Cited by 365Corporate Social Responsibility ReportingCorporate Identity and ReputationPublic Relations and Crisis Communication

The DOI matches its Crossref record; 57 of the 57 references it cites were found in a registry or an index.

Corporate social responsibility and media coverage

Open access

Cahan, Steven F., Chen, Chen, Chen, Li, Nguyen, Nhut H.·2015·Journal of Banking & Finance

DOI 10.1016/j.jbankfin.2015.07.004

Open this paper in CoChat — free account

Integrity signals

Registry

Crossref · 10.1016/j.jbankfin.2015.07.004

Cites

57 of 57 references verified0 citation errors · 0 not checkable

Statistics

Recomputing p-values needs the paper’s full text.

Claims the paper makes

We couldn’t retrieve this paper’s full text, so its claims and self-check weren’t run. The registry and citation checks still apply.

Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

REMEMBERING: A STUDY IN EXPERIMENTAL AND SOCIAL PSYCHOLOGY
Bartlett, F. C., & Burt, C. (1933) · British Journal of Educational Psychology · doi:10.1111/j.2044-8279.1933.tb02913.x · Cited by 7,475
Multifactor Explanations of Asset Pricing Anomalies
Fama, E. F., & French, K. R. (1996) · The Journal of Finance · doi:10.1111/j.1540-6261.1996.tb05202.x · Cited by 6,636
Investor Sentiment and the Cross‐Section of Stock Returns
BAKER, M., & WURGLER, J. (2006) · The Journal of Finance · doi:10.1111/j.1540-6261.2006.00885.x · Cited by 6,049
A Simple Model of Capital Market Equilibrium with Incomplete Information
MERTON, R. C. (1987) · The Journal of Finance · doi:10.1111/j.1540-6261.1987.tb04565.x · Cited by 5,811
WHAT'S IN A NAME? REPUTATION BUILDING AND CORPORATE STRATEGY.
Fombrun, C. J., & Shanley, M. T. (1990) · Academy of Management Journal · doi:10.2307/256324 · Cited by 5,429
Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting
Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011) · The Accounting Review · doi:10.2308/accr.00000005 · Cited by 4,337
Corporate social responsibility and access to finance
Cheng, B., Ioannou, I., & Serafeim, G. (2014) · Strategic Management Journal · doi:10.1002/smj.2131 · Cited by 3,896
Does corporate social responsibility affect the cost of capital?
El Ghoul, S., Guedhami, O., Kwok, C. C. Y., & Mishra, D. R. (2011) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2011.02.007 · Cited by 3,465
The Estimation of Economic Relationships using Instrumental Variables
Sargan, J. D. (1958) · Econometrica · doi:10.2307/1907619 · Cited by 3,377
The price of sin: The effects of social norms on markets
Hong, H., & Kacperczyk, M. (2009) · Journal of Financial Economics · doi:10.1016/j.jfineco.2008.09.001 · Cited by 2,601

Show all 57 references

Research works printed but not linked: 1

Grant Thornton, 2011. Public opinion driving CSR activity. Available at: http://www.internationalbusinessreport.com/Press-room/2011/CSR.asp.

