【研究發展處訊】

企業管理學系黃弘毅助理教授發表最新期刊論文

Corporate social responsibility disclosure, market supervision, and green investment

作者：Jason Z. Ma, Hung-Yi Huang, Qi Zhu, Xixi Shen

EMERGING MARKETS FINANCE AND TRADE (SSCI)

DOI：10.1080/1540496X.2022.2082868

Early Access：JUN 2022

Indexed：2022-07-08

Abstract

As a crucial business practice, corporate social responsibility (CSR) has attracted the attention of companies and market participants worldwide. This study examines the effects of CSR disclosure on green investment and analyses whether effects vary during China's stock market crash. The results reveal a mismatch between green investment and CSR disclosure and that the market supervisions act as a moderator. Furthermore, we observe that the nature of CSR disclosure as a self-interested tool becomes highly pronounced during extreme risk events. This observation suggests that a company facing downside market risk will compromise many of its environmental performances. Accordingly, we propose improved measures for regulators and investors in response to the gap between CSR disclosure and actual environmental performance.

研究事務組提醒：教師如有最新發表於AHCI、SSCI、SCI、EI、TSSCI、THCI、「東吳大學外語學門獎勵名單」之期刊論文，歡迎將相關資訊e-mail至rad@scu.edu.tw，研究發展處將會公告於校園頭條，以廣交流。

【文圖/研究事務組謝明秀專員】