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We examine the impact of cultural diversity in corporate boards on a firm's corporate social performance. Using a novel approach to identify a director's cultural roots based on ancestry, we estimate the degree of cultural diversity at the board level. We find that board cultural diversity is...
Persistent link: https://www.econbiz.de/10012870369
Many companies in Germany must provide information beyond financial figures in their annual reports. For some years now, legislators have increasingly required information on non-financial aspects, such as the shares of women in leadership positions. Using a quantitative text analysis of annual...
Persistent link: https://www.econbiz.de/10013532157
Analysing the nexus between board diversity, CEO power, state holding, and corporate social responsibility disclosure in an emerging country: Vietnam, where some listed firms are held significantly by the State, is the fundamental objective of this study. In order to achieve this goal, we...
Persistent link: https://www.econbiz.de/10012604226
This paper examines the impact of a firm’s social performance on the CEO’s employment prospects. We find that CEOs are more (less) likely to leave office when there is a significant recent decline (improvement) in social performance. We then track departing CEOs’ subsequent employment...
Persistent link: https://www.econbiz.de/10013213166
This paper investigates whether executives with media background influence the engagement of corporate social responsibility (CSR) in China. By examining Chinese listed companies from 2010 to 2017, this paper finds that companies with media background executives own higher CSR scores and better...
Persistent link: https://www.econbiz.de/10012864489
Motivated by the rise of linking CEO compensation to corporate social responsibility (hereafter, CSR contracting), we examine the impact of CSR contracting on CEO performance-induced turnover. Using a sample of S&P 500 firms with hand collected information on the use and substantiveness of CSR...
Persistent link: https://www.econbiz.de/10013295330
This study examines how the financial experience of senior executives influences corporate social responsibility (CSR) performance and reporting activities. With a sample of Chinese listed companies over the period 2009–2018, we find that companies with senior executives with financial...
Persistent link: https://www.econbiz.de/10013405748
This study examines the relationship between corporate social responsibility (CSR) and different types of CEO turnover. Our findings based on a sample of over 2,500 publicly-traded US firms clarify how firms’ CSR engagement relates to CEO turnover by reason and source of new CEO. Firms with...
Persistent link: https://www.econbiz.de/10014351224
Superstitions are typically seen as beliefs without scientific grounding. However, it can also be associated with people’s perception of risk and subsequent behavior. In this study, we provide evidence that CEO superstitious beliefs of bad luck – triggered by the CEO’s “zodiac year,”...
Persistent link: https://www.econbiz.de/10014353617
This paper empirically investigates how Chinese executives and managers perceive and interpret corporate social … responsibility (CSR), to what extent firms' productive characteristics influence managers' attitudes towards their CSR rating, and … poorer regions that are more likely to have managers who opt for a higher CSR rating. Managers' personal characteristics per …
Persistent link: https://www.econbiz.de/10013325259