Gary M. Fleischman, M. Curtis, S. Valentine, P. Mohapatra
Data breaches experienced by companies such as TJX, Equifax, and Target underscore the importance of accounting information system (AIS) security protection. However, the cost of necessary security may be prohibitive, forcing CFOs to make difficult financial and moral tradeoffs. Our 2x2 randomized experiment varies both the scenario CFO’s investment decision (invest/not) and organizational outcomes (positive/negative). Participant managers judge the scenario CFO’s behavior and make intentions to invest in security themselves. Our findings indicate that perceptions about peers and society drive participant investments in AIS. We also find that as organizational outcomes move from unfavorable to favorable, participants are more forgiving of scenario CFO noninvestment gambling, display weakened moral reasoning, and conveniently alter their investment decisions in lockstep with altered perceptions about how peers and society would behave. In contrast, independent thinkers display strengthened moral reasoning and consistent investment in security patterns irrespective of outcomes.
{"title":"AIS Security Investment to Mitigate Hacking Risk: The Role of Attitudes, Perceived Norms, and Outcomes","authors":"Gary M. Fleischman, M. Curtis, S. Valentine, P. Mohapatra","doi":"10.2139/ssrn.3440427","DOIUrl":"https://doi.org/10.2139/ssrn.3440427","url":null,"abstract":"Data breaches experienced by companies such as TJX, Equifax, and Target underscore the importance of accounting information system (AIS) security protection. However, the cost of necessary security may be prohibitive, forcing CFOs to make difficult financial and moral tradeoffs. Our 2x2 randomized experiment varies both the scenario CFO’s investment decision (invest/not) and organizational outcomes (positive/negative). Participant managers judge the scenario CFO’s behavior and make intentions to invest in security themselves. Our findings indicate that perceptions about peers and society drive participant investments in AIS. We also find that as organizational outcomes move from unfavorable to favorable, participants are more forgiving of scenario CFO noninvestment gambling, display weakened moral reasoning, and conveniently alter their investment decisions in lockstep with altered perceptions about how peers and society would behave. In contrast, independent thinkers display strengthened moral reasoning and consistent investment in security patterns irrespective of outcomes.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"4688 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124613806","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
To prevent unethical behaviours by managers and employees, many companies include compliance aspects in their compensation schemes. For example, ex post discretionary adjustments allow managers to react to unforeseen events, such as dishonest behaviour. We propose that the level of ex post adjustments due to a subordinate’s misconduct depends on the subordinate’s ex ante financial performance. We further propose that this effect is reduced when the superior must justify his/her decision to adjust the subordinate’s bonus. Through an experiment, we find evidence confirming our hypotheses. The participants’ subjective ex-post bonus reduction is lower (higher) when the subordinates’ ex-ante objective performance is higher (lower). Additionally, our data show that increasing the superiors’ accountability through justification reduces the spill-over effect. Our research can help companies understand how and why superior managers (in-)sufficiently react to subordinates’ unethical behaviour and can help the development of remuneration schemes that are less vulnerable to judgemental biases.
{"title":"Is It Okay As Long as You Make a Profit? Evidence Based on Biased Discretionary Bonus Adjustments","authors":"Miriam K. Maske, Matthias Sohn, Bernhard Hirsch","doi":"10.2139/ssrn.3434896","DOIUrl":"https://doi.org/10.2139/ssrn.3434896","url":null,"abstract":"To prevent unethical behaviours by managers and employees, many companies include compliance aspects in their compensation schemes. For example, ex post discretionary adjustments allow managers to react to unforeseen events, such as dishonest behaviour. We propose that the level of ex post adjustments due to a subordinate’s misconduct depends on the subordinate’s ex ante financial performance. We further propose that this effect is reduced when the superior must justify his/her decision to adjust the subordinate’s bonus. Through an experiment, we find evidence confirming our hypotheses. The participants’ subjective ex-post bonus reduction is lower (higher) when the subordinates’ ex-ante objective performance is higher (lower). Additionally, our data show that increasing the superiors’ accountability through justification reduces the spill-over effect. Our research can help companies understand how and why superior managers (in-)sufficiently react to subordinates’ unethical behaviour and can help the development of remuneration schemes that are less vulnerable to judgemental biases.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130333705","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Corporate Social Responsibility (CSR) is set to be a concept whereby companies decide voluntarily to contribute better to societal development and cleaner environment in relationship with the State Government. This development pushes governments’ developmental plans to act and impact public policies through adoption of CSR as a complementing factor to government programs. This study tries to examine and evaluate how the concept of CSR can be linked to Governance in managing public corporations and environmental integrity which public administrator needs to strengthen the philosophy of sustainability in increasing the support required by government and non-government actors by providing for public sustainability given the rapid adoption of CSR in business strategy. This paper addresses the question of how the theory of CSR practice can provide directions and support for Government Institutions. It’s explores how CSR and practices can be integrated into public services to behave in a responsible and sustainable manner by discussing the perceptions of Lagosian and their responsibilities.
