Using two national culture dimensions, we show a strong interaction effect between culture and firms' corporate social performance (CSP), which significantly influences firm performance. Specifically, firm performance is higher in those firms where CSR initiatives are congruent with the cultural...

Entwicklungen wie Klimaveränderungen machen in Organisationen des Sozial und Gesundheitssektors ein kurz-, mittel- und langfristig verändertes Verhalten notwendig. Zum einen sind es mehr und mehr sensible Mitarbeitende, die genauauf das Handeln achten, zum anderen gesetzliche, moralische oder...

Among the 41 items from five corporate social responsibility dimensions: community, diversity, employee relations, environment, and human rights, we examine which corporate social deeds influence institutional investors' motivated equity ownership most in the U.S. We find that enforcing...

We analyze how ownership concentration and type, and board independence are related to corporate social performance (CSP). Drawing from agency, team production and stakeholder perspectives, we argue that the distribution of costs and benefits to shareholders and other stakeholders is crucial to...

This paper explores an increasingly prevalent element of board-level commitment to sustainability. We propose a theoretical framework under which the existence and associated actions of board-level sustainability committees are motivated by shared value creation, where the interests of a diverse...

Sustainability in business and ESG (environmental, social, and governance) in finance has entered the mainstream and has generated thousands of research articles that analyze its correlation with financial performance. We surveyed 1,141 primary peer-reviewed papers and 27 meta-reviews (based on...