Connecting the dots: A systematic review of corporate social responsibility, information asymmetry, and economic implications

Yadong Wang, Khaldoon Albitar*, Imad Chbib

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

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Abstract

This paper conducts a comprehensive review of the theoretical and empirical connections between Corporate Social Responsibility (CSR), Information Asymmetry (IA), and their economic consequences. It employs a bibliometric analysis on 73 Web of Science manuscripts using VOSviewer1.6.18 software, combining this analysis with a literature review. The results reveal four thematic areas categorized into three clusters: CSR and IA, the impact of CSR and IA on internal risk control and corporate performance, and the broader effects of CSR and IA. The systematic literature review finds a prevailing consensus that CSR can alleviate IA issues, leading to positive economic outcomes like increased stock liquidity, enhanced investment efficiency, and reduced cost of capital. This study's uniqueness lies in its integration of bibliometric analysis and systematic literature review to provide a holistic summary of both theoretical frameworks and the economic implications of the CSR-IA relationship. It offers valuable insights and recommendations for future research in this field.
Original languageEnglish
Pages (from-to)5012-5031
JournalCorporate Social Responsibility and Environmental Management
Volume31
Issue number5
Early online date12 May 2024
DOIs
Publication statusPublished - 1 Sept 2024

Keywords

  • corporate performance
  • corporate social responsibility
  • information asymmetry
  • internal risk

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