Politically connected managers, government ownership and corporate socially responsible investments: evidence from China

ABSTRACT

We investigated the effects of politically connected managers on the corporate socially responsible investments of firms with different types of ownership. The results show that SOEs with politically connected managers are more likely to invest in corporate socially responsible investments compared to SOEs without such managers. However, private firms with politically connected managers are less likely to invest in corporate socially responsible investments than private firms without such managers.

KEYWORDS:

• Politically connected managers
• government ownership
• corporate socially
• responsible investments

JEL CLASSIFICATION:

• G32
• G31

Disclosure statement

No potential conflict of interest was reported by the author.

Additional information

Funding

This work was supported by Science Foundation of Ministry of Education of China [Grant No.16YJC790081], Research Foundation of Education Bureau of Hunan Province Province [Grant No. 17K024], the Key Program of the National Natural Science Foundation of China [Grant No. 71431008], National Natural Science Foundation of China [Grant No. 71572054], and the Research Institute for Risk-oriented Auditing Research Center in Hunan Province.