•  21
    Business Groups and Corporate Social Responsibility
    with Jongmoo Jay Choi, Hoje Jo, and Jimi Kim
    Journal of Business Ethics 153 (4): 931-954. 2018.
    There is a growing literature on corporate social responsibility, but few have focused on the implications of business groups for CSR. We examine the antecedents and outcomes of CSR behaviors of group firms in Korea. We find that group affiliation is associated with higher CSR overall and for its major societal and environmental components. However, the ownership disparity between cash flow and control by controlling inside shareholders is associated with lower CSR, consistent with opportunistic…Read more