Stakeholder demands and corporate social responsibility:Evidence from the Olympic Games  

作　　者：Trung K.Do Henry Hongren Huang Liwei Shan Albert Tsang Li Yu 

机构地区：[1]The University of Danang,Viet Nam [2]National Central University at Taiwan,Taiwan,China [3]Southwestern University of Finance and Economics,China [4]Southern University of Science and Technology,China [5]Nankai University,China

出　　处：《China Journal of Accounting Research》2023年第3期1-24,共24页中国会计学刊（英文版）

摘　　要：We propose that stakeholder demand can explain firms’corporate social responsibility(CSR)activities and empirically test our proposition using 2002–2016 panel data from multiple countries.We select the Olympic Games as our experimental context and use a difference-in-differences design.We find that firms domiciled in countries that host the Olympic Games subsequently experience a significantly smaller increase in CSR commitment than firms in countries that unsuccessfully bid to host the Olympics.We also find that firms domiciled in cities that host the Olympic Games exhibit a significantly smaller increase in CSR than those domiciled in other cities in the same country.Additional tests indicate that firms in host countries with greater increases in the levels of happiness tend to experience an even smaller increase in CSR.Our findings are consistent with the stakeholder demand explanation,as stakeholders are less likely to require local firms to invest in CSR if utilities,such as those from environmental improvement,increase.

关 键 词：CSR Olympic Games STAKEHOLDER CROSS-COUNTRY SPORTS 

分 类 号：F27[经济管理—企业管理]