Similar Search Results

Finance and Society: : On the Foundations of Corporate Social Responsibility (Revised version of CentER DP 2013-071)

Renneboog, Luc; Liang, H. - Tilburg University, Center for Economic Research - 2014

We investigate the fundamental determinants and value implications of corporate social responsibility (CSR) around the world. We contrast three broad views on CSR: (1) it is a response to government failure; (2) it reflects individual and societal preferences; (3) it is an equilibrium result of a...

Persistent link: https://www.econbiz.de/10011119925

The Foundations of Corporate Social Responsibility (replaced by CentER DP 2014-069)

Renneboog, Luc; Liang, H. - Tilburg University, Center for Economic Research - 2013

Abstract: We investigate the roles of legal origins and political institutions – believed to be the fundamental determinants of economic outcomes – in corporate social responsibility (CSR). We argue that CSR is an essential path to economic sustainability, and document strong correlations...

Persistent link: https://www.econbiz.de/10011115329

Motives of Socially Responsible Business Conduct

Graafland, Johan; Kaptein, M.; V, Mazereeuw; d Duijn … - Tilburg University, Center for Economic Research - 2010

The social and ecological challenges that governments face have raised their interest in socially responsible business conduct (SRBC). In this article we analyze the motives of executives to perform SRBC. We distinguish three types of motives: financial, ethical and altruistic motives. We test...

Persistent link: https://www.econbiz.de/10011090824

Socially Responsible Firms

Renneboog, Luc; Liang, H.; Ferrell, A. - Tilburg University, Center for Economic Research - 2014

In the corporate finance tradition starting with Berle & Means (1923), corporations should generally be run so as to 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,...

Persistent link: https://www.econbiz.de/10011092285

Performance-vested Stock Options and Pay-Performance Sensitivity

Kuang, Y.; Qin, B. - Tilburg University, Center for Economic Research - 2006

PPS levels, implying that too difficult targets negatively affect managers' choice of effort, that relatively lower effort … is to be expected, and that the interests of managers will diverge from the interests of shareholders. …

Persistent link: https://www.econbiz.de/10011090438

The Managerial Labor Market and the Governance Role of Shareholder Control Structures in the UK

Renneboog, Luc; Trojanowski, G. - Tilburg University, Center for Economic Research - 2002

mitigating agency problems between managers and shareholders.We find that both the CEO's industry-adjusted monetary compensation …

Persistent link: https://www.econbiz.de/10011092291

Socially Responsible Investments : Methodology, Risk and Performance

Renneboog, Luc; ter Horst, Jenke; Zhang, C. - Tilburg University, Center for Economic Research - 2007

This paper surveys the literature on socially responsible investments (SRI). Over the past decade, SRI has experienced an explosive growth around the world. Particular to the SRI funds is that both financial goals and social objectives are pursued. While corporate social responsibility (CSR) -...

Persistent link: https://www.econbiz.de/10011091820

Speaking of Corporate Social Responsibility

Renneboog, Luc; Liang, H.; Marquis, C.; Li Sun, Sunny - Tilburg University, Center for Economic Research - 2014

We argue that the language spoken by corporate decision makers influences their firms’ social responsibility and sustainability practices. Linguists suggest that obligatory future-time-reference (FTR) in a language reduces the psychological importance of the future. Prior research has shown...

Persistent link: https://www.econbiz.de/10011091980

Do UK Institutional Shareholders Monitor their Investee Firms?

Renneboog, Luc; Goergen, M.; Zhang, C. - Tilburg University, Center for Economic Research - 2008

firm’s future value to other outside shareholders and reduce the informational asymmetry between the managers and the …

Persistent link: https://www.econbiz.de/10011090281

Managers, Firms and (Secret) Social Networks : The Economics of Freemasonry

Braggion, Fabio - Tilburg University, Center for Economic Research - 2008

This paper studies the relationships between managers’ a¢ liations with Freema- sonry and companies' performance. Using … managers were associated with greater access to credit in small and young companies whose se- curities where traded over the … obtaining debt finance, in larger publicly quoted companies they are associated with worse agency conflicts between managers and …

Persistent link: https://www.econbiz.de/10011091985