Sorted by citations

Items 101–200 of 363

Corporate social responsibility and bankruptcy probability: Exploring the role of market competition, intellectual capital, and equity cost
Kamalirezaei, H., Rostamy, A. A. A., Saeedi, A., & Mohammad, K. V. (2019) · Journal of Corporate Accounting & Finance · doi:10.1002/jcaf.22417 · Cited by 30
Does Social Responsibility Always Begin at Home? The Relation Between Firms’ Pension Policies and Corporate Social Responsibility (CSR) Activities
Anantharaman, D., Gao, F., & Manchiraju, H. (2021) · Review of Accounting Studies · doi:10.1007/s11142-021-09615-7 · Cited by 31
The Effect of ESG Disclosure on Corporate Investment EfficiencyPreprint
Allman, E., & Won, J. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3816592 · Cited by 33
“…and firm value relating to customer satisfaction through better product quality and innovation (Luo and Bhattacharya, 2006), support from external stakeholder (Henisz et al., 2014), investor affect for specific CSR issues (Elliott et al., 2014), or positive media coverage (Cahan et al., 2015).”
Background
Strategic CEO Activism in Polarized Markets
Homroy, S., & Gangopadhyay, S. (2023) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109023001382 · Cited by 36
“One possibility is that CEOs make social statements when the media widely follow their firms for a wider reach of their message (Bushee Core, Guay, and Hamm (2010), Cahan, Chen, Chen, and Nguyen (2015)).”
The impact of penalties for environmental violations on corporate environmental responsibility
Li, R., Ramanathan, R., & Xu, G. (2022) · Sustainable Development · doi:10.1002/sd.2452 · Cited by 27
Ethical Firms and Web Reporting: Empirical Evidence about the Voluntary Adoption of the Italian “Legality Rating”
Caputo, F., & Pizzi, S. (2018) · International Journal of Business and Management · doi:10.5539/ijbm.v14n1p36 · Cited by 26
“38 engaged in these activities can often benefit indirectly from greater attention from the media regarding their activities, thus generating as a positive externality an effective increase in popularity, and therefore reputation, among stakeholders (Cahan et al., 2015).”
Background
Corporate social responsibility and financial reporting quality: evidence from US firms
Chulkov, D., & Wang, X. (2023) · Studies in Economics and Finance · doi:10.1108/sef-09-2022-0462 · Cited by 31
How subsidiary and supplier misbehavior lead to corporate social responsibility performance improvements in multinationals
Li, C., & Cuervo-Cazurra, Á. (2023) · Journal of International Business Studies · doi:10.1057/s41267-023-00666-3 · Cited by 24
“In institutional environments with strict regulatory standards, firms with good CSR performance can differentiate their corporate brands from those of misbehaving partners (Cahan et al., 2015).”
CSR disclosure and investor social preferences: heterogenous investor responses to media reports on corporate greenwashing
Schwertner, T., & Sohn, M. (2024) · Journal of Accounting & Organizational Change · doi:10.1108/jaoc-01-2023-0012 · Cited by 20
Tourist ESG engagement behaviors: conceptualization, scale development, and nomological Network
Shin, H., Kim, H., & Kang, J. (2025) · Journal of Sustainable Tourism · doi:10.1080/09669582.2025.2453680 · Cited by 25
“…non-financial performances from a consumer perspective, such as customer loyalty, brand reputation, customer satisfaction, and price sensitivity (Cahan et al., 2015; fatemi et al., 2018; flammer, 2015). other studies have analyzed the association between firms’ ESG activities and variations in…”
Corporate sustainability, earnings persistence and the association between earnings and future cash flows
Jia, J., & Li, Z. (2021) · Accounting and Finance · doi:10.1111/acfi.12791 · Cited by 24
Media visibility and board gender diversity
Peña‐Martel, D., Alemán, J. P., & Martín, D. J. S. (2021) · Business Ethics the Environment & Responsibility · doi:10.1111/beer.12382 · Cited by 24
Examining the relationship between negative media coverage and corporate social responsibility
Pan, X., Chen, X., & Yang, X. (2022) · Business Ethics the Environment & Responsibility · doi:10.1111/beer.12430 · Cited by 24
COVID-19 and CSR disclosure: evidence from New Zealand
Bahadar, S., & Zaman, R. (2022) · China Accounting and Finance Review · doi:10.1108/cafr-03-2022-0017 · Cited by 23
Does government initiated corporate social responsibility lower the default risk? Evidence from the targeted poverty alleviation campaign in China
Wu, D., Cheng, H., Luo, C., & Han, L. (2022) · Pacific-Basin Finance Journal · doi:10.1016/j.pacfin.2022.101881 · Cited by 25
