Does a CEO's Cultural Background Affect Community Related CSR Activities?

Abstract

By using the large sample having the 9658 observations, this study investigates the impact of the CEO's cultural background on the community-related CSR activities. From the empirical analysis, it is found that different cultural dimensions affected differently. Individualistic and masculine CEOs are positively and significantly related to community-related CSR activities. It is also found that uncertainty avoidance is negatively and significantly related to community-related CSR activities. This study has used the data from the year 2002 to 2015 and employed a pooled regression technique to find the empirical results. This is the first study in its nature and provides a direction for future research.