Effectof Geographical Location On Corporate Social Responsibility Input And Its Value In China

Corporate social responsibility behavior provides important microeconomic supporting for China's economic transformation under new normal.Considering the imbalance of regional economic development,how to effectively promote regional corporate social responsibility? How does corporate social responsibility activity behave heterogeneously and convergently at the geographic level? How to coordinate stakeholders' management and enterprises' development? How to adjust measures of conducting sustainability of corporate social responsibility to local conditions? These questions are worth thinking about.Based on contract theory,stakeholder theory,information asymmetry theory,elements of density and distance in new economic geography,and institutional isomorphism theory,this dissertation selects listed companies from 2010 to 2014,and mainly employs Ordinary Least Square and Fuzzy-Set Qualitative Comparative Analysis to answer these questions.The main conclusions of the dissertation include:First,state-owned enterprises are in line with the “outcome mode”,since higher level of information asymmetry in remote areas results in lower pressure from stakeholders.Private enterprises are in line with the “substitute mode”,since their resource accessibility and development potential are restricted by high information asymmetry and low market potential,thus pushing them to reduce information through strategic corporate social responsibility,and enhance stakeholder influence capacity.The mechanism results also show that corporate social responsibility can reduce information asymmetry,and the high corporate social responsibility level of private enterprises in remote areas is not a reflection of agency costs.The sub-dimension test shows that the overall performance of private enterprises in the investor dimension is better,namely a strong profit motivation.In addition to this dimension,all other dimensions support the “substitute mode” to some extent.Second,there exists the peer effect in the process of fulfilling social activities.At the same time,due to the heterogeneity of resource endowment and operating conditions,firms tend to follow the average level.However,the conclusion is contingent on property rights and geographical locations.Among them,state-owned enterprises are more likely to imitate their peer companies and respond more to leading companies.Meanwhile,remote firms are more likely to imitate similar enterprises.Third,more centralized and combined patterns are easier to improve enterprisevalue;for general firms,better relationships of investor,supplier and customer should be the basis,supplemented by better employee relationship or environmental protection,but community feedback is not important;after incorporating the geographical locations and property rights,priority of investor relations has been further highlighted.State-owned enterprises in the central region enjoy dividends produced by the institutional environment optimization,thus strengthening investor relations compared to remote region.Private enterprises in the central region can take proactive environmental strategies,and those in remote areas should highlight the role of community feedback.The dissertation chooses geographical level as viewing point,coring with corporate social responsibility behavior selection and optimization,and aims to discuss the relationship model between geographic context and fulfillment and consequence of corporate social responsibility,research and design policy framework in order to coordinate stakeholders' management and enterprises' development.This study will further promote China's corporate social responsibility research,and provide solid microscopic evidence and theoretical support for economic transition and regional coordination under the new normal.