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The impact of economic policy uncertainty on corporate social responsibility: A new evidence from food industry in China
The ability of the food industry to practice a high degree of corporate social responsibility is related to whether national food safety can be effectively guaranteed. By taking the food enterprises in China’s A-share listed companies from 2009–2018, this paper probes into the influence of China’s m...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2022
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9187064/ https://www.ncbi.nlm.nih.gov/pubmed/35687589 http://dx.doi.org/10.1371/journal.pone.0269165 |
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author | Su, Fang Song, Nini Shang, Haiyang Fahad, Shah |
author_facet | Su, Fang Song, Nini Shang, Haiyang Fahad, Shah |
author_sort | Su, Fang |
collection | PubMed |
description | The ability of the food industry to practice a high degree of corporate social responsibility is related to whether national food safety can be effectively guaranteed. By taking the food enterprises in China’s A-share listed companies from 2009–2018, this paper probes into the influence of China’s macroeconomic policy uncertainty on corporate social responsibility, and depicts the differencent impact of enterprise’s practice of social responsibility under government association and market association, respectively. The results firstly show that, the uncertainty of economic policy has a negative effect on the social responsibility of food enterprises, with a regression coefficient of -0.013. Secondly, nonstate-owned enterprises are more vulnerable to macroeconomic fluctuations in the practice of social responsibility. Thirdly, in the case of greater economic policy uncertainty, enterprises with stronger market connections in the food industry tend to be more conservative in their CSR. The above research results not only verify the path of transmission of economic policy uncertainty to corporate social responsibility, but also provide important ideas and references for improving the level of corporate social responsibility in the food industry and ensuring food safety. |
format | Online Article Text |
id | pubmed-9187064 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
spelling | pubmed-91870642022-06-11 The impact of economic policy uncertainty on corporate social responsibility: A new evidence from food industry in China Su, Fang Song, Nini Shang, Haiyang Fahad, Shah PLoS One Research Article The ability of the food industry to practice a high degree of corporate social responsibility is related to whether national food safety can be effectively guaranteed. By taking the food enterprises in China’s A-share listed companies from 2009–2018, this paper probes into the influence of China’s macroeconomic policy uncertainty on corporate social responsibility, and depicts the differencent impact of enterprise’s practice of social responsibility under government association and market association, respectively. The results firstly show that, the uncertainty of economic policy has a negative effect on the social responsibility of food enterprises, with a regression coefficient of -0.013. Secondly, nonstate-owned enterprises are more vulnerable to macroeconomic fluctuations in the practice of social responsibility. Thirdly, in the case of greater economic policy uncertainty, enterprises with stronger market connections in the food industry tend to be more conservative in their CSR. The above research results not only verify the path of transmission of economic policy uncertainty to corporate social responsibility, but also provide important ideas and references for improving the level of corporate social responsibility in the food industry and ensuring food safety. Public Library of Science 2022-06-10 /pmc/articles/PMC9187064/ /pubmed/35687589 http://dx.doi.org/10.1371/journal.pone.0269165 Text en © 2022 Su et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. |
spellingShingle | Research Article Su, Fang Song, Nini Shang, Haiyang Fahad, Shah The impact of economic policy uncertainty on corporate social responsibility: A new evidence from food industry in China |
title | The impact of economic policy uncertainty on corporate social responsibility: A new evidence from food industry in China |
title_full | The impact of economic policy uncertainty on corporate social responsibility: A new evidence from food industry in China |
title_fullStr | The impact of economic policy uncertainty on corporate social responsibility: A new evidence from food industry in China |
title_full_unstemmed | The impact of economic policy uncertainty on corporate social responsibility: A new evidence from food industry in China |
title_short | The impact of economic policy uncertainty on corporate social responsibility: A new evidence from food industry in China |
title_sort | impact of economic policy uncertainty on corporate social responsibility: a new evidence from food industry in china |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9187064/ https://www.ncbi.nlm.nih.gov/pubmed/35687589 http://dx.doi.org/10.1371/journal.pone.0269165 |
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