Drawing upon the notion that the legal environment provides the conceptual and practical space in which corporate actions are deemed to be responsible (or not), we examine the effect of regulatory uncertainty on Corporate Social Responsibility (CSR) engagements. Using a sample of US firms, we find that when the legal and regulatory environment is uncertain, firms decrease overall CSR activities, as well as activities related to environmental performance and social performance. We introduce and develop the importance of the legal framework in which CSR is activated and demonstrate how its non-static nature impacts how such CSR engagements are carried out.

中文翻译：

---

监管不确定性和企业社会责任

借鉴法律环境提供了企业行为被视为负责（或不负责）的概念和实践空间的概念，我们研究了监管不确定性对企业社会责任 (CSR) 参与的影响。使用美国公司样本，我们发现当法律和监管环境不确定时，公司会减少整体 CSR 活动，以及与环境绩效和社会绩效相关的活动。我们介绍并发展了激活企业社会责任的法律框架的重要性，并展示了其非静态性质如何影响此类企业社会责任活动的开展方式。