Why do sports goods manufacturers choose different corporate social responsibility engagements?
This study examines the impact of financialization and product market competition on the corporate social responsibility (CSR) engagements in sports goods manufacturing industry. Utilizing a dataset of China's listed firms, we employ textual analysis to identify organizations within this sector...
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| Veröffentlicht in: | PloS one 2023-12, Vol.18 (12), p.e0295682-e0295682 |
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| creator | Guo, Yang Kang, Dongliang Huang, Chengyin Chen, Ying |
| description | This study examines the impact of financialization and product market competition on the corporate social responsibility (CSR) engagements in sports goods manufacturing industry. Utilizing a dataset of China's listed firms, we employ textual analysis to identify organizations within this sector and create a panel data model to analyze the determinants of CSR engagements. Our empirical findings reveal that financialization and product market competition positively influence shareholder-related CSR engagements. Additionally, product market competition enhances the effect of financialization on these engagements. Conversely, a negative correlation exists between product market competition and stakeholder-related CSR engagements. Moreover, firms not categorized as State-Owned Enterprises (SOEs) or within high-pollution industries show a positive response in CSR engagements to both financialization and product market competition. Our results also highlight that managerial compensation and financial constraints modify the impacts of financialization and product market competition on shareholder-related CSR engagements. Collectively, our findings shed light on the challenges that sports goods manufacturing firms face in aligning their primary goals with CSR commitments. |
| doi_str_mv | 10.1371/journal.pone.0295682 |
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Utilizing a dataset of China's listed firms, we employ textual analysis to identify organizations within this sector and create a panel data model to analyze the determinants of CSR engagements. Our empirical findings reveal that financialization and product market competition positively influence shareholder-related CSR engagements. Additionally, product market competition enhances the effect of financialization on these engagements. Conversely, a negative correlation exists between product market competition and stakeholder-related CSR engagements. Moreover, firms not categorized as State-Owned Enterprises (SOEs) or within high-pollution industries show a positive response in CSR engagements to both financialization and product market competition. Our results also highlight that managerial compensation and financial constraints modify the impacts of financialization and product market competition on shareholder-related CSR engagements. Collectively, our findings shed light on the challenges that sports goods manufacturing firms face in aligning their primary goals with CSR commitments.</description><identifier>ISSN: 1932-6203</identifier><identifier>EISSN: 1932-6203</identifier><identifier>DOI: 10.1371/journal.pone.0295682</identifier><identifier>PMID: 38128059</identifier><language>eng</language><publisher>United States: Public Library of Science</publisher><subject>Biology and Life Sciences ; Competition ; Corporate social responsibility ; Ecology and Environmental Sciences ; Economic aspects ; Economic growth ; Environmental protection ; Evaluation ; Government business enterprises ; International economic relations ; Management ; Manufacturing ; Manufacturing industry ; Marketing research ; Markets ; People and Places ; Social aspects ; Social responsibility ; Social Sciences ; Sporting goods industry ; Stock markets ; Sustainable development</subject><ispartof>PloS one, 2023-12, Vol.18 (12), p.e0295682-e0295682</ispartof><rights>Copyright: © 2023 Guo et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.</rights><rights>COPYRIGHT 2023 Public Library of Science</rights><rights>2023 Guo 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.</rights><rights>2023 Guo et al 2023 Guo et al</rights><rights>2023 Guo 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. 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one</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Guo, Yang</au><au>Kang, Dongliang</au><au>Huang, Chengyin</au><au>Chen, Ying</au><au>Basile, Vincenzo</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Why do sports goods manufacturers choose different corporate social responsibility engagements?</atitle><jtitle>PloS one</jtitle><addtitle>PLoS One</addtitle><date>2023-12-21</date><risdate>2023</risdate><volume>18</volume><issue>12</issue><spage>e0295682</spage><epage>e0295682</epage><pages>e0295682-e0295682</pages><issn>1932-6203</issn><eissn>1932-6203</eissn><abstract>This study examines the impact of financialization and product market competition on the corporate social responsibility (CSR) engagements in sports goods manufacturing industry. Utilizing a dataset of China's listed firms, we employ textual analysis to identify organizations within this sector and create a panel data model to analyze the determinants of CSR engagements. Our empirical findings reveal that financialization and product market competition positively influence shareholder-related CSR engagements. Additionally, product market competition enhances the effect of financialization on these engagements. Conversely, a negative correlation exists between product market competition and stakeholder-related CSR engagements. Moreover, firms not categorized as State-Owned Enterprises (SOEs) or within high-pollution industries show a positive response in CSR engagements to both financialization and product market competition. Our results also highlight that managerial compensation and financial constraints modify the impacts of financialization and product market competition on shareholder-related CSR engagements. Collectively, our findings shed light on the challenges that sports goods manufacturing firms face in aligning their primary goals with CSR commitments.</abstract><cop>United States</cop><pub>Public Library of Science</pub><pmid>38128059</pmid><doi>10.1371/journal.pone.0295682</doi><tpages>e0295682</tpages><orcidid>https://orcid.org/0009-0003-5777-3258</orcidid><oa>free_for_read</oa></addata></record> |
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| subjects | Biology and Life Sciences Competition Corporate social responsibility Ecology and Environmental Sciences Economic aspects Economic growth Environmental protection Evaluation Government business enterprises International economic relations Management Manufacturing Manufacturing industry Marketing research Markets People and Places Social aspects Social responsibility Social Sciences Sporting goods industry Stock markets Sustainable development |
| title | Why do sports goods manufacturers choose different corporate social responsibility engagements? |
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