| Abstract | In order to explore whether there is mutual influence on social responsibility among enterprises in the region, this study establishes a spatial econometric model based on the Shanghai and Shenzhen A-share listed companies from 2014 to 2017, which studies the peer effect of CSR from the geographic perspective. After controlling the factors that affect the CSR at the annual and individual, it is found that the CSR of individual will be positively affected by other neighboring companies, confirming that the peer effects exist in corporate social responsibility from the geographic perspective, and this effect transcends the administrative boundaries and weakens as the distance increases. At the same time, the regional peer effect of social responsibility is stronger among companies in peer-to-peer and socially sensitive industries. Further research shows that the similarity of corporate managers' characteristics will positively promote mutual learning of social responsibility decision-making. In addition, performance leaders and social responsibility leaders have a "standard" effect on social responsibility, but most social responsibility leaders do not play the role of a real "leader". The conclusions of this paper are helpful to understand the mutual influence of CSR among enterprises, and provide policy recommendations for improving the level of CSR in China. |