TY - JOUR
T1 - Connecting the dots: A systematic review of corporate social responsibility, information asymmetry, and economic implications
AU - Wang, Yadong
AU - Albitar, Khaldoon
AU - Chbib, Imad
PY - 2024/9/1
Y1 - 2024/9/1
N2 - 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.
AB - 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.
KW - corporate performance
KW - corporate social responsibility
KW - information asymmetry
KW - internal risk
UR - https://www.scopus.com/record/display.uri?eid=2-s2.0-85192689391&origin=resultslist&sort=plf-f&src=s&sot=b&sdt=b&s=TITLE-ABS-KEY%28Connecting+the+dots%3A+A+systematic+review+of+corporate+social+responsibility%2C+information+asymmetry%2C+and+economic+implications%29&relpos=0
U2 - 10.1002/csr.2843
DO - 10.1002/csr.2843
M3 - Article
SN - 1535-3966
VL - 31
SP - 5012
EP - 5031
JO - Corporate Social Responsibility and Environmental Management
JF - Corporate Social Responsibility and Environmental Management
IS - 5
ER -