The moderating role of a corporate life cycle with the impact of economic value-added on corporate social responsibility: Evidence from China's listed companies |
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| Affiliation: | 1. Hebei GEO University, School of Management, Department of Accounting, Shijiazhuang 050031, China;2. VSB-Technical University of Ostrava, Faculty of Economics, Department of Finance, Sokolska 33, 702 00 Ostrava, Czech Republic;3. VSB-Technical University of Ostrava, Faculty of Economics, Department of Business Administration, Sokolska 33, 702 00 Ostrava, Czech Republic |
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| Abstract: | The moderating role of corporate life cycle stages with the impact of relative economic value added (EVA) indicator on corporate social responsibility participation index (CSRPI). Chinese A-share listed companies are investigated. The CSRPI weights are calculated by Analytic Network Process. Fractional regression with interaction is used. The corporate life cycle stages moderate the relationship between relative EVA measure and CSRPI. Surprisingly, this impact is confirmed for companies at non-mature stages, but not for mature companies. Model type, weights and corporate life cycle robustness were confirmed. The findings have implications for stakeholders in understanding companies' social behaviour in the Chinese market. |
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| Keywords: | EVA" },{" #name" :" keyword" ," $" :{" id" :" pc_U0k27vhxav" }," $$" :[{" #name" :" text" ," _" :" economic value added CSR" },{" #name" :" keyword" ," $" :{" id" :" pc_igzXmczhbZ" }," $$" :[{" #name" :" text" ," _" :" corporate social responsibility CRSPI" },{" #name" :" keyword" ," $" :{" id" :" pc_XzjTkIqsZP" }," $$" :[{" #name" :" text" ," _" :" corporate social responsibility participation index CLC" },{" #name" :" keyword" ," $" :{" id" :" pc_R36AFty1Ad" }," $$" :[{" #name" :" text" ," _" :" corporate life cycle CFP" },{" #name" :" keyword" ," $" :{" id" :" pc_xtFy0sidnc" }," $$" :[{" #name" :" text" ," _" :" corporate financial performance ANP" },{" #name" :" keyword" ," $" :{" id" :" pc_nUZLq3EoSx" }," $$" :[{" #name" :" text" ," _" :" analytic network process CSMAR" },{" #name" :" keyword" ," $" :{" id" :" pc_kwehIweRyz" }," $$" :[{" #name" :" text" ," _" :" China Stock Market and Accounting Research Databases |
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