Information Exposure and Corporate Citizenship

Arbeitspapier

We explore how information exposure, specifically information transmission within organizations, facilitates companies' roles as corporate citizens. We study whether US firms' business networks with China and Italy become their information advantage, and examine whether firms use relevant information to mitigate the negative shocks of COVID-19. We start by validating our measurement of information exposure. Next, we find that a higher number of work-from-home ("WFH") policies, as evidenced by a higher stay-at-home ratio, are implemented in areas with more information-exposure companies, even before local governments impose a lockdown. To further demonstrate corporate citizenship, we document firms' positive social impact-lower COVID-19 growth and an influence on other firms' WFH policies-and show suggestive evidence on firms' social motives.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: New Working Paper Series ; No. 312

Classification and Topics

• Classification: Wirtschaft ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness ; Network Formation and Analysis: Theory ; Corporate Culture; Diversity; Social Responsibility
• Subject: Information exposure ; information transmission ; business networks ; COVID ; corporate citizenship

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Liu, Lisa Yao ; Lu, Shirley
• Event: Veröffentlichung
• (who): University of Chicago Booth School of Business, Stigler Center for the Study of the Economy and the State
• (where): Chicago, IL
• (when): 2021

Further information

• Handle: http://hdl.handle.net/10419/262714
• Last update: 10.03.2025, 11:44 AM CET