CSR, social ties and firm performance

This paper aims to explore the effect of social ties on the relationship between corporate social responsibility (CSR) and firm performance in Korea.,Social ties were measured from firm disclosures of 318 Korean firms from 2012 to 2015. Propensity score matching and regression analysis were used to investigate the moderating effects of social ties on the relationship between CSR and firm performance.,The result shows that social ties have more negative moderating effects on the relationship between CSR and firm performance in Chaebol firms than in non-Chaebol firms.,Firms need to enhance the monitoring of social ties within board members to assure the proper oversight of CSR.,This paper contributes to the CSR literature by providing empirical evidence of the negative aspects of social ties on the relationship between CSR and firm performance in Korea.

• Publication year

  2019

• Venue

  Corporate Governance

• Publication date

  2019-12-02

• Fields of study

  Business, Economics

• Identifiers
  DOI 10.1108/CG-02-2019-0068
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

• Corporate Social Responsibility. Strategy for sustainable business success. An analysis of 20 selected British companies.

  2021cited by this paper
• Permanency of CSR Activities and Firm Value

  2018cited by this paper
• Does ESG Performance Enhance Firm Value? Evidence from Korea

  2018cited by this paper
• The effect of mandatory CSR disclosure on firm profitability and social externalities: Evidence from China

  2017cited by this paper
• Corporate sustainability and financial performance of Chinese banks

  2017cited by this paper
• When Does It Pay to be Good? Moderators and Mediators in the Corporate Sustainability–Corporate Financial Performance Relationship: A Critical Review

  2017cited by this paper
• Do Women Leaders Promote Sustainability? Analyzing the Effect of Corporate Governance Composition on Environmental Performance

  2016cited by this paper
• Corporate social responsibility, real activities earnings management, and corporate governance: evidence from Korea

  2016cited by this paper
• Corporate governance and corporate social responsibility disclosure: evidence from Pakistan

  2016cited by this paper
• Board composition and corporate social responsibility in an emerging market

  2016cited by this paper
• Has the CSR engagement of electrical companies had an effect on their performance? A closer look at the environment

  2015cited by this paper
• A Study on Relation between Corporate Social Responsibility and Profitability-and-Corporate Value

  2015cited by this paper
• Exploring the Relationship Between Board Characteristics and CSR: Empirical Evidence from Korea

  2015cited by this paper
• A New Look at the Corporate Social–Financial Performance Relationship

  2013cited by this paper
• Post‐crisis restructuring of the corporate governance of Korean companies

  2013cited by this paper
• Corporate Social Responsibility, Corporate Governance and Earnings Quality: Evidence from Korea

  2013cited by this paper
• Examining the Link between Strategic Corporate Social Responsibility and Company Performance: An Analysis of the Best Corporate Citizens

  2013cited by this paper
• How Corporate Social Responsibility Engagement Strategy Moderates the CSR–Financial Performance Relationship

  2012cited by this paper
• External Networking and Internal Firm Governance

  2012cited by this paper
• Should Independent Board Members with Social Ties to Management Disqualify Themselves from Serving on the Board?

  2011cited by this paper
• Corporate social responsibility and corporate financial performance in China: an empirical research from Chinese firms

  2011cited by this paper
• Corporate Governance and CSR Nexus

  2011cited by this paper
• Sell-Side School Ties

  2010cited by this paper
• Corporate governance, corporate social responsibility and corporate performance

  2010cited by this paper
• Sell‐Side School Ties

  2010cited by this paper
• It Pays to Have Friends

  2009cited by this paper
• Social Capital and Social Influence on the Board of Directors

  2009cited by this paper
• Corporate Social and Financial Performance: An Extended Stakeholder Theory, and Empirical Test with Accounting Measures

  2008cited by this paper
• Some Practical Guidance for the Implementation of Propensity Score Matching

  2008cited by this paper
• THE PROPORTION AND SOCIAL CAPITAL OF OUTSIDE DIRECTORS AND THEIR IMPACTS ON FIRM VALUE: EVIDENCE FROM KOREA

  2007cited by this paper
• The Small World of Investing: Board Connections and Mutual Fund Returns

  2007cited by this paper
• A Theory of Friendly Boards

  2007cited by this paper
• Corporate Reputation and Social Performance: The Importance of Fit

