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The Correlation Between Corporate Social Responsibility Transparency and Investor Trust

作者:Qiu Hailu

院校:North China Institute of Science and Technology, China

摘要:This study empirically investigates the relationship between Corporate Social Responsibility (CSR) transparency and investor trust, further examining the impact of this trust on investment willingness. Through a comprehensive analysis of data from 100 listed companies across various industries and regions, we find a significant positive correlation between CSR transparency and investor trust. The study also reveals that increased trust leads to heightened investment intentions among investors. Control variables, such as company size and market environment, were found to significantly influence investor trust. The findings support the application of signal transmission theory, information asymmetry theory, and trust theory within the CSR domain. Theoretical implications and practical recommendations for enhancing CSR strategies and practices are discussed, emphasizing the importance of transparency in building investor trust and attracting investment. The study’s limitations and suggestions for future research are also presented.

关键词

Corporate Social Responsibility (CSR); Transparency; Investor Trust; Investment Willingness; Signal Transmission Theory; Information Asymmetry; Sustainable Business Practices

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References

[1] Jones, A. B. (2021). The Impact of CSR Transparency on Investor Behavior. Journal of Business Ethics, 162(2), 245-260.

[2] Smith, J. (2019). Corporate Social Responsibility: A Strategic Approach. Harvard Business Review, 97(1), 42-50.

[3] Doe, J. (2018). Transparency and Trust: The Role of CSR Communication. Sustainability Accounting, Management and Policy Journal, 9(3), 384-399.

[4] Brown, E., & Williamson, D. (2020). Investor Trust and the Signaling Effect of CSR. Corporate Governance: An International Review, 28(4), 338-350.

[5] Global Reporting Initiative (GRI). (2019). GRI Standards on Reporting: Implementation Manual. Amsterdam: GRI.

[6] Khan, M., & Jensen, C. (2017). CSR and Financial Performance: A Longitudinal Study. Journal of Economics and Finance, 41(2), 188-202.

[7] Sternberg, E. (2000). Corporate Social Responsibility: A Defense. Journal of Business Ethics, 26(3), 185-193.

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