CSR as an impression-management strategy: the joint effect of disclosure tone management and earnings management
Hamza, S., Mezgani, N., & Jarboui, A. (2023) · Sustainability Accounting Management and Policy Journal · doi:10.1108/sampj-08-2022-0423 · Cited by 29
Mandatory CSR and Sustainability Reporting: Economic Analysis and Literature Review
Christensen, H. B., Hail, L., & Leuz, C. (2019) · National Bureau of Economic Research · doi:10.3386/w26169 · Cited by 29
Greening through social trust?
Zhang, J., & Chen, Z. (2023) · Research in International Business and Finance · doi:10.1016/j.ribaf.2023.102061 · Cited by 24
Do ESG ratings inhibit corporate leverage manipulation? The moderating effects of internal and external supervision
Shan, M., & Zhu, J. (2024) · Sustainability Accounting Management and Policy Journal · doi:10.1108/sampj-08-2023-0542 · Cited by 24
Media tone, bias, and stock price crash risk: evidence from China
Li, Q., Wang, J., & Bao, L. (2019) · Asia-Pacific Journal of Accounting & Economics · doi:10.1080/16081625.2019.1654396 · Cited by 22
Media, independent non-executive directors and strategy disclosure by non-financial listed firms in the UAE
Hassan, M. K., & Lahyani, F. E. (2019) · Corporate Governance · doi:10.1108/cg-01-2019-0032 · Cited by 22
Corporate social responsibility intensity: Shareholders’ value adding or destroying?
Asogwa, C. I., Ugwu, O. C., Okereke, G. K., Samuel, A., Igbinedion, A., Uzuagu, A. U., & Abolarinwa, S. (2020) · Cogent Business & Management · doi:10.1080/23311975.2020.1826089 · Cited by 23
“Cahan et al. (2015) predicted that reverse causality could cause a serious problem in present study environment.”
BackgroundMethod
The Strategic Use of Corporate Philanthropy: Evidence from Bank Donations
Choi, S., Park, R. J., & Xu, S. (2023) · European Finance Review · doi:10.1093/rof/rfad003 · Cited by 24
The Ideological Imperative: Corporate Social Responsibility and News Media Coverage of Firms
Dewan, Y., Simons, T., & Wernicke, G. (2024) · Organization Science · doi:10.1287/orsc.2022.17237 · Cited by 23
Environmental, social and governance (ESG) performance and earnings management: the role of gender diversity
Primacintya, V. A., & Kusuma, I. W. (2025) · Asian Journal of Accounting Research · doi:10.1108/ajar-12-2023-0414 · Cited by 21
Strategic tone management in ESG reports and ESG risk
Li, R., Wu, H., Zhong, M., & Lan, H. (2024) · International Review of Financial Analysis · doi:10.1016/j.irfa.2024.103618 · Cited by 22
ESG and stock price crash risk revisited: Evidence from mandatory ESG disclosure policy in China
Hao, J., Sun, R., Gong, X., & Zhu, X. (2025) · Pacific-Basin Finance Journal · doi:10.1016/j.pacfin.2025.102729 · Cited by 20
Reaching an Optimally Distinctive CSR Strategy: Examining the Antecedents of CSR Scope Conformity and Emphasis Differentiation Among Chinese Publicly Listed Companies
Zhang, Y., Zhou, X., & Lyles, M. A. (2022) · Management and Organization Review · doi:10.1017/mor.2022.20 · Cited by 20
Media coverage as a moderator in the nexus between audit quality and ESG performance: Evidence from China
Cai, C., Hazaea, S. A., Alsayegh, M. F., Sahu, M., Raid, M., & Alahdal, W. M. (2024) · PLoS ONE · doi:10.1371/journal.pone.0312510 · Cited by 19
Assessing Influence Mechanism of Management Overconfidence, Corporate Environmental Responsibility and Corporate Value: The Moderating Effect of Government Environmental Governance and Media Attention
Bai, G., & Meng, D. (2022) · International Journal of Environmental Research and Public Health · doi:10.3390/ijerph20010577 · Cited by 19
The effect of environmental ethics and spiritual orientation on firms’ outcomes: the role of senior management orientation and stakeholder pressure
Qalati, S. A., Siddiqui, F., & Wu, Q. (2024) · Humanities and Social Sciences Communications · doi:10.1057/s41599-024-04354-x · Cited by 25
“This is because the integration provides an increasing form of ﬁ rm reputation, operational ef ﬁ ciency, and compliance, as af ﬁ rmed by Cahan et al. (2015).”
Does media coverage affect credit rating change decisions?
Baker, H. K., Dutta, S., Saadi, S., & Zhong, L. (2022) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2022.106667 · Cited by 18
CULTURA SUSTENTÁVEL RIMA COM BOM DESEMPENHO? UM ESTUDO DAS EMPRESAS LISTADAS NO ÍNDICE DE SUSTENTABILIDADE EMPRESARIAL (ISE)
Duda, E. D. N., da Silva, D. J. C., Lagióia, U. C. T., & dos Santos, M. A. (2022) · Revista de Gestão Social e Ambiental · doi:10.24857/rgsa.v16n2-013 · Cited by 18
“Os estudos de Cahan et al. (2015), Eccles et al. (2014), Fatemi et al. (2015), Filbeck et al. (2009), Lo e Sheu (2007), Rodriguez-Fernandez (2016) e Wang e Sarkis (2017), por exemplo, concluíram que investir em atividades ESG melhora o desempenho financeiro e, consequentemente, a imagem da…”
