Zhao Weiqi, Zhong Ma, Liao Xinyi, Ye Chuqi, Deng Deqiang
School of Economics and Management, Nanjing Forestry University, Nanjing, China.
Front Psychol. 2022 Mar 11;13:815341. doi: 10.3389/fpsyg.2022.815341. eCollection 2022.
This paper investigates the influence of board network centrality on corporate social responsibility (CSR) decoupling. CSR decoupling refers to the gap between corporate internal and external actions in CSR practices. Specifically, we measure CSR decoupling as the difference between corporate social disclosure (CSD) and corporate social performance (CSP). This paper uses a sample of Chinese A-share listed firms during 2009-2018, takes the technical dimension score (T-score) and content dimension score (C-score) of RKS ratings as proxies of CSD and CSP, and obtains CSR decoupling as the difference between CSD and CSP. Our results show that (1) board network centrality is positively related to over-decoupling in the pre-adoption period (2009-2014) of the new environmental law but negatively related to over-decoupling in the post-adoption period (2015-2018) and (2) centrality is not related to under-decoupling in the pre-adoption period but a significantly positive related in the post-adoption period. Our finding reveals a complex role of the board network in CSR practices in China.
本文研究董事会网络中心性对企业社会责任（CSR）脱钩的影响。企业社会责任脱钩是指企业在社会责任实践中内部与外部行动之间的差距。具体而言，我们将企业社会责任脱钩衡量为企业社会披露（CSD）与企业社会绩效（CSP）之间的差异。本文以2009 - 2018年中国A股上市公司为样本，采用润灵环球评级的技术维度得分（T得分）和内容维度得分（C得分）作为企业社会披露和企业社会绩效的代理变量，并将企业社会责任脱钩作为企业社会披露与企业社会绩效之间的差异。我们的结果表明：（1）在新环境法的采纳前期（2009 - 2014年），董事会网络中心性与过度脱钩呈正相关，但在采纳后期（2015 - 2018年）与过度脱钩呈负相关；（2）在采纳前期，中心性与低度脱钩无关，但在采纳后期与低度脱钩呈显著正相关。我们的研究发现揭示了中国董事会网络在企业社会责任实践中的复杂作用。
