{"title":"Components of CEO Power and Corporate Social Responsibility: The Moderating Role of Board Independence","authors":"Yanzhao Liu, C. Hooy","doi":"10.1080/1226508X.2023.2215795","DOIUrl":null,"url":null,"abstract":"ABSTRACT The purpose of this research is to explore the relationship between overall and components of CEOs power and Corporate Social Responsibility (CSR). Besides, we test the moderating influence of board independence on CEOs power and CSR relationship. We focused on public listed companies in China over a sample period of 2010–2020 with 22,182 firm-year observations. Our analysis shows that the total of CEOs power and structural power are negatively correlated with CSR, but ownership, expert and prestige power are positively correlated with CSR. Moreover, we find that board independence has different moderating effects on CEOs power and CSR.","PeriodicalId":1,"journal":{"name":"Accounts of Chemical Research","volume":"50 1","pages":"114 - 133"},"PeriodicalIF":16.4000,"publicationDate":"2023-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounts of Chemical Research","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/1226508X.2023.2215795","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CHEMISTRY, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 0
Abstract
ABSTRACT The purpose of this research is to explore the relationship between overall and components of CEOs power and Corporate Social Responsibility (CSR). Besides, we test the moderating influence of board independence on CEOs power and CSR relationship. We focused on public listed companies in China over a sample period of 2010–2020 with 22,182 firm-year observations. Our analysis shows that the total of CEOs power and structural power are negatively correlated with CSR, but ownership, expert and prestige power are positively correlated with CSR. Moreover, we find that board independence has different moderating effects on CEOs power and CSR.
期刊介绍：
Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance.
Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
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