Renneboog, Luc; Liang, H.; Ferrell, A. - Tilburg University, Tilburg Law and Economic Center - 2014
maximize shareholder value. The agency view of corporate social responsibility (CSR) generally considers CSR as a managerial … agency problem and a waste of corporate resources, since corporate insiders do good with other people’s money. We evaluate … this agency view using large-scale datasets with global coverage (59 countries) on firm-level corporate engagement and …