Common Ownership and Corporate Social Responsibility

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2019-08-14
Authors
Qiu, Yue
Dai, Xin
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This paper studies the effect of common ownership on corporate social responsibility (CSR). We find that common ownership is positively associated with a firm's social performance. Additional tests strength the causal interpretation of the results. The empirical evidence is consistent with the predictions from a model in which CSR serves as a strategic tool for a firm to strengthen its product market position.
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common ownership, corporate social responsibility, competition
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