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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...

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Detalles Bibliográficos
Autores principales: Su, Fang, Song, Nini, Shang, Haiyang, Fahad, Shah
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2022
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.
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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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