E3S Web Conf.
Volume 251, 20212021 International Conference on Tourism, Economy and Environmental Sustainability (TEES 2021)
|Number of page(s)
|Research on Earth Climate and Land and Ocean Resources
|15 April 2021
Institutional Investor Shareholdings and Corporate Social Responsibility – Evidence from Tourism Related Industries in China
1 Beijing Jiaotong University, School of Economics and Management, 100044 Beijing, P.R. China
2 Wuhan Textile University, School of Accounting, 430073, P.R. China
* Corresponding author: email@example.com
Using data from Chinese A-share listed companies in tourism related industries from 2009 to 2018, this paper examines the influence of institutional investor shareholdings on corporate social responsibility (CSR) performance. Results show that: First, institutional investor shareholdings can significantly improve CSR performance of tourism related public companies in China. After implementing robustness test, this positive relationship remains solid. Second, the positive effect of institutional investor shareholdings is significantly unbalanced regarding different CSR dimensions, with the most salient influence in promoting companies’ social welfare contributions. And third, the impact of institutional investor shareholdings can be strengthened when listed companies are ultimately controlled by the state.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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