Abstract
Recent research indicates the social norms of geographic areas where firms are headquartered have an impact on corporate decision-making. Drawing on instrumental stakeholder theory and social norm theory, we extend this line of research by examining the influence of local religiosity on corporate social responsibility (CSR). This study shows that firms headquartered in areas with a strong religious presence receive lower ratings for CSR, and the market rewards these firms for their choices. Our findings contribute to understanding factors that impact individual firm choices regarding CSR as well as demonstrating the role of religious attitudes in corporate behavior.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
