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The impact of economic policy uncertainty on corporate social responsibility: A new evidence from food industry in China

PloS one, 2022-06, Vol.17 (6), p.e0269165-e0269165 [Peer Reviewed Journal]

COPYRIGHT 2022 Public Library of Science ;2022 Su et al. This is an open access article distributed under the terms of the Creative Commons Attribution License: http://creativecommons.org/licenses/by/4.0/ (the “License”), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;2022 Su et al 2022 Su et al ;ISSN: 1932-6203 ;EISSN: 1932-6203 ;DOI: 10.1371/journal.pone.0269165 ;PMID: 35687589

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Title:
The impact of economic policy uncertainty on corporate social responsibility: A new evidence from food industry in China
Author: Su, Fang ; Song, Nini ; Shang, Haiyang ; Fahad, Shah
Valls Martínez, María del Carmen
Subjects: Analysis ; Civil society ; Corporate social responsibility ; Cost control ; Decision making ; Economic activity ; Economic aspects ; Economic policy ; Economics ; Ethical aspects ; Food ; Food industry ; Food safety ; Impact analysis ; Macroeconomics ; Monetary policy ; People and Places ; Physical Sciences ; Public policy ; Regression coefficients ; Research and Analysis Methods ; Safety and security measures ; Science ; Science Policy ; Social responsibility ; Social Sciences ; Sustainable development ; Uncertainty
Is Part Of: PloS one, 2022-06, Vol.17 (6), p.e0269165-e0269165
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.
Publisher: United States: Public Library of Science
Language: English
Identifier: ISSN: 1932-6203
EISSN: 1932-6203
DOI: 10.1371/journal.pone.0269165
PMID: 35687589
Source: Public Library of Science (PLoS) Journals Open Access
Geneva Foundation Free Medical Journals at publisher websites
PubMed Central
ProQuest Central
DOAJ Directory of Open Access Journals

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The impact of economic policy uncertainty on corporate social responsibility: A new evidence from food industry in China

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