The Experts below are selected from a list of 63306 Experts worldwide ranked by ideXlab platform
Joseph Sydlowski - One of the best experts on this subject based on the ideXlab platform.
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incentives for corporate social responsibility in india mandate Peer Pressure and crowding out effects
Journal of Environmental Economics and Management, 2021Co-Authors: Sangeeta Bansal, Madhu Khanna, Joseph SydlowskiAbstract:Abstract The Companies Act went into effect in India on April 1, 2014 making it the first law in the world to mandate that companies spend 2% of their profits on corporate social responsibility (CSR) initiatives. We use panel data for 39,736 firms with a difference-in-difference model to estimate the average treatment effect of the Act on firms ‘eligible’ for compliance and, in particular, to investigate the role of Peer Pressure in influencing a firm’s response to the Act in 2015 and 2016. We also apply the Regression Discontinuity Design method to estimate the average effect of treatment assignment for firms near the threshold of eligibility for compliance. We find that while the Act failed to achieve its 2% goal, it did lead to a statistically significant increase in the likelihood of reporting of CSR expenditures and to eligible firms spending an average of 1% of their profits on CSR. We also find that the otherwise positive and statistically significant effect of Peer Pressure in motivating CSR diminishes after the Act established a new norm for CSR expenditures. This implies a crowding out of intrinsic motivations for CSR by extrinsic effects due to the regulation.
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incentives for corporate social responsibility in india mandate Peer Pressure and crowding out effects
Social Science Research Network, 2019Co-Authors: Sangeeta Bansal, Madhu Khanna, Joseph SydlowskiAbstract:The Companies Act went into effect in India on April 1, 2014 making it the first law in the world to mandate that companies spend 2% of their profits on corporate social responsibility (CSR) initiatives. We use panel data for 39,736 firms with a difference-in-difference model to estimate the average treatment effect of the Act on firms ‘eligible’ for compliance and, in particular, to investigate the role of Peer Pressure in influencing a firm’s response to the Act in 2015 and 2016. We also apply the Regression Discontinuity Design method to estimate the average effect of treatment assignment for firms near the threshold of eligibility for compliance. We find that while the Act failed to achieve its 2% goal, it did lead to a statistically significant increase in the likelihood of reporting of CSR expenditures and to eligible firms spending an average of 1% of their profits on CSR. We also find that the otherwise positive and statistically significant effect of Peer Pressure in motivating CSR diminishes after controlling for the requirement of CSR expenditures proportional to profits by the Act. This implies a crowding out of intrinsic motivations for CSR by extrinsic effects due to the regulation.
Chi Wan - One of the best experts on this subject based on the ideXlab platform.
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technological Peer Pressure and product disclosure
The Accounting Review, 2018Co-Authors: Sean Cao, Jennifer Wu Tucker, Chi WanAbstract:ABSTRACT We introduce a firm-specific measure of the technological aspect of competition—technological Peer Pressure—and examine firm-initiated product development-related press releases. We argue ...
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technological Peer Pressure and product disclosure
Social Science Research Network, 2016Co-Authors: Sean Cao, Jennifer Wu Tucker, Chi WanAbstract:Competition is multifaceted, and corporate disclosure can be of various types. The alignment between the aspect of competition and the type of disclosure determines the proprietary costs of disclosure. Such an alignment has been overlooked in many prior empirical studies when examining managerial disclosure decisions. In this study we examine the association of technological Peer Pressure — the technological aspect of competition — with voluntary disclosure of product-development-related information. Given a strong alignment between the technological aspect of competition and product disclosure, we predict and find a negative association between technological Peer Pressure and product disclosure. In contrast, we find no association between technological Peer Pressure and management earnings forecasts — the most popularly used type of voluntary disclosure — because of a weak alignment between the technological aspect of competition and earnings projections. Our study advances the understanding of managerial disclosure decisions by highlighting the importance of aligning the type of disclosure with a given aspect of competition.
Helga Dittmar - One of the best experts on this subject based on the ideXlab platform.
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individual differences in children s materialism the role of Peer relations
Personality and Social Psychology Bulletin, 2008Co-Authors: Robin Banerjee, Helga DittmarAbstract:Associations between materialism and Peer relations are likely to exist in elementary school children but have not been studied previously. The first two studies introduce a new Perceived Peer Group Pressures (PPGP) Scale suitable for this age group, demonstrating that perceived Pressure regarding Peer culture (norms for behavioral, attitudinal, and material characteristics) can be reliably measured and that it is connected to children's responses to hypothetical Peer Pressure vignettes. Studies 3 and 4 evaluate the main theoretical model of associations between Peer relations and materialism. Study 3 supports the hypothesis that Peer rejection is related to higher perceived Peer culture Pressure, which in turn is associated with greater materialism. Study 4 confirms that the endorsement of social motives for materialism mediates the relationship between perceived Peer Pressure and materialism.
Mahfuja Malik - One of the best experts on this subject based on the ideXlab platform.
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Peer Pressure csr spending and long term financial performance
Asia-pacific Journal of Accounting & Economics, 2019Co-Authors: Mahfuja Malik, Al Mamun, Abu S AminAbstract:ABSTRACTWe investigate the role of Peer Pressure on banks’ Corporate Social Responsibility (CSR) activities and the long-term impacts of their CSR spending on financial performance. We find that a ...
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Peer Pressure csr spending and long term financial performance
Social Science Research Network, 2019Co-Authors: Mahfuja Malik, Al Mamun, Abu S AminAbstract:This study investigates the role of Peer Pressure on banks’ Corporate Social Responsibility (CSR) activities and the long-term impacts of their CSR spending on financial performance. We find that a bank’s CSR expenditure increases with that of its Peer-banks. However, there is no association between a bank’s CSR expenditure and that of banks of its non-Peer group. Additional analysis suggests that a bank’s CSR spending increases not only the current profitability but also its future profitability. This study establishes the evidence of the Peer Pressure on CSR spending, and the value of CSR in terms of short- and long-term benefits.
Mark E. Feinberg - One of the best experts on this subject based on the ideXlab platform.
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Differential Susceptibility: The Genetic Moderation of Peer Pressure on Alcohol Use
Journal of Youth and Adolescence, 2015Co-Authors: H. Harrington Cleveland, Amanda M. Griffin, Gabriel L. Schlomer, David J. Vandenbergh, Mark E. FeinbergAbstract:Although Peer Pressure can influence adolescents’ alcohol use, individual susceptibility to these Pressures varies across individuals. The dopamine receptor D4 gene ( DRD4 ) is a potential candidate gene that may influence adolescents’ susceptibility to their Peer environment due to the role dopamine plays in reward sensation during social interaction. We hypothesized that DRD4 genotype status would moderate the impact of 7th-grade antisocial Peer Pressure on 12th-grade lifetime alcohol use ( n = 414; 58.7 % female; 92.8 % White). The results revealed significant main effects for antisocial Peer Pressure, but no main effects for DRD4 genotype on lifetime alcohol use. Adolescent DRD4 genotype moderated the association between Peer Pressure and lifetime alcohol use. For individuals who carried at least one copy of the DRD4 7-repeat allele (7+), antisocial Peer Pressure was associated with increased lifetime alcohol use. These findings indicate that genetic sensitivity to Peer Pressure confers increased alcohol use in late adolescence.
