Does CEO debt-like compensation mitigate corporate social irresponsibility?

被引：1

作者：

Chen, Long ^{[1
]}

He, Guanming ^{[2
]}

Krishnan, Gopal V. ^{[3
]}

机构：

[1] George Mason Univ, Sch Business, Fairfax, VA USA

[2] Univ Durham, Durham Business Sch, Durham, England

[3] Bentley Univ, Dept Accountancy, Waltham, MA USA

来源：

ACCOUNTING FORUM | 2024年 / 48卷 / 04期

关键词：

Debt-like compensation; corporate social irresponsibility; ESG risks; CEO incentives; NONFINANCIAL DISCLOSURE; HORIZON PROBLEM; RESPONSIBILITY; COST; REPUTATION; FIRM; PERFORMANCE; GOVERNANCE; INCENTIVES; INVESTMENT;

D O I：

10.1080/01559982.2023.2195983

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Corporate social irresponsibility (CSI) is an increasingly relevant topic to today's business, as CSI may exert stronger impacts on firms than corporate social responsibility (CSR). However, little is known about mechanisms that can constrain such irresponsible actions. We examine whether CEO debt-like compensation (i.e. pension and deferred compensation granted to the CEO of a firm) mitigates CSI, which is proxied by environmental, social and governance (ESG) risk exposure. Using media coverage of ESG incidents as a measure, we find that ESG risk exposure is negatively related to CEO debt-like compensation. Furthermore, this relation is stronger when firms have higher distress risks or when CEOs have greater career concerns.

引用

页码：594 / 634

页数：41

共 50 条

[41] Relating CEO Compensation to Social Performance and Financial Performance: Does the Measure of Compensation Matter?
Callan, Scott J.
Thomas, Janet M.
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 2014, 21 (04) : 202 - 227
[42] How does corporate social irresponsibility affect organisational reputation? The mediating role of moral anger and distrust
Zasuwa, Grzegorz
SOCIAL RESPONSIBILITY JOURNAL, 2024, 20 (10) : 1854 - 1867
[43] Executive compensation and corporate social responsibility: does a golden parachute matter?
Okafor, Collins E.
Ujah, Nacasius U.
INTERNATIONAL JOURNAL OF MANAGERIAL FINANCE, 2020, 16 (05) : 575 - 598
[44] Does the power gap between a chairman and CEO matter? Evidence from corporate debt financing in China
Wang, Brian Yutao
Duan, Mengran
Liu, Guangqiang
PACIFIC-BASIN FINANCE JOURNAL, 2021, 65
[45] Does CEO (over)compensation influence corporate reputation? (vol 17, pg 33, 2018)
Schulz, Ann-Christine
Flickinger, Miriam
REVIEW OF MANAGERIAL SCIENCE, 2020, 14 (04) : 929 - 932
[46] Does CEO personality matter? Implications for financial performance and corporate social responsibility
Jacquart, Philippe
Antonakis, John
Ramus, Catherine
INTERNATIONAL JOURNAL OF PSYCHOLOGY, 2008, 43 (3-4) : 596 - 596
[47] Does CEO–Audit Committee/Board Interlocking Matter for Corporate Social Responsibility?
Sudipta Bose
Muhammad Jahangir Ali
Sarowar Hossain
Abul Shamsuddin
Journal of Business Ethics, 2022, 179 : 819 - 847
[48] Does local government debt affect corporate social responsibility? Evidence from China
Wan, Peng
Chen, Xiangyu
Ke, Yun
Dong, Wang
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2024, 89 : 334 - 348
[49] Corporate Social Irresponsibility, an Elastic Wall, and a Fragile State: Sign of Hope's Unfinished Quest to Mitigate Human Rights Violations in South Sudan
Kinderman, Daniel
Stieglitz, Klaus
Almairac, Laure
BUSINESS AND HUMAN RIGHTS JOURNAL, 2023, 8 (03) : 454 - 460
[50] Corporate social responsibility and CEO compensation revisited: Do disaggregation, market stress, gender matter?
Rekker, Saphira A. C.
Benson, Karen L.
Faff, Robert W.
JOURNAL OF ECONOMICS AND BUSINESS, 2014, 72 : 84 - 103

← 1 2 3 4 5 →