Can Managerial Ability Enhance Corporate Social Responsibility? An Empirical Evidence Based on Linear Regression Analysis

Our study expands the literature of corporate social responsibility (CSR) in transition economies by investigating the influence of managerial ability (MA) on CSR and the moderating effects of state ownership using multivariable linear regression analysis. Using a sample of 4706 firm-year observations from China during 2007-2015, we find MA is positively associated with CSR, indicating that MA plays an important role in strengthening CSR engagement. Furthermore, we construct a moderating variable to examine the role of state ownership. We find that state ownership enriches the positive relationship between MA and CSR, indicating the supplementary effects between MA and state ownership on CSR-enhancing. Finally, we estimate a two-stage least squares (2SLS) regression to reduce possible reverse causality.