Impacts of CSR on the efficiency of Chinese enterprises' Outward FDI

Abstract

OFDI is an important way for enterprises to participate in international competition. However, the existing studies have paid less attention to the efficiency of OFDI, especially the mechanism of CSR on the efficiency of OFDI. Therefore, based on the perspective of signaling theory, this paper empirically examines the impact of CSR on the efficiency of corporate OFDI and the mediating role of media attention, using A-share listed companies from 2011 to 2022 as the sample. The findings provide new perspectives for enterprises to improve OFDI efficiency, and also provide practical guidance for governments to pay sufficient attention to CSR.