Background
Do media coverage and audit quality of US companies affect their Environmental, Social and Governance transparency?
Moalla, M., & Dammak, S. (2023) · Journal of financial reporting & accounting · doi:10.1108/jfra-09-2022-0353 · Cited by 25
Can CSR effectively promote corporate green innovation efficiency?
Hao, X., Sun, Q., Li, K., Xue, Y., & Wu, H. (2024) · Environment Development and Sustainability · doi:10.1007/s10668-024-04632-3 · Cited by 21
“In addition, companies with good social responsibility performance will receive more favorable media coverage, resulting in a good media image (Cahan et al., 2015), which further motivates managers to focus on the environmental benefits of the company.”
ESG and the Cost of Debt: Role of Media Coverage
Rong, X., & Kim, M. (2024) · Sustainability · doi:10.3390/su16124993 · Cited by 18
Exaggerating, Distracting, or Window-Dressing? An Empirical Study on Firm Greenwashing Recognition
Yuan, X., Xu, J., & Shang, L. (2024) · Finance Research Letters · doi:10.1016/j.frl.2024.105845 · Cited by 18
The Impact of CSR Efforts on Firm Performance in the Energy Sector
Lloyd, R. (2017) · Digital Commons - George Fox University (George Fox University) · Cited by 17
Must social performance ratings be idiosyncratic? An exploration of social performance ratings with predictive validity
Svanberg, J., Ardeshiri, T., Samsten, I., Öhman, P., Neidermeyer, P. E., Rana, T., Maisano, F., & Danielson, M. (2023) · Sustainability Accounting Management and Policy Journal · doi:10.1108/sampj-03-2022-0127 · Cited by 21
Effect of media attention on corporate green technology innovation: mechanism and evidence from China
Deng, J., Li, Y., Ding, Y., & Liu, F. (2024) · Empirical Economics · doi:10.1007/s00181-024-02660-6 · Cited by 17
“The theory of environmental public participation states that the public has the right to obtain environmental information, participate in environmental decision-making, and exercise environmental regulation (Chen et al. 2015).”
Male pupils taught by female homeroom teachers show a higher preference for Corporate Social Responsibility in adulthood
Yamamura, E., Managi, S., & Tsutsui, Y. (2019) · Journal of the Japanese and International Economies · doi:10.1016/j.jjie.2019.101048 · Cited by 18
“Firms with higher CSR scores tend to receive more favorable news coverage, and the positive interaction between CSR and the media coverage improves their performance (Cahan et al., 2015).”
Background
Why Do Investors Exhibit Varied Reactions to ESG Incidents Reported by U.S. Firms Worldwide?
Gao, N., Jiang, W., & Jin, J. (2023) · Journal of international financial markets, institutions, and money · doi:10.1016/j.intfin.2023.101906 · Cited by 11
Peer effects on corporate environmental protection: Competition, information cascades or career concerns?
Liang, Q., Li, Q., Lu, M., Shan, Y., & Wang, P. (2024) · Pacific-Basin Finance Journal · doi:10.1016/j.pacfin.2024.102313 · Cited by 15
Governance and sustainability: The role of environmental disclosures and board characteristics in environmental, social, and governance reporting
Elsheikh, T., Almaqtari, F. A., Farhan, N. H. S., Mishra, N., & Ettish, A. A. (2024) · Journal of Governance and Regulation · doi:10.22495/jgrv13i3art14 · Cited by 16
“Lastly, reporting according to ESG is indispensable for corporate reputation, management orientation, transparency, and risk management, which all lead to higher value (Cahan et al., 2015).”
Background
Can ESG reconcile the conflicting motives of cash holding? Evidence from China
Lai, X., Quan, L., Guo, C., & Zhang, F. (2024) · Empirical Economics · doi:10.1007/s00181-024-02691-z · Cited by 15
Why Chinese Financial Market Investors Do Not Care about Corporate Social Responsibility: Evidence from Mergers and Acquisitions
Ming-hui, L., Lan, F., & Zhang, F. (2019) · Sustainability · doi:10.3390/su11113144 · Cited by 15
Diversity Breeds Strength: CEO Functional Experience Diversity and Corporate ESG Performance
Liu, X., Zhou, S., & Mi, J. (2025) · Business Strategy and the Environment · doi:10.1002/bse.4227 · Cited by 14
External governance monitoring and corporate behavior: Impact of negative media coverage pressure on ESG rating divergence
Ali, A., & Ali, F. (2025) · Borsa Istanbul Review · doi:10.1016/j.bir.2025.05.005 · Cited by 14
Propelling the Transition to Circular Economy: Exploring the Role of Corporate Circular Economy Performance‐Based Incentive Policy
Morrison, E. A., Adu, D. A., & Kimani, D. (2025) · Business Strategy and the Environment · doi:10.1002/bse.4285 · Cited by 14
