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Managerial Talent and Corporate Social Responsibility (CSR) : How Do Talented Managers View Corporate Social Responsibility?
Jiraporn, Pornsit - 2015
Motivated by the on-going debate on the costs and benefits of CSR, we explore how talented managers view CSR investments. Based on nearly 20,000 observations across 17 years, our evidence reveals a non-monotonic effect of managerial talent on CSR. Exploiting a novel measure of managerial ability...
Persistent link: https://www.econbiz.de/10013015404
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How Do Independent Directors View Corporate Social Responsibility (CSR) During a Stressful Time? Evidence From the Financial Crisis
Chintrakarn, Pandej - 2020
We explore the effect of board independence on CSR investments during a stressful time, i.e. during the Great Recession. Our results show that independent directors exhibit an unfavorable view of CSR investments during the crisis. Stronger board independence leads to a significant reduction in...
Persistent link: https://www.econbiz.de/10012825484
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Corporate Social Responsibility and CEO Risk-Taking Incentives
Dunbar, Craig G. - 2020
We examine how firms adjust CEO risk-taking incentives in response to risk environments as-sociated with their corporate social responsibility (CSR) standing. We find strong evidence that as a firm's CSR status improves (declines), increasing (decreasing) its risk-taking capacity, the firm...
Persistent link: https://www.econbiz.de/10012855215
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Managerial Short-Termism and ESG
Lin, Chen; Wei, Lai; Yang, Nan; Zhang, Yupu - 2021
While practitioners call for long-term managerial compensation to promote firms’ commitment in environmental, social and governance (ESG) issues, little direct evidence exists on the role managerial incentive horizon plays in firms’ ESG performance. Exploiting two alternative identification...
Persistent link: https://www.econbiz.de/10013220730
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Corporate purpose and firm ownership
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
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Executive Ownership and Sustainability Performance
Ghitti, Marco; Gianfrate, Gianfranco; Reccagni, Edoardo - 2022
explore whether executive ownership fosters a non-financial sustainability footprint as well. We find that executive ownership … inverse relationship between executive ownership and sustainability performance is causal. Executive ownership schemes can …. Executive compensation should rather include incentives explicitly linked to sustainability goals …
Persistent link: https://www.econbiz.de/10014238974
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Does CEO risk-aversion affect carbon emission?
Hossain, Ashrafee T; Saadi, Samir; Amin, Abu S. - 2021
Does CEO tolerance to risk affect a firm’s long-run sustainability? Using CEO insider debt holding, we show that CEO … the firm’s long-run sustainability. Our result is robust to several endogeneity tests including a quasi-natural experiment …
Persistent link: https://www.econbiz.de/10013312545
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Globalization of corporate governence : the American influence on dismissal performance sensitivity of European CEOs
Jungeilges, Jochen A.; Oxelheim, Lars; Randøy, Trond - 2010
This study examines how globalization of corporate governance practices influence the risk of European CEOs being dismissed. We argue that the harsh monitoring of the American corporate governance system spills over to the rest of the world as a result of this globalization. We focus on direct...
Persistent link: https://www.econbiz.de/10003932526
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Globalization of monitoring practices : the case of American influences on the dismissal risk of European CEOs
Oxelheim, Lars; Randøy, Trond - 2013
This study examines globalization of monitoring practices by focusing on how American (U.S.) influences on European firms impact the dismissal risk for these firms' CEOs. Specifically, we argue that the stronger short term orientation of the American corporate governance system increase the...
Persistent link: https://www.econbiz.de/10009721271
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The Determinants of CEO Inside Debt and its Components
Cen, Wei - 2011
I use the new SEC disclosure rule of 2006 to examine the role of CEO inside debt (pension plans and deferred compensation plans) in CEO compensation problem. I find that the contribution ratio of deferred compensation to total cash compensation is positively related to firm size, firm liquidity...
Persistent link: https://www.econbiz.de/10013132444