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Gartenberg, Claudine; Serafeim, George - 2019

Analyzing data from approximately 1.5 million employees across 1,108 established public and private US companies, we find that employee beliefs about their firm's purpose is weaker in public companies. This difference is most pronounced within the salaried middle and hourly ranks, rather than...

Persistent link: https://www.econbiz.de/10012109293

How Do Independent Directors View Corporate Social Responsibility (CSR) During a Stressful Time? Evidence From the Financial Crisis

Chintrakarn, Pandej - 2020

deviation reduces CSR investments by about 8.22%. Further analysis shows that managers raised CSR investments during the crisis …, consistent with the risk-mitigation view, where managers invest in CSR to reduce their risk exposure. However, managers appear to … of the CSR investments during the crisis is motivated by managers' own risk preference. Additional robustness checks …

Persistent link: https://www.econbiz.de/10012825484

Executive Compensation : Investor Preferences During Say-on-Pay Votes and the Role of Proxy Voting Advisors

Gomtsian, Suren - 2023

Shareholder say-on-pay votes allow institutional investors to influence the incentives of managers and, consequently …

Persistent link: https://www.econbiz.de/10014254709

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

Appointing Charity Directors in Response to ESG Incidents

Gertsberg, Marina; Jung, Hae Won (Henny); Zhang, Yuyang - 2023

This paper examines how companies respond to negative ESG incidents by appointing directors with experience in charitable organizations. We find that firms are more likely to make such appointments following ESG incidents, especially when these incidents attract substantial media attention or...

Persistent link: https://www.econbiz.de/10014349962

The Spirits of Corporate Social Responsibility : Senior Executive Perceptions of the Role of the Firm in Society in Germany, Hong Kong, Japan, South Korea, and the United States

Witt, Michael A. - 2017

We report our findings on cross-societal variations in values about CSR in senior executives from five economies. We find that executives in all five are concerned with the roles of their firms in society, with those in Japan most so and those in Hong Kong least so. However, executives in each...

Persistent link: https://www.econbiz.de/10012974557

Former Politicians as Corporate Directors : Good for Business?

Gray, Stephen - 2013

International studies suggest that directors with political connections provide significant benefits to shareholders. Yet, whether this is the case in the political and business environment in Australia is unknown. In this study, we examine the prevalence of former politicians as non-executive...

Persistent link: https://www.econbiz.de/10013081335

Do Directors Drive Corporate Sustainability?

Iliev, Peter; Roth, Lukas - 2021

We use the exposure of U.S. firms’ directors to the staggered introduction of sustainability disclosure reforms in foreign countries to study the role of the board of directors in shaping corporate sustainability. Using a difference-in-differences design, we document that the board has a...

Persistent link: https://www.econbiz.de/10013244476

Board composition and corporate social responsibility : Uncovering the effects of co-opted directors

El Saleh, Ali I.; Jurdi, Doureige J. - 2021

This study evaluates the effect of board composition on firm corporate social responsibility (CSR) score. We report new evidence which shows a significant and negative association between co-opted directors and the CSR score. This finding is robust to various approaches that account for...

Persistent link: https://www.econbiz.de/10013211585

Corporate Social Responsibility Engagement, Corporate Financial Performance and CEO Characteristics

Bian, Chao - 2017

The current study examines the effect of corporate social responsibility (CSR) engagement on corporate financial performance (CFP). Prior studies document a positive CSR-CFP association without considering the moderating effects of chief executive officer (CEO) characteristics such as...

Persistent link: https://www.econbiz.de/10012963656

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