Corporate Social Responsibility
Kasemsap, K. (2017) · Advances in human resources management and organizational development book series · doi:10.4018/978-1-5225-1974-4.ch009 · Cited by 14
Economic Analysis of Widespread Adoption of CSR and Sustainability Reporting Standards: Structured Overview of CSR LiteraturePreprint
Christensen, H. B., Hail, L., & Leuz, C. (2019) · SSRN Electronic Journal · doi:10.2139/ssrn.3313793 · Cited by 15
Does Entrepreneurs’ Darwinian Social Identity Contribute to Business Performance via Corporate Social Responsibility in China? The Role of Entrepreneurs’ Well-Being
Chen, J., Chen, N. C., Yu, K., & Hall, C. M. (2021) · Frontiers in Psychology · doi:10.3389/fpsyg.2021.781399 · Cited by 18
“According to the previous studies, upper echelons theory point out the crucial role of certain individuals in a firm, such as the owners and top managers, which may be deemed significant for CSR (Hambrick and Mason, 1984; Ponzi et al., 2011; Cahan et al., 2015).”
Result
CEO media coverage and cash holdings
Ahmed, M. S., Kumar, S., Gupta, P., & Bamel, N. (2023) · International Review of Financial Analysis · doi:10.1016/j.irfa.2023.103041 · Cited by 13
The impact of ESG performance on corporate risk-taking: empirical evidence from China
Du, L., & Azman, N. H. N. (2024) · Journal of Sustainable Finance & Investment · doi:10.1080/20430795.2024.2366179 · Cited by 16
“Third, these companies receive more media coverage and attention from analysts (Cahan et al. 2015; Liu, Gu, and Hu 2023).”
Does a competitive external labour market affect corporate social responsibility? Evidence from industry tournament incentives
Chowdhury, H., Hodgson, A., & Hasan, M. M. (2021) · Journal of Behavioral and Experimental Finance · doi:10.1016/j.jbef.2021.100617 · Cited by 13
Socially responsible local firms and stock market participation: Evidence from the U.S. household survey
Tsang, A., & Yu, L. G. (2023) · Journal of Behavioral and Experimental Finance · doi:10.1016/j.jbef.2023.100854 · Cited by 15
CEO Media Exposure and Green Technological Innovation Decision: Evidence from Chinese Polluting Firms
Wang, C., Hu, Y., Zhang, J., & Miao, C. (2020) · Mathematical Problems in Engineering · doi:10.1155/2020/8271621 · Cited by 13
“asymmetry between enterprise and stakeholders [22].”
Mandatory CSR Disclosure and Pay Gap: Evidence from China
Huang, H., Kong, D., Yu, L., & Zhang, J. (2021) · Emerging Markets Finance and Trade · doi:10.1080/1540496x.2022.2050902 · Cited by 14
Managing disclosure of political risk: The case of socially responsible firms
Laksmana, I., Harjoto, M. A., & Kim, H. (2022) · Journal of Business Research · doi:10.1016/j.jbusres.2022.113366 · Cited by 14
Public Attention, Government Subsidies and Corporate Environmental Disclosure: Empirical Evidence from Listed Chinese Enterprises in Heavy-Pollution Industries
Wang, Q. (2020) · International Journal of Sustainable Development and Planning · doi:10.18280/ijsdp.150306 · Cited by 12
Media Coverage of Carbon Neutral Organizations in Costa Rica: Environmental Sustainability Practices and Consumer Recognition
Valenciano-Salazar, J. A., André, F. J., & Rivero, C. (2022) · Innovar · doi:10.15446/innovar.v33n88.106254 · Cited by 11
Internal governance and corporate social responsibility performance
Chen, W., Zhang, J. J., & Zhou, G. (2023) · Journal of Business Finance & Accounting · doi:10.1111/jbfa.12783 · Cited by 14
The effect of ESG-motivated turnover on firm financial risk
Choi, D., Gam, Y. K., Kang, M. J., & Shin, H. (2024) · The British Accounting Review · doi:10.1016/j.bar.2024.101373 · Cited by 11
Managerial pessimism and investment in corporate social responsibility
Koo, K., & Kim, J. B. (2024) · Journal of Business Research · doi:10.1016/j.jbusres.2024.114953 · Cited by 12
Environmental investment, climate risk and firm climate resilience: evidence from China
Gao, X., Dong, S., & Liu, C. (2024) · Environment Development and Sustainability · doi:10.1007/s10668-024-05518-0 · Cited by 11
“…government support (Lim et al., 2018), uses ratio of the sum of accounts and notes payable to total assets as a proxy variable for trade credit to describe supply chain support (Abuhommous, 2017), and uses the number of positive news reports to gauge social public support (Cahan et al., 2015).”
The Value of CSR in Acquisitions: Evidence from China
Li, K., He, C., Dbouk, W., & Zhao, K. (2021) · Sustainability · doi:10.3390/su13073721 · Cited by 11
“Most studies hold that CSR creates value, and therefore weakens the negative correlation between managerial entrenchment and firm value and lowers firm risk [3,6,8,13], albeit the impact of CSR on corporate value may depend on economic conditions [30] and on whether high-CSR companies receive more favorable media cove…”
