This paper examines the relation between corporate social responsibility (CSR) news releases and local bias. I identify 44 keywords that are used in CSR related research and examine the effects when these words appear in media. Analyses show that CSR news releases reduce firm level local bias,...

This paper investigates the role of stakeholder preference on corporate social responsibility (CSR). We find that Indian firms increase CSR expenses when trade restrictions (Antidumping) are initiated against competing Chinese exports from countries with a high stakeholder preference for CSR....