This paper examines the impact of corporate taxes on firms' corporate social responsibility (CSR), by exploiting the staggered changes in corporate taxes across U.S. states as a quasi-natural experiment. Firms enhance CSR performance significantly following tax cuts, but they do not reduce CSR...

The paper shows that US state-level employment nondiscrimination acts (ENDAs) protecting the equal treatment of LGBTs in the workplace have a spillover effect on firms’ non-diversity corporate social responsibility (CSR) performance. We find that product market competition plays an important...