The purpose of this paper is to study the relevance of ownership and CEOs' characteristics in the implementation of corporate social responsibility (CSR) activities. Specifically, it is proposed that ownership structure characterised by the presence of large shareholders is related to CSR...

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...

We aggregate different dimensions of corporate social responsibility (CSR) activities following the stakeholder framework proposed in Clarkson (1995) and present consistent evidence that CSR strengths targeting different stakeholders have their unique impact on firm risk and financial...

In this paper, using corporate social responsibility (CSR) measures constructed from EIRIS data and mapped onto Environment, Employee and Community dimensions, as well as a Composite indicator, we show that all two out of the three dimensions of CSR, together with the Composite measure, are...

This article provides a novel methodology to investigate the influence of share ownership on corporate decision making. Quantifying the characteristics of firms' owners based on their measurable investment habits enables us to assess their predominant preferences. We demonstrate that a...

In this paper, I determine the compensation component of the corporate social responsibility (CSR) contract that can improve CSR rating the most by considering two types of the contract. Based on my results, I find that for objective contracts and subjective contracts, the best-performing...

In this paper, we examine whether stock market imperfection plays a role in a firm's decision to disclose non-financial information and if yes, what are the underlying channels. To address our questions, we web-scraped corporate social responsibility (CSR) news for a sample of publicly traded...

The chapter examines the extant research on governance and corporate social responsibility practices of large Turkish companies and links these practices to the behavior and performance of Turkish companies

This study examines the impact of corporate social responsibility (CSR) on the economic value of innovation. Using the stock market reaction to patent grants as a measure of the economic value of innovation, we find that a higher level of CSR leads to a higher value of innovation. In addition,...