How Does Environmental Corporate Social Responsibility Matter in a Dysfunctional Institutional Environment? Evidence from China

被引：253
作者：
Wei, Zelong [1 ]
Shen, Hao [2 ]
Zhou, Kevin Zheng [3 ]
Li, Julie Juan [4 ]
机构：
[1] Xi An Jiao Tong Univ, Sch Management, Xian 710049, Shaanxi, Peoples R China
[2] Xi An Jiao Tong Univ, Sch Econ & Finance, Xian 710061, Shaanxi, Peoples R China
[3] Univ Hong Kong, Fac Business & Econ, Pokfulam, Hong Kong, Peoples R China
[4] City Univ Hong Kong, Coll Business, Kowloon Tong, Hong Kong, Peoples R China
来源：
JOURNAL OF BUSINESS ETHICS | 2017年 / 140卷 / 02期
基金：
中国国家自然科学基金;
关键词：
Environmental corporate social responsibility; Signaling theory; Institutional theory; Legitimacy; Legal incompleteness; Legal inefficiency; FINANCIAL PERFORMANCE; SHAREHOLDER VALUE; MANAGERIAL TIES; PRIVATE FIRMS; LEGITIMACY; MANAGEMENT; BUSINESS; GREEN; ENTREPRENEURSHIP; ANTECEDENTS;
D O I：
10.1007/s10551-015-2704-3
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Drawing on institutional and signaling theories, this study examines how environmental corporate social responsibility (ECSR) affects firm performance in a dysfunctional institutional environment. We extend the ECSR literature by suggesting that ECSR indirectly influences firm performance through the mediating effects of business and political legitimacy. Based on a dataset of 238 firms in China, we find that ECSR affects business and political legitimacy followed by firm performance. Moreover, legal incompleteness weakens and legal inefficiency strengthens the effects of ECSR on business and political legitimacy.
引用
收藏
页码：209 / 223
页数：15
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