TY - JOUR
T1 - Does empathy matter in corporate social responsibility? Evidence from emerging markets
AU - Chourou, Lamia
AU - Grira, Jocelyn
AU - Saadi, Samir
N1 - Funding Information:
We would like to thank the Guest Editors and two anonymous reviewers for their constructive comments and suggestions. Our paper has also benefited from feedback from participants at the 2019 Canadian Academic Accounting Association (CAAA) annual conference and the 2019 Global Finance Conference. The authors also thank Julia Thornley and Rui Duan for excellent research assistance. This work was supported by the SSHRC (grant number 430–2017-01148). All errors are our own responsibility.
Funding Information:
We would like to thank the Guest Editors and two anonymous reviewers for their constructive comments and suggestions. Our paper has also benefited from feedback from participants at the 2019 Canadian Academic Accounting Association (CAAA) annual conference and the 2019 Global Finance Conference. The authors also thank Julia Thornley and Rui Duan for excellent research assistance. This work was supported by the SSHRC (grant number 430–2017-01148 ). All errors are our own responsibility.
Publisher Copyright:
© 2020 Elsevier B.V.
PY - 2021/3
Y1 - 2021/3
N2 - This paper explores how cross-country differences in empathy can explain variations in corporate social responsibility (CSR). We show that empathy is positively associated with overall CSR, as well as with its social and environmental components. Our results are robust to using the two components of empathy, empathic concern and perspective taking. Our findings are further corroborated by evidence from a quasi-natural experiment based on the 2004 Indian Ocean earthquake. We find that during the year of the disaster and the following year, firms located in countries with high levels of empathy donated more money than firms located in countries with less empathy.
AB - This paper explores how cross-country differences in empathy can explain variations in corporate social responsibility (CSR). We show that empathy is positively associated with overall CSR, as well as with its social and environmental components. Our results are robust to using the two components of empathy, empathic concern and perspective taking. Our findings are further corroborated by evidence from a quasi-natural experiment based on the 2004 Indian Ocean earthquake. We find that during the year of the disaster and the following year, firms located in countries with high levels of empathy donated more money than firms located in countries with less empathy.
KW - Corporate social responsibility
KW - Emerging markets
KW - Empathic concern
KW - Empathy
KW - Perspective taking
UR - http://www.scopus.com/inward/record.url?scp=85097773260&partnerID=8YFLogxK
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U2 - 10.1016/j.ememar.2020.100776
DO - 10.1016/j.ememar.2020.100776
M3 - Article
AN - SCOPUS:85097773260
SN - 1566-0141
VL - 46
JO - Emerging Markets Review
JF - Emerging Markets Review
M1 - 100776
ER -