{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,5,27]],"date-time":"2026-05-27T16:55:42Z","timestamp":1779900942697,"version":"3.53.1"},"reference-count":95,"publisher":"Emerald","issue":"4","license":[{"start":{"date-parts":[[2025,2,6]],"date-time":"2025-02-06T00:00:00Z","timestamp":1738800000000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["IMDS"],"published-print":{"date-parts":[[2025,3,17]]},"abstract":"<jats:sec><jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title><jats:p>Drawing on the stakeholder theory, this study aims to empirically analyse the impact of platform enterprises\u2019 corporate social responsibility (CSR) announcements on corporate stock market value. This study also estimates the moderating effect of stakeholder orientation and responsibility categories of CSR announcements, the platform enterprise type and the degree of CSR disclosure.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title><jats:p>The event study method is used to analyse the change in stock market value of 191 CSR announcements from 137 Chinese platform enterprises. In addition, a case analysis is presented for two platform enterprises with the best practices to validate and complement study findings.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Findings<\/jats:title><jats:p>CSR announcements improve platform enterprises\u2019 stock market value. Specifically, CSR announcements responding to platform enterprises\u2019 external stakeholders, and CSR announcements with economic responsibility, have obvious positive impacts on stock market value. Furthermore, the maker platform\u2019s CSR announcement has a more positive impact on stock market value than the exchange platform.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title><jats:p>To the best of the authors\u2019 knowledge, this study is the first attempt to identify the link between platform enterprises\u2019 CSR announcements and stock market performance by empirical evidence, and it contributes to new knowledge of operating and evaluating platform enterprises\u2019 CSR.<\/jats:p><\/jats:sec>","DOI":"10.1108\/imds-06-2024-0552","type":"journal-article","created":{"date-parts":[[2025,2,5]],"date-time":"2025-02-05T07:29:09Z","timestamp":1738740549000},"page":"1326-1359","source":"Crossref","is-referenced-by-count":1,"title":["Platform enterprises\u2019 corporate social responsibility announcements and stock market value: evidence from China"],"prefix":"10.1108","volume":"125","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-8698-528X","authenticated-orcid":false,"given":"Weihua","family":"Liu","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-8502-863X","authenticated-orcid":false,"given":"Jiahe","family":"Hou","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Yujie","family":"Wang","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-3058-7431","authenticated-orcid":false,"given":"Ou","family":"Tang","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"140","published-online":{"date-parts":[[2025,2,6]]},"reference":[{"issue":"2","key":"key2025031505574150500_ref001","first-page":"65","article-title":"Accruals quality and corporate social responsibility: the role of industry","volume":"12","year":"2012","journal-title":"Journal of Accounting and Finance"},{"issue":"4","key":"key2025031505574150500_ref002","doi-asserted-by":"publisher","first-page":"464","DOI":"10.1002\/joom.1074","article-title":"When do appointments of corporate sustainability executives affect shareholder value?","volume":"66","year":"2020","journal-title":"Journal of Operations Management"},{"key":"key2025031505574150500_ref003","doi-asserted-by":"publisher","DOI":"10.1111\/poms.13813","article-title":"Industry 4.0 technologies: empirical impacts and decision framework","year":"2022","journal-title":"Production and Operations Management"},{"issue":"11","key":"key2025031505574150500_ref004","doi-asserted-by":"publisher","first-page":"1304","DOI":"10.1002\/smj.1980","article-title":"Does it pay to be really good? 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