{"title":"The Role of Public Administration in Corporate Social Responsibility and Sustainability: A Descriptive Analysis of Lagosian Perception in Nigeria","authors":"Aina-Obe Shamsuddin Bolatito","doi":"10.2139/ssrn.3388075","DOIUrl":"https://doi.org/10.2139/ssrn.3388075","url":null,"abstract":"Corporate Social Responsibility (CSR) is set to be a concept whereby companies decide voluntarily to contribute better to societal development and cleaner environment in relationship with the State Government. This development pushes governments’ developmental plans to act and impact public policies through adoption of CSR as a complementing factor to government programs. This study tries to examine and evaluate how the concept of CSR can be linked to Governance in managing public corporations and environmental integrity which public administrator needs to strengthen the philosophy of sustainability in increasing the support required by government and non-government actors by providing for public sustainability given the rapid adoption of CSR in business strategy. This paper addresses the question of how the theory of CSR practice can provide directions and support for Government Institutions. It’s explores how CSR and practices can be integrated into public services to behave in a responsible and sustainable manner by discussing the perceptions of Lagosian and their responsibilities.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131906231","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study investigates the problem of externally hired powerful CEOs and how they affect CSR performance for their respective firm. The data used was from the Wharton Research Data Services - CRSP database from 1993 to 2016. This work starts by looking at how the dependent variables affect the debt level of the firms, then how the explanatory variables affect the CSR performance by controlling for the time fixed effect and solving the endogeneity problem. A few conclusions were found, CEO gender and tenure influence a firm’s CSR performance. The CEO’s age does not appear to affect the CSR performance of the firms. Furthermore, Externally hired CEOs care more about the firms CSR performance more than internally promoted CEOs and powerful CEOs do not invest more on CSR activities.
本研究探讨外聘强势ceo的问题，以及他们如何影响企业的CSR绩效。使用的数据来自沃顿研究数据服务公司(Wharton Research data Services，简称CRSP) 1993年至2016年的数据库。本研究首先考察因变量如何影响企业债务水平，然后考察解释变量如何通过控制时间固定效应和解决内生性问题来影响企业社会责任绩效。研究发现，CEO性别和任期对企业社会责任绩效有影响。CEO的年龄似乎不影响企业的社会责任绩效。此外，外聘ceo对企业社会责任绩效的关注程度高于内聘ceo，强势ceo对企业社会责任活动的投入程度并不高。
{"title":"The Impact of External CEO Power on Corporate Social Responsibility","authors":"Gordon La","doi":"10.2139/ssrn.3375077","DOIUrl":"https://doi.org/10.2139/ssrn.3375077","url":null,"abstract":"This study investigates the problem of externally hired powerful CEOs and how they affect CSR performance for their respective firm. The data used was from the Wharton Research Data Services - CRSP database from 1993 to 2016. This work starts by looking at how the dependent variables affect the debt level of the firms, then how the explanatory variables affect the CSR performance by controlling for the time fixed effect and solving the endogeneity problem. A few conclusions were found, CEO gender and tenure influence a firm’s CSR performance. The CEO’s age does not appear to affect the CSR performance of the firms. Furthermore, Externally hired CEOs care more about the firms CSR performance more than internally promoted CEOs and powerful CEOs do not invest more on CSR activities.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"90 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127697729","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
I. Hasan, Panagiotis I. Karavitis, Pantelis Kazakis, Woon Sau Leung
In this work we investigate the relationship between corporate social responsibility (CSR) and profit shifting. First, we employ worldwide data for parent firms and their foreign subsidiaries to derive a profit shifting measure. Then, drawing on legitimacy theory and risk-management strategy, we find corporate social responsibility to be positively correlated with profit shifting. In addition, we find this relationship to be stronger in parent firms in countries under the territorial tax system. We perform a battery of sensitivity tests and robustness checks to corroborate our findings. By and large, our results suggest that multinational firms with higher CSR scores shift larger amounts of profits to their low-tax foreign subsidiaries, potentially indicating strategic planning in the choice of CSR investments by multinational enterprises.
{"title":"Corporate Social Responsibility and Profit Shifting","authors":"I. Hasan, Panagiotis I. Karavitis, Pantelis Kazakis, Woon Sau Leung","doi":"10.2139/ssrn.3318861","DOIUrl":"https://doi.org/10.2139/ssrn.3318861","url":null,"abstract":"In this work we investigate the relationship between corporate social responsibility (CSR) and profit shifting. First, we employ worldwide data for parent firms and their foreign subsidiaries to derive a profit shifting measure. Then, drawing on legitimacy theory and risk-management strategy, we find corporate social responsibility to be positively correlated with profit shifting. In addition, we find this relationship to be stronger in parent firms in countries under the territorial tax system. We perform a battery of sensitivity tests and robustness checks to corroborate our findings. By and large, our results suggest that multinational firms with higher CSR scores shift larger amounts of profits to their low-tax foreign subsidiaries, potentially indicating strategic planning in the choice of CSR investments by multinational enterprises.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"251 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122511064","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper examines how direct involvement of employees in corporate governance affects executive compensation. German law mandates that half of the supervisory board seats belong to employee representatives in firms with over 2,000 domestic employees. For identification, we exploit this discontinuity, a law change which grants employees more influence over compensation, and a combination of both. In all three settings, we find that executive compensation rises by about one-third if employee voice is strengthened. Employees are also better off, as evidenced by increased employment protection. These results support that employee control facilitates the alliance between managers and employees.
