Purpose – The purpose of this study is to use an empirical model to investigate the effects of eight types of shareholders on corporate social responsibility (CSR) investments in terms of the monetary amount and ratio of each investment. Design/methodology/approach – Cross‐sectional data...

Purpose – This paper aims to investigate the following two research questions: Do corporate social responsibility (CSR) investments enhance a firm’s economic performance? Does the firm’s economic performance influence CSR investments? That is, the bidirectional relationship between CSR...