Breuer, Wolfgang; Hass, Manuel; Rosenbach, David Johannes - In: Review of Financial Economics 40 (2022) 1, pp. 20-43
Based on a large international sample, we show how the decision-making power of CEOs in conjunction with prevailing institutional discretion relates to corporate resources allocated toward CSR strategy. First, especially with greater institutional discretion, powerful CEOs pursue exaggerated CSR...
