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Managerial Contracting and Corporate Social Responsibility

Baron, David P. - 2009

which managers instead of markets allocate resources, including social expenditures. The theory focuses jointly on the … encompass social performance. First, consumers may reward the firm for its social expenditures; second, managers may have … management compensation in increasing in corporate social expenditures. In the theory firms with higher ability managers have …

Persistent link: https://www.econbiz.de/10014026695

Religiosity and Corporate Social Responsibility

Dimic, Nebojsa; Fatmy, Veda; Vähämaa, Sami - 2022

This paper examines the hypothesis that religious firms are more socially responsible. By utilizing a novel measure of religiosity that reflects firm-level adherence to Christian values, we find that religiousness is positively associated with the CSR engagement of large U.S. firms after...

Persistent link: https://www.econbiz.de/10013405064

The double-edged sword of CEO activism

Larcker, David F.; Miles, Stephen A.; Tayan, Brian; … - 2018

CEO activism — the practice of CEOs taking public positions on environmental, social, and political issues not directly related to their business — has become a hotly debated topic in corporate governance. To better understand the implications of CEO activism, we examine its prevalence, the...

Persistent link: https://www.econbiz.de/10012001263

Shareholders and stakeholders around the world: the role of values, culture, and law in directors' decisions

Licht, Amir N.; Adams, Renée - 2020 - This version: 5 November 2020

We present evidence on the way personal and institutional factors could together guide public company directors in decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors originating from over fifty countries and serving in firms from...

Persistent link: https://www.econbiz.de/10012668240

The Dark Side of Corporate Social Responsibility : The Case of Director Information Acquisition

Liu, Chunbo - 2020

Using the staggered enactment of state-level constituency statutes as an exogenous shock to corporate social responsibility, we find that directors' information acquisition intensity, measured by the return for their trading of company shares, decreases by 4% after the enactment. Our results are...

Persistent link: https://www.econbiz.de/10012843546

Ethical Imperatives of CEOS : Creating the Virtuous Corporation

Friedman, Hershey H. - 2013

Companies that are going to thrive must have a soul. Those that are only concerned with “maximizing shareholder wealth” or “maximizing profit” will find themselves going the way Enron went. CEOs will have to lead the revolution and should be the ones exhorting executives to make...

Persistent link: https://www.econbiz.de/10013074705

Corporate Social Responsibility Beyond the Corporate : A Mental Accounting Perspective on Executive Decision-Making Across Corporate and Non-Profit Domains

Lungeanu, Razvan; Weber, Klaus - 2021

Business elites influence the allocation of resources to a range of causes related to the social good, such as to corporate community or environmental programs. We extend research on executive influence on corporate attention to alternative causes by showing how CEOs’ engagement in two...

Persistent link: https://www.econbiz.de/10013245439

Climate Change Denial and Corporate Environmental Responsibility

Afzali, Mansoor; Colak, Gonul; Vähämaa, Sami - 2023

This paper examines whether corporate environmental responsibility is influenced by regional differences in climate change denial. While there is an overwhelming consensus among scientists that climate change is happening, recent surveys still indicate widespread climate change denial across...

Persistent link: https://www.econbiz.de/10014350883

The FTSE4Good Effect : The Impact of Responsible Investment Indices on Environmental Management

Mackenzie, Craig - 2015

This paper provides results consistent with the proposition that engagement by and threat of deletion from a responsible investment index motivated persistent improvements to corporate environmental management practices, especially for firms where the threat of exclusion from the index was...

Persistent link: https://www.econbiz.de/10013037457

Board Reputation Attributes and Corporate Social Performance : An Empirical Investigation of the US Best Corporate Citizens

Mallin, Chris; Michelon, Giovanna - 2010

The aim of the paper is to investigate the relationship between board reputation and corporate social performance. Specifically, we claim that corporate social performance may be a function of board attributes and we investigate the association between board reputation – in terms of board...

Persistent link: https://www.econbiz.de/10014189497

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