Analysis of the Impact of Social Concern on Corporate Responsibility Based on Panel Model and Machine Learning Model

Lifeng Fang, Shenghua Wang, Juanjuan Cao, Wenjing Liang

2022

Abstract

This paper based on Panel Model and Machine Learning Model explores the impact of social concern on corporate ESG performance by using data of Chinese A-share listed companies and explores the heterogeneous impact of the relationship between social concern and corporate fulfillment of ESG responsibility under different nature of social concern, corporate external and internal environments. This paper find, firstly, the increase of social concern has a significant positive impact on corporate fulfillment of ESG responsibility, and the results are robust. Secondly, negative feedback from the society has a greater effect on the enhancement of corporate ESG performance compared to non-negative feedback from society on corporations. Thirdly, the incentive effect of social concern on firms' ESG responsibility relies not only on good government-market relations but also is related to the independence of corporate directors' decision making. The findings of the article have implications for relying on informal institutions to promote corporate ESG behavior.

Paper Citation

in Harvard Style

Fang L., Wang S., Cao J. and Liang W. (2022). Analysis of the Impact of Social Concern on Corporate Responsibility Based on Panel Model and Machine Learning Model. In Proceedings of the 4th International Conference on Economic Management and Model Engineering - Volume 1: ICEMME; ISBN 978-989-758-636-1, SciTePress, pages 417-423. DOI: 10.5220/0012034000003620

in Bibtex Style

@conference{icemme22,
author={Lifeng Fang and Shenghua Wang and Juanjuan Cao and Wenjing Liang},
title={Analysis of the Impact of Social Concern on Corporate Responsibility Based on Panel Model and Machine Learning Model},
booktitle={Proceedings of the 4th International Conference on Economic Management and Model Engineering - Volume 1: ICEMME},
year={2022},
pages={417-423},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012034000003620},
isbn={978-989-758-636-1},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 4th International Conference on Economic Management and Model Engineering - Volume 1: ICEMME
TI - Analysis of the Impact of Social Concern on Corporate Responsibility Based on Panel Model and Machine Learning Model
SN - 978-989-758-636-1
AU - Fang L.
AU - Wang S.
AU - Cao J.
AU - Liang W.
PY - 2022
SP - 417
EP - 423
DO - 10.5220/0012034000003620
PB - SciTePress