The quiet life hypothesis argues that, when managers are insulated from the discipline of the takeover market, they … quiet life hypothesis, where managers adopt riskier CSR strategies and investments when they are more exposed to takeover …

which managers instead of markets allocate resources, including social expenditures. The theory focuses jointly on the … encompass social performance. First, consumers may reward the firm for its social expenditures; second, managers may have … management compensation in increasing in corporate social expenditures. In the theory firms with higher ability managers have …