Can corporate social responsibility mitigate the liability of newness? Evidence from China

This paper examines whether engagement in corporate social responsibility (CSR) activities mitigates the liability of newness (LoN) faced with new ventures and thus contributes to their financial performance. We theorize that investments in CSR are especially beneficial for young firms confronted with this liability. Undertaking CSR activities can serve as a balanced solution to both the internal and external contingencies associated with LoN...