{"title":"Does CEO debt-like compensation mitigate corporate social irresponsibility?","authors":"Long Chen, G. He, Gopal V. Krishnan","doi":"10.1080/01559982.2023.2195983","DOIUrl":null,"url":null,"abstract":"Corporate social irresponsibility (CSI) is an increasingl rele ant topic to toda s b siness as CSI may exert stronger impacts on firms than corporate social responsibility (CSR). However, little is known about mechanisms through which to curb 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 a measure of ESG risk exposure based on media coverage of ESG incidents, we find that CEO inside debt is negatively related to ESG risk exposure. Further, this relation is stronger when firms are confronted with financial constraints, have larger outside debt or lower credit ratings, and have younger or shorter-tenured CEOs.","PeriodicalId":47566,"journal":{"name":"Accounting Forum","volume":"1 1","pages":""},"PeriodicalIF":2.8000,"publicationDate":"2023-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounting Forum","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1080/01559982.2023.2195983","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
Corporate social irresponsibility (CSI) is an increasingl rele ant topic to toda s b siness as CSI may exert stronger impacts on firms than corporate social responsibility (CSR). However, little is known about mechanisms through which to curb 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 a measure of ESG risk exposure based on media coverage of ESG incidents, we find that CEO inside debt is negatively related to ESG risk exposure. Further, this relation is stronger when firms are confronted with financial constraints, have larger outside debt or lower credit ratings, and have younger or shorter-tenured CEOs.
期刊介绍：
Accounting Forum publishes authoritative yet accessible articles which advance our knowledge of theory and practice in all areas of accounting, business finance and related subjects. The journal both promotes greater understanding of the role of business in the global environment, and provides a forum for the intellectual exchange of academic research in business fields, particularly in the accounting profession. Covering a range of topical issues in accounting, business finance and related fields, Accounting Forum''s main areas of interest are: accounting theory; auditing; financial accounting; finance and accounting education; management accounting; small business; social and environmental accounting; and taxation. Of equal interest to practitioners, academics, and students, each issue of the journal includes peer-reviewed articles, notes and comments section.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
