Board interlocks and the diffusion of CSR reporting practices: The role of market development

Although traditional studies concerning the diffusion effect of board interlocks stress the influence of mimetic pressures, extant studies increasingly emphasize board interlocks' communication role. From the perspective of corporate social responsibility (CSR) reporting, this paper seeks to in...

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Bibliographic Details
Published in:Corporate social-responsibility and environmental management 2020-05, Vol.27 (3), p.1333-1343
Main Authors: Sun, Weizhang, Li, Xuan, Geng, Yanli, Yang, Jinfeng, Zhang, Yifei
Format: Article
Language:English
Subjects:
board interlocks
corporate social responsibility (CSR) reporting
Diffusion
diffusion effect
Diffusion effects
market development
Social responsibility
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Summary:Although traditional studies concerning the diffusion effect of board interlocks stress the influence of mimetic pressures, extant studies increasingly emphasize board interlocks' communication role. From the perspective of corporate social responsibility (CSR) reporting, this paper seeks to investigate the validity of the two views by introducing market development as a moderating variable. Based on samples of Chinese listed companies between 2008 and 2015, we find that board interlocks positively affect firms' CSR reporting. Consistent with the communication mechanism view, the impact of board interlocks on CSR reporting is relatively weak in developed regions. With this study, we contribute to the literature concerning the diffusion effect of board interlocks and the institutional literature related to CSR reporting.
ISSN:1535-3958
1535-3966
DOI:10.1002/csr.1887