|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|84050||2018||42 صفحه PDF||سفارش دهید||10536 کلمه|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : International Review of Economics & Finance, Available online 29 March 2018
Using the data of Chinese listed firms from 2008 to 2014, we explore how product market competition affects the impact of corporate social responsibility (CSR) on firms' product market performance and the underlying mechanism. We document that CSR significantly decreases firms' product market performance only in noncompetitive industries, and the evidence is significant only for non-state-owned firms, primarily through the channel of weaker debt financing capability. Better corporate governance can effectively alleviate the negative impact of CSR on firmsâ product market performance in noncompetitive industries.