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Cited by 1,381

The DOI matches its Crossref record; 86 of the 86 references it cites were found in a registry or an index.

On the Foundations of Corporate Social Responsibility

Open access
LIANG, HAO, RENNEBOOG, LUC·2017·The Journal of Finance
DOI 10.1111/jofi.12487
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Abstract

Using corporate social responsibility (CSR) ratings for 23,000 companies from 114 countries, we find that a firm's CSR rating and its country's legal origin are strongly correlated. Legal origin is a stronger explanation than “doing good by doing well” factors or firm and country characteristics (ownership concentration, political institutions, and globalization): firms from common law countries have lower CSR than companies from civil law countries, with Scandinavian civil law firms having the highest CSR ratings. Evidence from quasi‐natural experiments such as scandals and natural disasters suggests that civil law firms are more responsive to CSR shocks than common law firms.

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Metadata

Authors
LIANG, H., & RENNEBOOG, L.
Venue
The Journal of Finance
Publisher
Wiley
Published
2017-03-21
Volume
72
Issue
2
Pages
853-910
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/jofi.12487
OpenAlex
W3121521941
Cited by
1,381
References
86
FWCI
90.47
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: On the Foundations of Corporate Social Responsibility. https://app.cochat.ai/papers/10.1111/jofi.12487
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LIANG, H., & RENNEBOOG, L. (2017). On the Foundations of Corporate Social Responsibility. The Journal of Finance. https://doi.org/10.1111/jofi.12487

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.