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How Do Powerful CEOs View Corporate Social Responsibility (CSR)? An Empirical Note

Jiraporn, Pornsit - 2013

We explore how powerful CEOs view investments in corporate social responsibility (CSR). The agency view suggests that CEOs invest in CSR to enhance their own private benefits. On the contrary, the conflict resolution view argues that CSR investments are made to resolve the conflicts among...

Persistent link: https://www.econbiz.de/10013085700

Corporate Socially Responsible Investments : CEO Altruism, Reputation, and Shareholder Interests

Borghesi, Richard - 2014

Corporate managers often invest in activities that are deemed to be socially responsible. In some instances, these … investments enhance shareholder value. However, in other cases, altruistic managers or managers who privately benefit from the … enhancing. Given this backdrop, we investigate the various factors that motivate firm managers to make socially responsible …

Persistent link: https://www.econbiz.de/10013065114

Sustainable Management Compensation and ESG Performance – The German Case

Velte, Patrick - 2017

This paper takes a closer look at sustainable management compensation and the impact on environmental, social and governance (ESG) performance in the German two tier system. The empirical quantitative study covers a sample selection of German companies listed on the Prime Standard of the...

Persistent link: https://www.econbiz.de/10012963057

Executive Compensation of SOEs and Corporate Social Responsibility : Theory and Evidence from China

Li, Jiaxing - 2020

managers. Based on annual data for Chinese-listed SOEs over the period 2013-2018, this research also empirically explores the …

Persistent link: https://www.econbiz.de/10012844792

Managerial Compensation and Firm Value in the Presence of Socially Responsible Investors

Chaigneau, Pierre - 2016

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

Persistent link: https://www.econbiz.de/10013006274

CEO Materialism and Corporate Social Responsibility

Davidson, Robert H. - 2016

We study the role of individual CEOs in explaining corporate social responsibility (CSR) scores. We show that CEO fixed-effects explain 63% of the variation in CSR scores, a significant portion of which is attributable to a CEO's “materialism” (relatively high luxury asset ownership)....

Persistent link: https://www.econbiz.de/10012989215

Is Corporate Social Responsibility an Agency Problem? Evidence from CEO Turnovers

Barrios, John Manuel - 2014

their managers are less likely to be dismissed for poor financial performance. In contrast, if CSR reflects owners …

Persistent link: https://www.econbiz.de/10013039907

Do Directors Drive Corporate Sustainability?

Iliev, Peter; Roth, Lukas - 2021

We use the exposure of U.S. firms’ directors to the staggered introduction of sustainability disclosure reforms in foreign countries to study the role of the board of directors in shaping corporate sustainability. Using a difference-in-differences design, we document that the board has a...

Persistent link: https://www.econbiz.de/10013244476

Integration of CSR Criteria Into Executive Compensation Contracts : A Cross-Country Analysis

Aresu, Simone; Hooghiemstra, Reggy; Melis, Andrea - 2022

This study examines the relationship between the degree of external social and environmental regulatory pressures and firms’ integration of corporate social responsibility (CSR) criteria into executive compensation contracts. Building on the notion that firms operate in settings in which...

Persistent link: https://www.econbiz.de/10014238776

Executive Compensation : Investor Preferences During Say-on-Pay Votes and the Role of Proxy Voting Advisors

Gomtsian, Suren - 2023

Shareholder say-on-pay votes allow institutional investors to influence the incentives of managers and, consequently …

Persistent link: https://www.econbiz.de/10014254709