Can altruistic Corporate Social Responsibility(CSR)influence organizational resilience?Specifically,by treating COVID-19 as an exogenous event and using COX proportional hazards models for regression analysis,the results show that higher performance levels in altruistic CSR are associated with a faster recovery of share prices to pre-crisis levels after the crisis,indicating stronger organizational resilience.When other conditions are held constant,both an altruistic social atmos-phere in the region where the firm is located and executive overcompensation weaken the positive impact of altruistic CSR on organizational resilience.
关键词
利他型企业社会责任/组织韧性/间接互惠/股价恢复
Key words
altruistic corporate social responsibility/organizational resilience/indirect reciprocity/share price of recovery
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