BIROn - Birkbeck Institutional Research Online

    Does venture capital improve corporate social responsibility performance?

    Luo, R. and Zhao, B. and Han, Chunjia and Wang, S. (2023) Does venture capital improve corporate social responsibility performance? International Review of Economics and Finance 88 , pp. 1138-1150. ISSN 1059-0560.

    [img] Text
    51636.pdf - Author's Accepted Manuscript
    Restricted to Repository staff only until 25 July 2024.
    Available under License Creative Commons Attribution Non-commercial No Derivatives.

    Download (767kB) | Request a copy

    Abstract

    In recent years, market agents have paid more attention to firm-level sustainable developments, but the economic effects of venture capital on corporate social responsibility (CSR) performance are not clear. We empirically investigated this issue using data from Chinese non-financial A-share listed firms between 2010 and 2019. We found that venture capital participation may reduce the CSR performance of portfolio companies (e.g., SMEs), and high-quality internal control would moderate the relationship between venture capital and CSR performance. We suggest that the Chinese regulatory agencies should further direct institutional investors to establish socially responsible investments (SRI), optimise the information disclosure of CSR and enhance the listed companies’ internal control system.

    Metadata

    Item Type: Article
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Depositing User: Chunjia Han
    Date Deposited: 31 Jul 2023 14:50
    Last Modified: 02 Aug 2023 18:21
    URI: https://eprints.bbk.ac.uk/id/eprint/51636

    Statistics

    Activity Overview
    6 month trend
    1Download
    6 month trend
    101Hits

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item Edit/View Item