Background
Targeted poverty alleviation and corporate financial performance: The CSR strategy perspective
He, C., Zhang, J., Wang, L., Wang, W., & Li, F. (2023) · Australian Journal of Management · doi:10.1177/03128962231214798 · Cited by 11
“In other words, the fulfilment of CSR can improve the media attention of the enterprise, so that the corporate has a more positive media image (Cahan et al., 2015).”
Political connections and media slant
Guo, S., Yu, X., & Faff, R. W. (2021) · International Review of Economics & Finance · doi:10.1016/j.iref.2021.02.003 · Cited by 11
Informal regulation by nongovernmental organizations enhances corporate compliance: Evidence from a nationwide randomized controlled trial in China
Tang, Y., Liu, M., Xia, F., & Zhang, B. (2023) · Journal of Policy Analysis and Management · doi:10.1002/pam.22530 · Cited by 10
Doing good in times of need: Green finance policy and strategic corporate social responsibility
Sheng, Y., Wang, S., & Wang, Y. (2024) · Economic Analysis and Policy · doi:10.1016/j.eap.2024.10.008 · Cited by 11
Exploring the Impacts of ESG Disclosure on Corporate Financing Constraints: A Perspective of Classifying Corporate Carbon Emissions
Tian, Y., Lai, E., Fu, Y., & Li, Y. (2025) · Corporate Social Responsibility and Environmental Management · doi:10.1002/csr.70097 · Cited by 10
The Changing Face of International Business in the Information Age
Müllner, J., & Filatotchev, I. V. (2018) · Emerald Group Publishing Limited eBooks · doi:10.1108/s1745-886220180000013005 · Cited by 12
Responsabilidad social corporativa en empresas audiovisuales españolas. Análisis de RTVE, Atresmedia y Mediaset
Díaz-Campo, J., & Berzosa, J. (2020) · Revista de Comunicación · doi:10.26441/rc19.1-2020-a6 · Cited by 10
Corporate Social Responsibility and Unsecured Debt: Evidence from China
Chen, X., Ma, Z., Jiayu, S. H. I., Tu, B., & Xu, S. (2020) · Journal of Asian Finance Economics and Business · doi:10.13106/jafeb.2020.vol7.no11.001 · Cited by 12
CEO Career Concerns in Early Tenure and Corporate Social Responsibility (CSR) ReportingPreprint
Chen, L., Liao, C., Tsang, A., & Yu, L. G. (2017) · SSRN Electronic Journal · doi:10.2139/ssrn.2992972 · Cited by 10
Self-citation
Cross‐ownership and corporate ESG investment: Promotion or suppression?
Zhou, M., & Niu, Y. (2024) · Corporate Social Responsibility and Environmental Management · doi:10.1002/csr.2821 · Cited by 9
Effects of CSR-Related Media Coverage on Corporate Reputation
Ennenbach, S., & Barkela, B. (2024) · Corporate Reputation Review · doi:10.1057/s41299-024-00193-3 · Cited by 11
“Moreover, previous research suggested that the interaction of CSR engagement and positive media coverage correlated with the economic firm value of a corporation (Cahan et al. 2015).”
CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE, MEDIA COVERAGE AND FINANCIAL PERFORMANCE: AN EMPIRICAL ANALYSIS IN THE CHINESE CONTEXT
Wang, L., Li, Y., & Li, X. (2020) · The Singapore Economic Review · doi:10.1142/s0217590820500423 · Cited by 9
Do non-local CEOs affect environmental, social and governance performance?
Huang, M., Li, M., & Li, X. (2023) · Management Decision · doi:10.1108/md-07-2022-1004 · Cited by 9
CSR Image Construction of Chinese Construction Enterprises in Africa Based on Data Mining and Corpus Analysis
Zhong, Y., Wenzhong, Z., & Zhou, Y. (2020) · Mathematical Problems in Engineering · doi:10.1155/2020/7259724 · Cited by 9
Framing sports' corporate social responsibility: US women's vs men's soccer leagues
Painter, D. L., Sahm, B., & Schattschneider, P. (2021) · Corporate Communications An International Journal · doi:10.1108/ccij-03-2021-0035 · Cited by 12
To Get Rich is Glorious: Private Entrepreneurs in China’s Anti-Poverty Campaign
Huang, J., & Xin, G. (2022) · Journal of Chinese Political Science · doi:10.1007/s11366-021-09773-0 · Cited by 10
“[2] suggest that more socially responsible firms receive more favorable news reportage and thus have a more positive media image.”
Background
Corporate Governance and Corporate Social Responsibility
Ghosh, A. (2017) · India studies in business and economics · doi:10.1007/978-981-10-3123-6_8 · Cited by 9
Are socially responsible firms less likely to restate earnings?
Сергеевна, Ч. Ю., Dayanandan, A., Donker, H. A., & Nofsinger, J. R. (2018) · Global Finance Journal · doi:10.1016/j.gfj.2018.02.002 · Cited by 9
The moderating effect of culture on the relationship between women directors and CSR disclosure in Malaysia
