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This study examines the impact of board diversity on firms' corporate social responsibility (CSR) performance. Using seven different measures of board diversity across 1,489 U.S. firms from 1999 to 2011, the study finds that board diversity is positively associated with CSR performance. Board...
Persistent link: https://www.econbiz.de/10013049253
Existing research and practical evidence highly question whether institutional investor truly walk the talk when it comes to fostering corporate sustainability (CS) in their investee companies, or merely engage in greenwashing. This study investigates how responsible institutional investors...
Persistent link: https://www.econbiz.de/10012886116
This paper examines the hypothesis that religious firms are more socially responsible. By utilizing a novel measure of religiosity that reflects firm-level adherence to Christian values, we find that religiousness is positively associated with the CSR engagement of large U.S. firms after...
Persistent link: https://www.econbiz.de/10013405064
Not only institutional investors are increasingly demanding to know more about the sustainability skills of the boards they elect. These skills demonstrate a company's capability to navigate new regulations and meet self-imposed targets. Consequently, they also serve as a significant proxy for a...
Persistent link: https://www.econbiz.de/10015057528
CEO activism — the practice of CEOs taking public positions on environmental, social, and political issues not directly related to their business — has become a hotly debated topic in corporate governance. To better understand the implications of CEO activism, we examine its prevalence, the...
Persistent link: https://www.econbiz.de/10012001263
Persistent link: https://www.econbiz.de/10013532149
Many companies in Germany must provide information beyond financial figures in their annual reports. For some years now, legislators have increasingly required information on non-financial aspects, such as the shares of women in leadership positions. Using a quantitative text analysis of annual...
Persistent link: https://www.econbiz.de/10013532157
The registration date of a seasoned equity offering marks the beginning of the offering process and serves to galvanize further scrutiny and information gathering about the issuer. We posit that the market reaction to this new additional information influences issuers' decisions about their...
Persistent link: https://www.econbiz.de/10013131051
This paper empirically investigates how Chinese executives and managers perceive and interpret corporate social … responsibility (CSR), to what extent firms' productive characteristics influence managers' attitudes towards their CSR rating, and … in poorer regions that are more likely to have managers who opt for a higher CSR rating. Managers' personal …
Persistent link: https://www.econbiz.de/10003688795
managers in their personal struggles for social power. Whether such practices are enacted or not depends on the (1) particular … features of the social field in which the managers are embedded, (2) the individual managers' socially shaped dispositions and …. macro-level explanations and voluntaristic vs. deterministic views of managers' behaviors …
Persistent link: https://www.econbiz.de/10009751331