Political Views and Corporate Decision Making: The Case of Corporate Social Responsibility
通过分析2004年美国总统选举中公司总部所在社区的投票结果，发现企业社会责任评级高的公司多位于民主党占优的州和县，而评级低的公司多位于共和党占优的地区。
Abstract This paper conducts an empirical analysis of the relationship between corporate social responsibility (CSR) and political beliefs in the United States. By analyzing the 2004 presidential election results of communities in which corporate headquarters are located, we establish a correlation between the political beliefs of corporate stakeholders and the CSR ratings of their firms. Companies with a high CSR rating tend to be located in Democratic, or “blue” states and counties, while companies with a low CSR rating tend to be located in Republican, or “red” states and counties.