Anmerkungen:
In: Nofsinger, J., Patterson, F., & Shank, C. (2022). Manager See Manager Do: The Impact of Geographic Spillover on Corporate Social Responsibility. International Journal of Managerial Finance
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 15, 2022 erstellt
Beschreibung:
This paper examines the geographic herding behavior of Corporate Social Responsibility (CSR). We find a comovement between local firms' CSR scores operating in the same industry after controlling for known regional determinants. Furthermore, our results are most robust for firms headquartered in concentration areas, suggesting that local firms set similar CSR policies to attract top local talent. Overall, these results show that location significantly impacts firm CSR behavior