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Corporate social responsibility disclosure in Chinese railway companies
Carlos Noronha1; Tiffany Cheng Han Leung2; On Ieng Lei1
2015-11-02
Source PublicationSustainability Accounting, Management and Policy Journal
ISSN2040-8021
Volume6Issue:4Pages:446-474
Abstract

Purpose

This study aims to investigate the relationship between corporate social contribution measures and investors’ reaction under the effect of corporate governance for firms listed in China, the largest emerging economy in the world. Corporate social contribution is examined from an informative perspective by using a financial indicator – social contribution value per share (SCVPS) brought up by the Shanghai Stock Exchange in 2008.

Design/methodology/approach

Data are obtained from two channels: financial information during 2007-2015 generated from database and social accounting information manually collected from the 2007-2015 annual reports and social reports.

Findings

It is predicted that investors’ reaction toward corporate social contribution becomes stronger for companies with higher corporate governance quality.

Practical implications

This paper is one of the first to use Chinese SCVPS data to indicate the informativeness of social contribution toward firm value. It can serve as a valuable reference to both investors and companies in terms of the issue of social contribution.

Social implications

The study highlights the importance of social contribution on firm value by using an empirical approach in the Chinese market. The study can be used as a reference for many other developing countries in the world.

Originality/value

The findings of this study can provide guidance to investors on how to evaluate a firm’s social performance and encourage companies to improve the transparency of their social reporting, as well as the quality of corporate governance.

KeywordChina Csr Corporate Governance Scvps Social Contribution Value Per Share
DOI10.1108/SAMPJ-10-2016-0078
URLView the original
Indexed BySCI
Language英语
WOS Research AreaBusiness & Economics ; Science & Technology - Other Topics ; Environmental Sciences & Ecology
WOS SubjectBusiness, Finance ; Green & Sustainable Science & Technology ; Environmental Studies ; Management
WOS IDWOS:000366656900001
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Cited Times [WOS]:8   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionDEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT
Affiliation1.Faculty of Business Administration, University of Macau, Macau, China
2.School of Professional Education and Executive Development, The Hong Kong Polytechnic University, College of Professional & Continuing Education, Kowloon, Hong Kong
First Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Carlos Noronha,Tiffany Cheng Han Leung,On Ieng Lei. Corporate social responsibility disclosure in Chinese railway companies[J]. Sustainability Accounting, Management and Policy Journal,2015,6(4):446-474.
APA Carlos Noronha,Tiffany Cheng Han Leung,&On Ieng Lei.(2015).Corporate social responsibility disclosure in Chinese railway companies.Sustainability Accounting, Management and Policy Journal,6(4),446-474.
MLA Carlos Noronha,et al."Corporate social responsibility disclosure in Chinese railway companies".Sustainability Accounting, Management and Policy Journal 6.4(2015):446-474.
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