Wei Shi

This study uses insights from the political perspective on corporate governance to investigate the influence of geographic concentration of institutional blockholders on workplace safety violations. When institutional investors who have a blockholding stake (i.e., institutional blockholders) are geographically concentrated, corporate managers are more likely to pursue efficiency at the expense of employee interests because these blockholders may find it easier to coordinate their actions, strengthening their power over corporate managers and ultimately giving rise to more workplace safety violations. We also contend that the influence of institutional blockholders’ geographic concentration on workplace safety violations hinges upon the ownership of employees, socially responsible investment funds, and the CEO. Findings from a longitudinal sample of 1316 U.S. firms support our arguments. This study contributes to a nascent stream of research examining the influence of capital market participants on workplace safety by highlighting the role of institutional blockholders’ geographic concentration as a new channel through which investors can shape employee outcomes.

The early Yuan Dynasty, Chen Yi poetry flow Yan case, is the time poetry a rather may be noteworthy phenomenon, which is the early Yuan Dynasty, Jiangxi poetry change is an important expression and an important aspect, Liu Chen Weng, in which played an important explain the role of push. The reason is: the one hand, Chen Yi, "Kiyotoshi" of poetry is easy to accept for the rivers and lakes poet; the other hand, it is easy to cast the world of the likes. This phenomenon can be seen as the party Song Tang and creative elements of creative features a draw; history from a longer study periods, rather, is also sent to the Song "were too old Don" atmosphere of a transition important part. It is worthy to notice that Chen Yuyi's poems were disseminated widely in Jiangxi which was one of the branches of the change of the poem style in Jiangxi during early Yuan period, and Liu Chenweng took the key role in the process. There were two reasons for this change: Firstly, it was easier for the itinerant poets to follow the "good-looking" style of Chen Yuyi's poems; Secondly, it was easy to cater to the people's likes, which could be regarded as the poets in Song dynasty to succeed some factors of Tang poems, and one stage for the Song poets to learn form the ancient style by following the Tang style

We attempt to provide a novel antecedent of corporate social responsibility (CSR) by focusing on the role of CSR awards. Specifically, we investigate how competitors’ winning CSR awards incentivize non-winning firms’ CSR as a competitive catch-up. Using a difference-in-differences research design, we find that non-winners improve their CSR after their competitors have won CSR awards. Furthermore, based on the awareness-motivation-capability (AMC) framework from the competitive dynamics literature, we find that the media visibility of award winners, the performance gap of non-winners with award winners, and the prior CSR of non-winners strengthen the CSR competitive catch-up behaviors. Findings from this study contribute to the CSR research by highlighting the spillover effect of CSR awards as a meaningful event in incentivizing non-winning firms’ CSR and extending the AMC framework to explain the contingency factors of competitive catch-up in the context of CSR research.

Using two national culture dimensions, we show that the influence of firms’ corporate social performance on corporate financial performance hinges on culture. Specifically, CFP is higher in those firms where CSR initiatives are congruent with the cultural environment. CSP has a negative impact on CFP for those firms domiciled in countries which are individualistic and favor flexibility. These findings are amplified for those firms with low levels of foreign influence in terms of institutional ownership and sales. Using a dataset covering 5334 firms from 41 different countries, our results indicate that culture and CSR initiatives have a powerful interaction effect in determining CFP, suggesting that CSP’s impact is dependent upon the culture of the country where the firm resides.