Rahman, I. M. A., & Ismail, K. N. I. K. (2018) · Asian Journal of Accounting and Governance · doi:10.17576/ajag-2018-09-12 · Cited by 9
“Prior studies such as Amran and Siti-Nabiha (2009), Kahreh, Babania, Tive and Mirmehdi (2014), Cahan, Chen, Chen and Nguyen (2015), and Usman and Amran (2015) provided evidence that CSR disclosure is able to improve financial performance and company’s core values, as well as enhance brand image and…”
Does firms’ rhetorical nationalism obscure stock price informativeness? Evidence from Chinese listed firms
Jin, T., Wang, J., & Wu, Y. (2025) · Research in International Business and Finance · doi:10.1016/j.ribaf.2025.103205 · Cited by 8
Government subsidies, maturity mismatch of investment and financing, and ESG performance ——A study about A-share listed new energy companies in China
Wang, L., & Chen, M. (2026) · International Review of Economics & Finance · doi:10.1016/j.iref.2026.104973 · Cited by 8
Business social norms from overseas and corporate social responsibility performance: evidence from China
Ning, C., Hao, Y., Liu, Z., & Liu, Y. (2019) · Asia-Pacific Journal of Accounting & Economics · doi:10.1080/16081625.2019.1600416 · Cited by 8
“For example, firms that invest more in CSR activities receive more favorable media coverage (Cahan et al. 2015), and exhibit lower cost of equity financing (El Ghoul et al. 2011), relatively higher credit ratings (Attig, Ghoul, and Guedhami 2013), and cheaper debt cost (Goss and Roberts 2011).”
Impact of Environmental Disaster Movies on Corporate Environmental and Financial Performance
Kim, H. H.-D., & Park, K. (2021) · Sustainability · doi:10.3390/su13020559 · Cited by 8
“[12] demonstrate that firms intentionally manipulate their media coverage.”
Background
Different kettles of fish: corporate social performance, media legitimacy, and corporate financial performance of Chinese firms
Xie, J., Riaz, H., Li, X., Su, X., & Awan, T. M. (2021) · Journal of Environmental Planning and Management · doi:10.1080/09640568.2021.1975105 · Cited by 8
The Multilevel Politics of Government–Business Collaboration in China's Rural Poverty Alleviation
Liu, L., & Wang, Y. (2023) · The China Quarterly · doi:10.1017/s0305741023001479 · Cited by 9
The Impact of Family Determinants on the Media Coverage of Family Business Activism in Sustainability
Ginesti, G., & Ossorio, M. (2025) · Business Strategy and the Environment · doi:10.1002/bse.4106 · Cited by 7
Mandatory ESG reporting and cross-Listing activities: Worldwide evidence
Chen, X., Chen, Z., Torsin, W., Tsang, A., & Zeng, X. (2025) · The British Accounting Review · doi:10.1016/j.bar.2025.101706 · Cited by 7
Media Sentiment and Institutional Ownership
Nguyen, L. T. M., & Song, J. M. (2022) · Journal of Behavioral Finance · doi:10.1080/15427560.2022.2100378 · Cited by 7
“…the instrument variable approach based on an instrument variable — advertising expenditure of firms — which is positively associated with our media sentiment variable, because firms with greater advertising expenses are treated more favorably by the media (Gurun and Butler 2012; Cahan et al. 2015).”
Background
Resilient product and production adaptation in a large-scale disaster: Does it pay off?
Sun, W., Yang, B., Dong, M. C., & Cadeaux, J. (2023) · Decision Sciences · doi:10.1111/deci.12597 · Cited by 5
When Corporate Social Responsibility Messages Enter the News: Examining the Effects of CSR-Framed News on Product Purchasing Intentions and the Mediating Role of Company and Product Attitudes
von Sikorski, C., & Muller, L. T. (2018) · Communication Research Reports · doi:10.1080/08824096.2018.1506757 · Cited by 7
“Second, CSR information is relevant for journalists because it offers new angles of reporting and provides additional information to readers (Cahan et al., 2015).”
Background
A Tale of Identities: Environmental Identities Based on a Deliberate Metaphor Analysis of U.S. Energy Companies’ Social Media
Yang, K., & Sun, Y. (2025) · Journal of Business and Technical Communication · doi:10.1177/10506519241307787 · Cited by 6
Corporate social responsibility and stock liquidity across the globe
Nguyen, V. H., & Dang, T. L. (2025) · International Review of Economics & Finance · doi:10.1016/j.iref.2025.104182 · Cited by 6
Do auditors charge clients with higher audit fees for blockchain investments?
Chen, J. J., Huang, L., Xiao, J. Z., & Zhang, H. (2025) · Journal of International Accounting Auditing and Taxation · doi:10.1016/j.intaccaudtax.2025.100707 · Cited by 8
Friendly press, fading greens: The effect of media connection on firm greenwashing
Dong, H., Li, C., & Wang, X. (2025) · Global Finance Journal · doi:10.1016/j.gfj.2025.101179 · Cited by 6

