firms-oolWqPdV4U
Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1321-7348
DOI
10.1108/ara-06-2017-0102
Publisher site
See Article on Publisher Site

Abstract

The purpose of this paper is to examine corporate social responsibility (CSR) practices of SIN firms. SIN firms are firms from controversial sectors such as tobacco, alcohol, gambling and firearms.Design/methodology/approachThis paper explains contrasts CSR practices of SIN firms with similar size and industry non-SIN counterparts.FindingsThis paper shows that SIN firms conduct more CSR practices than non-SIN firms. This paper also finds that CSR practices of SIN firms are value relevant only when these firms are performing below their peers.Originality/valueThe motivation for SIN firms to engage in higher CSR is the competitive advantage hypothesis and not moral rebalancing.

Journal

Asian Review of Accounting – Emerald Publishing

Published: Aug 6, 2018

Keywords: Corporate social responsibility; Firm value; SIN stocks; Nonfinancial disclosure; M41; M48

References

  • A theory of social custom, of which unemployment may be one consequence
    Akerlof, G.
  • The missing motivation in macroeconomics
    Akerlof, G.A.
  • Corporate social responsibility and firm risk: theory and empirical evidence
    Albuquerque, R.; Durnev, A.; Koskinen, Y.
  • The cross-section of volatility and expected return
    Ang, A.; Hodrick, R.J.; Xing, Y.; Zhang, X.
  • Communication of corporate social responsibility: a study of the views of management teams in large companies
    Arvidsson, S.
  • Tax and peer effects
    Bird, A.; Edwards, A.; Ruchti, T.G.
  • Does the use of peer groups contribute to higher pay and less efficient compensation?
    Bizjak, J.; Michael, L.; Lalitha, N.
  • Analyst coverage and the cost of raising equity capital: evidence from underpricing of seasoned equity offerings
    Bowen, R.M.; Chen, X.; Cheng, Q.
  • Investment analysis and price formation in securities markets
    Brennan, M.J.; Subrahmanyam, A.
  • Assessing arms makers corporate social responsibility
    Byrne, E.
  • Doing well while doing bad? CSR in controversial industry sectors
    Cai, Y.; Jo, H.; Pan, C.
  • Technological peer pressure and product disclosure
    Cao, S.; Ma, G.; Tucker, J.W.; Wan, C.
  • Socially responsible investing and expected stock returns
    Chava, S.
  • Corporate social responsibility and access to finance
    Cheng, B.; Ioannou, I.; Serafeim, G.
  • Trading activity and expected stock returns
    Chordia, T.; Subrahmanyam, A.; Anshuman, V.
  • The impact of security analysts monitoring and marketing functions on the market value of firms
    Chung, K.; Jo, H.
  • Voluntary nonfinancial disclosure and the cost of equity capital: the initiation of corporate social responsibility reporting
    Dhaliwal, D.S.; Li, O.Z.; Tsang, A.; Yang, Y.G.
  • Nonfinancial disclosure and analyst forecast accuracy: international evidence on corporate social responsibility disclosure
    Dhaliwal, D.S.; Radhakrishnan, S.; Tsang, A.; Yang, Y.G.
  • Stock analysts and corporate social responsibility
    Dong, H.; Lin, C.; Zhan, X.
  • Does the stock market fully value intangibles? Employee satisfaction and equity prices
    Edmans, A.
  • The link between job satisfaction and firm value, with implications for corporate social responsibility
    Edmans, A.
  • Does corporate social responsibility affect the cost of capital?
    El Ghoul, S.; Guedhami, O.; Kwok, C.; Mishra, D.
  • Industry costs of equity
    Fama, E.; French, K.
  • Analyst coverage and two puzzles in the cross section of returns
    George, T.; Hwang, C.
  • The relationship between firm size and firm growth in the US manufacturing sector
    Hall, B.
  • Peer effects of corporate social responsibility
    Hao, L.; Hao, L.; Zhan, X.
  • Changing the odds: a study of corporate social principles and in addressing problem gambling
    Hing, N.
  • The price of sin: the effects of social norms on markets
    Hong, H.; Kacperczyk, M.
  • Firm performance: the interactions of corporate social performance with innovation and industry differentiation
    Hull, C.; Rothenberg, S.
  • The impact of corporate social responsibility on investment recommendations: analysts’ perceptions and shifting institutional logics
    Ioannou, I.; Serafeim, G.
  • Does CSR reduce firm risk? Evidence from controversial industry sectors
    Jo, H.; Na, H.
  • Why do manufacturing facilities introduce environmental management systems? Improving and/or signaling performance
    Johnstone, N.; Labonne, J.
  • Corporate social responsibility for irresponsibility
    Kotchen, M.; Moon, J.
  • Do peer firms affect corporate financial policy?
    Leary, M.T.; Roberts, M.R.
  • Vice vs virtue investing around the world
    Lobe, S.; Walkshäusl, C.
  • Corporate social responsibility: a theory of the firm perspective
    McWilliams, A.; Siegel, D.
  • A broader perspective on corporate social responsibility research in accounting
    Moser, D.V.; Martin, P.R.
  • Corporate financing and investment decisions when firms have information investors do not have
    Myers, S.; Majluf, N.
  • CSR business as usual? The case of the tobacco industry
    Palazzo, G.; Richter, U.
  • Misperceiving the college drinking norm and related problems: a nationwide study of exposure to prevention information, perceived norms and student alcohol misuse
    Perkins, H.W.; Haines, M.P.; Rice, R.
  • Targeting youth and concerned smokers: evidence from Canadian tobacco industry documents
    Pollay, R.
  • Strategy and society: the link between competitive advantage and corporate social responsibility
    Porter, M.; Kramer, M.
  • Is ethical money financially smart?
    Renneboog, L.; Ter Horst, J.; Zhang, C.
  • A conceptual framework for environmental analysis of social issues and evaluation of business response pattern
    Sethi, S.P.
  • Too good to be true! The effectiveness of CSR history in countering negative publicity
    Vanhamme, J.; Grobben, B.
  • Corporate social performance and innovation with high social benefits: a quantitative analysis
    Wagner, M.
  • Perception and reality: a national evaluation of social norms marketing interventions to reduce college students’ heavy alcohol use
    Wechsler, H.; Nelson, T.; Lee, J.E.; Seiberg, M.; Lewis, C.; Keeling, R.
  • Results of a social norm intervention to prevent binge drinking among first-year residential college students
    Werch, C.E.; Pappas, D.M.; Carlson, J.M.; DiClemente, C.C.; Chally, P.M.; Sinder, J.S.
  • College students define binge drinking and estimate its prevalence: results of a national survey
    Wechsler, H.; Kuo, M.