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In this paper, we investigate the consequences of fraud for CEOs and whether these consequences depend on CEO power. We … find that CEO power can reduce the likelihood of director turnover as well as CEO turnover after fraud detection. Further …, we find that CEO power is negatively related to long-term stock performance after fraud detection and this negative …
Persistent link: https://www.econbiz.de/10013046275
We hypothesize that CSR serves as a control mechanism to reduce deviations from optimal risk taking, and therefore, CSR curbs excessive risk taking and reduces excessive risk avoidance. Based on the stakeholder theory, firms with CSR focus must balance the interests of multiple stakeholders, and...
Persistent link: https://www.econbiz.de/10012991762
We hypothesize that CSR serves as a control mechanism to curb excessive risk taking and to reduce excessive risk avoidance. Firms with CSR focus must balance the interests of multiple stakeholders, and therefore, must allocate resources to satisfy both investing and noninvesting stakeholders'...
Persistent link: https://www.econbiz.de/10012992684
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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
We examine whether and how board connections affect the firm's corporate social responsibilities (CSR). Grounded in the agency, resource dependence, and social network theory, our research predicts and finds that board connectedness is positively associated with CSR performance. This result is...
Persistent link: https://www.econbiz.de/10012831130
In this paper, I examine the effects of a firm’s prior reputation in enforcing good CSR practices on its involuntary turnover behavior during the first year of the COVID ’19 pandemic. Specifically, using difference-in-difference analysis on 3,011 publicly traded US firms over the period...
Persistent link: https://www.econbiz.de/10014350933
If Corporate Social Responsibility (CSR) activities are beyond a firm's legal obligations and potentially require a sacrifice in short-term profits, why do firms promote CSR? This question motivates this investigation of the impact of CSR on a firm's Corporate Financial Performance (CFP). This...
Persistent link: https://www.econbiz.de/10011306000