TY - JOUR
T1 - Does empathy matter in corporate social responsibility? Evidence from emerging markets
AU - Chourou, Lamia
AU - Grira, Jocelyn
AU - Saadi, Samir
N1 - 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
U2 - 10.1016/j.ememar.2020.100776
DO - 10.1016/j.ememar.2020.100776
M3 - Journal Article
AN - SCOPUS:85097773260
SN - 1566-0141
VL - 46
JO - Emerging Markets Review
JF - Emerging Markets Review
M1 - 100776
ER -