Local connectedness and corporate social responsibility
研究了美国公司所在地区的居民社会联系强度如何影响企业社会责任表现，发现联系越紧密的地区企业CSR水平越高，对关注企业社会行为的投资者和管理者有参考价值。
Abstract I examine the relationship between social connectedness and corporate prosocial behavior, as measured by corporate social responsibility (CSR). Using a novel connectedness measure, I empirically investigate the effect of local connectedness on CSR for a large sample of U.S. firms. I show that firms in areas with stronger connectedness have higher CSR levels. The local connectedness effect on CSR remains robust after addressing endogeneity concerns and robustness checks. My findings suggest that the link between social connectedness and individual prosocial behavior, highlighted in social science literature, exists for corporations, and local connectedness is an important predictor of CSR.