Authors: Cahan, S. F., Chen, C., Chen, L., & Nguyen, N. H.
Affiliations: University of Auckland (NZ)
Massey University (NZ)
Corresponding author: Cahan, Steven F.
ORCID: Cahan, Steven F.
Chen, Chen
Chen, Li
Nguyen, Nhut H.
Venue: Journal of Banking & Finance
Publisher: Elsevier BV
Published: 2015-10
Volume: 59
Pages: 409-422
ISSN: 0378-4266 (ISSN-L)
DOI: 10.1016/j.jbankfin.2015.07.004
OpenAlex: W1744998595
Cited by: 365
References: 57
Citations by year: 2026: 30 · 2025: 73 · 2024: 45 · 2023: 52 · 2022: 42 · 2021: 33 · 2020: 28 · 2019: 29 · 2018: 13 · 2017: 16 · 2016: 2 · 2015: 1
FWCI: 29.88
Type: journal article
Language: en
Open access: green
papers.ssrn.com
Licence: www.elsevier.com/tdm/userlicense/1.0/ (tdm)
Locations: Journal of Banking & Finance (publishedVersion)
SSRN Electronic Journal (submittedVersion)
RePEc: Research Papers in Economics (submittedVersion)
ANU Open Research (Australian National University) (submittedVersion)
Topics: Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Social Responsibility Reporting
Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Identity and Reputation
Social Sciences › Communication › Public Relations and Crisis Communication
Keywords: corporate social responsibility, media coverage, investor sentiment, seasoned equity offerings, business valuation, cost of capital, media slant

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

Corporate social responsibility and media coverage

Overview

Integrity signals

Verification

Claims the paper makes

Claims other papers make about this one

Citations

Cites

Cited by

Related

Metadata

Record

About these checks