  2006cited by this paper
• Board Network Characteristics and Firm Performance in Korea

  2005cited by this paper
• The value-relevance of R&D and advertising expenditures: Evidence from Korea

  2004cited by this paper
• Breakthrough Board Performance: How to Harness Your Board’s Intellectual Capital

  2004cited by this paper
• Global Corporate Governance: Debates and Challenges

  2004cited by this paper
• Ownership Structure, Expropriation, and Performance of Group-Affiliated Companies in Korea

  2003cited by this paper
• Founding-Family Ownership and Firm Performance: Evidence from the S&P 500

  2003cited by this paper
• Agency problems and performance of Korean companies during the Asian financial crisis: Chaebol vs. non-chaebol firms

  2003cited by this paper
• The Importance of Social Capital to the Management of Multinational Enterprises: Relational Networks Among Asian and Western Firms

  2002cited by this paper
• Beyond the business case for corporate sustainability

  2002cited by this paper
• Social Capital: Prospects for a New Concept

  2002cited by this paper
• Tunneling or Value Addition? Evidence from Mergers by Korean Business Groups

  2000cited by this paper
• The Politics of Long-Term Corruption Reform: A Combined Social Movement and Action-Learning Approach

  2000cited by this paper
• Collaboration in the Boardroom: Behavioral and Performance Consequences of CEO-Board Social Ties

  1999cited by this paper
• Number of Directors and Financial Performance: A Meta-Analysis

  1999cited by this paper
• Alliances and networks

  1998cited by this paper
• The contingent value of social capital.

  1997cited by this paper
• Advertising, R&D Expenditures and the Market Value of the Firm

  1993cited by this paper
• Determinants of Financial Performance: A Meta-Analysis

  1990cited by this paper
• The central role of the propensity score in observational studies for causal effects

  1983cited by this paper

• Unraveling sustainable corporate governance: The dynamic interplay of network strategies, board social learning, and board structure

  2026cites this paper
• Revisiting knowledge on ESG/CSR and financial performance: A bibliometric and systematic review of moderating variables

  2025cites this paper
• Social ties as dynamic managerial capabilities and SME performance: unraveling the role of industrial boundary conditions

  2025cites this paper
• PENGARUH ENVIRONMENTAL, SOCIAL DAN GOVERNANCE TERHADAP FOREIGN DIRECT INVESTMENT MELALUI FIRM PERFORMANCE

  2024cites this paper
• Corporate Social Responsibility and Firm Performance: A Literature Review

  2024cites this paper
• The effect of academic top executives on corporate social responsibility: potential motivation and its outcomes

  2024cites this paper
• Do corporate social responsibility activities enhance firm value? An empirical evidence from Taiwan

  2024cites this paper
• Ties that bind: exploring corporate networks, decision-making dynamics in the financial market, labor-management relations, and organizational performance

  2024influential citation
• Corporate social responsibility marketing; a way to firm performance; an empirical study: case of Egypt

  2024cites this paper
• Financial innovation and digitalization promote business growth: The interplay of green technology innovation, product market competition and firm performance

  2024cites this paper
• Corporate social responsibility, carbon footprints and stock market valuation

  2024cites this paper
• CORPORATE SOCIAL RESPONSIBILITY, CORPORATE PERFORMANCE, AND MODERATING EFFECT OF OWNERSHIP CONCENTRATION IN INDONESIAN COMPANIES

  2024cites this paper
• Green human resource management and corporate social responsibility as drivers of organizational performance: mediating effects of employee engagement and corporate reputation in Vietnam

  2024cites this paper
• The Rise of the Chaebol: A Bibliometric Analysis of Business Groups in South Korea

  2023cites this paper
• Corporate social responsibility, industry concentration, and firm performance: Evidence from emerging Asian economies

  2023cites this paper
• Digital capability and creative capability to boost firm performance and formulate differentiated CSR-based strategy

  2023cites this paper
• CEO social network, capital structure complexity and firm performance

  2023cites this paper
• Nomination committee characteristics and exposure to environmental, social and governance (ESG) controversies: evidence from European global systemically important banks

  2023cites this paper
• The role of technology innovation, customer retention and business continuity on firm performance after post-pandemic era in China’s SMEs

