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

被引：5
|
作者：
Zelong Wei
Hao Shen
Kevin Zheng Zhou
Julie Juan Li
机构：
[1] Xi’an Jiaotong University,School of Management
[2] Xi’an Jiaotong University,School of Economics and Finance
[3] University of Hong Kong,Faculty of Business and Economics
[4] City University of Hong Kong,College of Business
来源：
Journal of Business Ethics | 2017年 / 140卷
关键词：
Environmental corporate social responsibility; Signaling theory; Institutional theory; Legitimacy; Legal incompleteness; Legal inefficiency;
D O I：
暂无
中图分类号：
学科分类号：
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：14
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