responsible firms will optimally hire more socially responsible managers. We conclude that neither the shareholder primacy model …

) 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 …

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 …