  2023cites this paper
• Founding-Family Firms and CSR Performance in the Emerging Economy of India: A Socio-Emotional Wealth Perspective

  2023cites this paper
• Does the Shield Effect of CSR Work in Crises? Evidence in Korea

  2023cites this paper
• ENTREPRENEURIAL FOUNDER'S SOCIAL TIES, INSTITUTIONS, AND FIRM'S PRODUCTIVITY: EVIDENCES FROM CHINA'S NEWLY LISTED FIRMS

  2023cites this paper
• Role of corporate social responsibility on firm performance in emerging economy: The mediating role of access to finance and business model innovation

  2023cites this paper
• The effect of prosocial orientation on CSR scope: the moderating role of the CSR department

  2023cites this paper
• Business ties, adaptive capability and technological turbulence: implications for SMEs’ performance in Turkey

  2023cites this paper
• Audit committee nominee directors and bank performance: Evidence from Indian banks

  2023cites this paper
• Does Board Social Network Affect Bank Performance — Evidence From Listed Banks in Vietnam

  2023influential citation
• The Impact of CSR on the Financial Performance of Firms in Different Industries: An Example from the Financial Industry and the Healthcare Industry

  2023cites this paper
• STAKEHOLDER RESPONSE TO INFORMATION ON SOCIAL RESPONSIBILITY AND INCOME SMOOTHING

  2023cites this paper
• The role of green supply chain management and green innovation in the effect of corporate social responsibility on firm performance

  2022cites this paper
• Study of Pertashop & BBM Satu Harga in Parigi Baru Village on Pertamina’s Reputation Measured by Customer-Based Brand Equity

  2022cites this paper
• Role of Family Ownership in the Relationship between Corporate Social Responsibility and Firm Performance

  2022cites this paper
• Corporate social responsibility and firm performance of sharia bank: testing the moderating effects of earning management

  2022cites this paper
• Tax Avoidance Culture and Employees' Behavior Affect Sustainable Business Performance: The Moderating Role of Corporate Social Responsibility

  2022cites this paper
• The effect of social ties between the CEO and board of directors and fiscal council's members on earnings management

  2022cites this paper
• Environmental, social and governance performance (ESG) and firm investment efficiency in emerging markets: the interaction effect of board cultural diversity

  2022cites this paper
• Disentangling the impact of ICT adoption on SMEs performance: the mediating roles of corpo-rate social responsibility and innovation

  2022cites this paper
• Corporate social responsibility and financial accounting concepts: evidence from an emerging market

  2022cites this paper
• The contribution of corporate social responsibility on SMEs performance in emerging country

  2021cites this paper
• The impact of web marketing on corporate social responsibility (CSR) and firms' performance

  2021cites this paper
• How does organizational leadership contribute to the firm performance through social responsibility strategies?

  2021cites this paper
• Board’s financial expertise and corporate social responsibility disclosure in China

  2021cites this paper
• The effect of ESG on value creation from mergers and acquisitions. What changed during the COVID-19 pandemic?

  2021cites this paper
• The Impact of Managerial competencies on Financial performance of SME’s with mediating role of Competitive Advantage

  2021cites this paper
• The Effect of Ownership Structure on Financial Performance Leverage Mediation and Corporate Social Responsibility (Study on Goods and Consumption Industry Sector Companies Listed on the Indonesia Stock Exchange)

  2021cites this paper
• Money cannot buy happiness: improving governance in the banking sector through spirituality

  2021cites this paper
• Corporate social responsibility and financial performance: bidirectional relationship and mediating effect of customer loyalty: investigation in Sweden

  2021cites this paper
• Do investors’ reactions to CSR-related news communication differ by shareholder? An empirical analysis from Japan

  2020cites this paper
• Efeito das conexões sociais entre os CEOs e os membros dos conselhos de administração e fiscal sobre o gerenciamento de resultados

  2020cites this paper
• Board of directors network centrality and environmental, social and governance (ESG) performance

  2020cites this paper
• Do analysts’ recommendations reflect co-opted boards?

  2020cites this paper
• The current situation of Social Corporate Responsibility in Mexico

  2020cites this paper
• High-Tech Service Platform Ecosystem Evolution: A Simulation Analysis using Lotka-Volterra Model

  2020cites this paper