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 …

) intensity, on shareholder wealth when mergers and acquisitions (M&As) are carried out by managers with different traits. We find … acquiring firms with talented managers are more inclined to engage in CSR activities to shape corporate social culture, thereby … CSR commitment led by talented managers tend to acquire targets of similar corporate social culture and experience …

We study whether firm managers’ physical appearance affects their decisions on corporate philanthropy. Examining a … large sample of corporate donations matched with managers’ attractiveness data, we find that male managers’ motivations for … philanthropic giving are driven by their physical attractiveness. In contrast to managers with average looks, attractive managers do …

hypothesis) that may explain why managers engage in corporate social responsibility (CSR). 2) We use an intuitive empirical … that managers engage in CSR to learn new relevant information from other informed stakeholders. In return, managers will … et al. 2012, 2017). The latter accounts for the extent to which stock prices reveal new information to managers that will …