CEO compensation and corporate social responsibility

被引：90

作者：

Jian, Ming ^{[1
]}

Lee, Kin-Wai ^{[2
]}

机构：

[1] Nanyang Technol Univ, Singapore 639798, Singapore

[2] Nanyang Technol Univ, Nanyang Business Sch, Singapore 639798, Singapore

来源：

JOURNAL OF MULTINATIONAL FINANCIAL MANAGEMENT | 2015年 / 29卷

关键词：

Corporate social responsibility (CSR); CEO compensation; Corporate governance;

D O I：

10.1016/j.mulfin.2014.11.004

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We examine the association between CEO compensation and corporate social responsibility (CSR). We find that CEO compensation is negatively associated with CSR investment. We find CEO compensation is positively associated with normal CSR, suggesting that CEO is rewarded for investing in optimal level of CSR. The positive association between CEO compensation and normal CSR is more pronounced in firms with stronger corporate governance. However, CEO compensation level is negatively associated with abnormal CSR, suggesting that when CSR investment deviates from its optimal level, CEOs receive lower compensation level for excessive CSR investments. Firms with good corporate governance penalize abnormal CSR. (C) 2014 Elsevier By. All rights reserved.

引用

页码：46 / 65

页数：20

共 50 条

[41] LICENSE TO ILL: THE EFFECTS OF CORPORATE SOCIAL RESPONSIBILITY AND CEO MORAL IDENTITY ON CORPORATE SOCIAL IRRESPONSIBILITY
Ormiston, Margaret E.
Wong, Elaine M.
PERSONNEL PSYCHOLOGY, 2013, 66 (04) : 861 - 893
[42] The differential effects of CEO narcissism and hubris on corporate social responsibility
Tang, Yi
Mack, Daniel Z.
Chen, Guoli
STRATEGIC MANAGEMENT JOURNAL, 2018, 39 (05) : 1370 - 1387
[43] Relationship between CEO gender and the application of corporate social responsibility
Licandro, Oscar D.
Correa, Patricia
ESTUDIOS GERENCIALES, 2022, 38 (164) : 385 - 402
[44] The impact of two types of CEO overcompensation on corporate social responsibility
Jeong, Nara
JOURNAL OF MANAGEMENT & GOVERNANCE, 2020, 24 (03) : 749 - 767
[45] CEO narcissism and financial performance: the role of corporate social responsibility
Anita, Rizqa
Widya, Rahma
Abdillah, Muhammad Rasyid
Hadiyati, Hadiyati
Zakaria, Nor Balkish
JOURNAL OF MANAGEMENT DEVELOPMENT, 2025, 44 (01) : 107 - 120
[46] Correction to: The Effects of CEO Awards on Corporate Social Responsibility Focus
Juelin Yin
Jiangyan Li
Jun Ma
Journal of Business Ethics, 2024, 190 : 917 - 917
[47] The impact of two types of CEO overcompensation on corporate social responsibility
Nara Jeong
Journal of Management and Governance, 2020, 24 : 749 - 767
[48] How CEO narcissism affects corporate social responsibility choice?
Chen, Jing
Zhang, Zhe
Jia, Ming
ASIA PACIFIC JOURNAL OF MANAGEMENT, 2021, 38 (03) : 897 - 924
[49] How CEO hubris affects corporate social (ir)responsibility
Tang, Yi
Qian, Cuili
Chen, Guoli
Shen, Rui
STRATEGIC MANAGEMENT JOURNAL, 2015, 36 (09) : 1338 - 1357
[50] How CEO narcissism affects corporate social responsibility choice?
Jing Chen
Zhe Zhang
Ming Jia
Asia Pacific Journal of Management, 2021, 38 : 897 - 924

← 1 2 3 4 5 →