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Article

Stay Vigilant in Peace Time? Antitakeover Provisions and Corporate Social Responsibility

1
School of Economics and Management, University of Science and Technology Beijing, Beijing 100083, China
2
School of Economics and Management, North China University of Technology, Beijing 100144, China
3
School of Economics and Management, Inner Mongolia University, Hohhot 010021, China
*
Author to whom correspondence should be addressed.
Sustainability 2024, 16(13), 5381; https://0-doi-org.brum.beds.ac.uk/10.3390/su16135381
Submission received: 7 May 2024 / Revised: 20 June 2024 / Accepted: 21 June 2024 / Published: 25 June 2024
(This article belongs to the Special Issue Sustainability, Accounting, and Business Strategies)

Abstract

We examine how antitakeover provisions (ATPs) impact corporate social responsibility (CSR) disclosure for Chinese listed firms. The empirical results show that the level of CSR disclosure is positively related to the level of ATPs, and this relationship is primarily observed in State-Owned Enterprises (SOEs). Further evidence indicates that this association is most prevalent in observations with lower efficiency or higher legitimacy pressures. Our paper provides new evidence on the mixed motivations for CSR disclosure in Chinese firms and offers insights into the moderating effects of ATPs in the context of weak corporate governance.
Keywords: antitakeover provision; CSR; social-political pressure; corporate governance antitakeover provision; CSR; social-political pressure; corporate governance

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MDPI and ACS Style

Hu, Z.; Huang, X.; Song, Y.; Jin, W. Stay Vigilant in Peace Time? Antitakeover Provisions and Corporate Social Responsibility. Sustainability 2024, 16, 5381. https://0-doi-org.brum.beds.ac.uk/10.3390/su16135381

AMA Style

Hu Z, Huang X, Song Y, Jin W. Stay Vigilant in Peace Time? Antitakeover Provisions and Corporate Social Responsibility. Sustainability. 2024; 16(13):5381. https://0-doi-org.brum.beds.ac.uk/10.3390/su16135381

Chicago/Turabian Style

Hu, Zhiying, Xiaobei Huang, Yunling Song, and Wenhui Jin. 2024. "Stay Vigilant in Peace Time? Antitakeover Provisions and Corporate Social Responsibility" Sustainability 16, no. 13: 5381. https://0-doi-org.brum.beds.ac.uk/10.3390/su16135381

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