Identificador persistente para citar o vincular este elemento: http://hdl.handle.net/10553/119072
Título: Media visibility and corporate social responsibility investment evidence in Spain
Autores/as: Bona Sánchez, Carolina 
Pérez Alemán, Jerónimo 
Santana Martín, Domingo Javier 
Clasificación UNESCO: 5311 Organización y dirección de empresas
Palabras clave: Corporate Social Responsibility
Media Coverage
Voting-Cash Flow Wedge
Fecha de publicación: 2022
Publicación seriada: Business ethics, the environment & responsibility 
Resumen: Despite the extensive research in both the determinants and the results of corporate social responsibility (CSR), relatively few studies have considered extra-legal institutions as potential determinants of CSR. Our work fills this gap by looking at how media attention affects CSR over a long-term period in a continental European setting. Our results show that media coverage positively affects CSR. Additional scrutiny triggered by media coverage encourages dominant owners to signal their commitment to limiting self-dealing transactions and their orientation toward stakeholders' needs through CSR investments. Additionally, our results reveal that this signaling device offers greater benefits and lower costs in firms where controlling owners show a voting-cash flow wedge. Our results are relevant to different actors such as investors, auditors, and policy makers as they provide solid evidence that media coverage is an important driver of CSR orientation in a continental European setting.
URI: http://hdl.handle.net/10553/119072
ISSN: 2694-6416
DOI: 10.1111/beer.12488
Fuente: Business Ethics, Environment and Responsibility[ISSN 2694-6416], (Enero 2022)
Colección:Artículos
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