{"title":"Conflict or Collusion?: How Employees in the Boardroom Affect Executive Compensation","authors":"Chen Lin, Thomas Schmid, Yang Sun","doi":"10.2139/ssrn.3313123","DOIUrl":"https://doi.org/10.2139/ssrn.3313123","url":null,"abstract":"This paper examines how direct involvement of employees in corporate governance affects executive compensation. German law mandates that half of the supervisory board seats belong to employee representatives in firms with over 2,000 domestic employees. For identification, we exploit this discontinuity, a law change which grants employees more influence over compensation, and a combination of both. In all three settings, we find that executive compensation rises by about one-third if employee voice is strengthened. Employees are also better off, as evidenced by increased employment protection. These results support that employee control facilitates the alliance between managers and employees.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129847897","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
I will outline articles and news about intellectual capital to figuring out how to write a litterer in your final project. you will found the articles and web interfaces in the reference: The motivation behind this investigation is to look at and discover the impacts of Intellectual Capital on Corporate Social Responsibility for Islamic Banking Sector in GCC. Esteem Added Intellectual Coefficient (VAIC) was utilized as the productive proportion of scholarly capital. Two relapse models were developed to test the general VAIC, and every one of its three parts (Capital Employed Efficiency, Human Capital Efficiency and Structural Capital Efficiency) influences Islamic Banks’ Corporate Social Responsibility. The information incorporates 53 Islamic banks in GCC for the time of 2007-2011. The outcomes demonstrated that scholarly capital (VAIC) negatively affects Corporate Social Responsibility of Islamic banks in GCC. What's more, we found that Corporate Social Responsibility is emphatically connected with Capital Employed Efficiency (CEE) and contrarily connected with Human Capital Efficiency (HCE). Nonetheless, our discoveries neglected to locate any noteworthy relationship between Structural Capital Efficiency (SCE) and Corporate Social Responsibility of the Islamic banks in GCC.
{"title":"Summarizing Articles about Impact of Intellectual Capital on Corporate Social Responsibility Evidence from Islamic Banking Sector in GCC","authors":"Sara AlGareeb","doi":"10.2139/ssrn.3317367","DOIUrl":"https://doi.org/10.2139/ssrn.3317367","url":null,"abstract":"I will outline articles and news about intellectual capital to figuring out how to write a litterer in your final project. you will found the articles and web interfaces in the reference: The motivation behind this investigation is to look at and discover the impacts of Intellectual Capital on Corporate Social Responsibility for Islamic Banking Sector in GCC. Esteem Added Intellectual Coefficient (VAIC) was utilized as the productive proportion of scholarly capital. Two relapse models were developed to test the general VAIC, and every one of its three parts (Capital Employed Efficiency, Human Capital Efficiency and Structural Capital Efficiency) influences Islamic Banks’ Corporate Social Responsibility. The information incorporates 53 Islamic banks in GCC for the time of 2007-2011. The outcomes demonstrated that scholarly capital (VAIC) negatively affects Corporate Social Responsibility of Islamic banks in GCC. What's more, we found that Corporate Social Responsibility is emphatically connected with Capital Employed Efficiency (CEE) and contrarily connected with Human Capital Efficiency (HCE). Nonetheless, our discoveries neglected to locate any noteworthy relationship between Structural Capital Efficiency (SCE) and Corporate Social Responsibility of the Islamic banks in GCC.<br>","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114902751","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study investigated differences in business ethics (BE) between members of private- and public-sector organizations in South Korea. The primary data were collected by means of a survey conducted in 2014 and 2015. Our focus was on the respondents’ perceptions regarding:
1) their responsibility toward various stakeholders,
2) ethical conflicts,
3) decisions relating to ethics,
4) the promotion of an ethical environment in their organizations,
5) unethical practices,
6) the reporting of unethical practices,
7) the evolution of ethical standards, and
8) behaviors in situations involving unethical conduct.
We found that, in most cases, respondents from the private and public sectors responded in similar ways. The most significant differences between the two groups were that, first, in making (un)ethical decisions, respondents from public organizations preferred personal ethics over institutional interests more often than those from private organizations, while the latter reported having observed unethical practices more often. Further, respondents from public organizations tended to view more optimistically the changes in ethical standards over the past ten years. When it came to reporting unethical practices, the respondents’ managerial status seems to have been a more significant factor than the private or public status of the organizations at which they were employed. Lastly, within the group of respondents from the public sector, the views of those associated with state-owned-enterprises (SOEs) tended to be distinct from those associated with other types of enterprises.
{"title":"Comparison of the Business Ethics Practices of Private and Public Organizations in South Korea","authors":"T. Choi","doi":"10.2139/ssrn.3336402","DOIUrl":"https://doi.org/10.2139/ssrn.3336402","url":null,"abstract":"This study investigated differences in business ethics (BE) between members of private- and public-sector organizations in South Korea. The primary data were collected by means of a survey conducted in 2014 and 2015. Our focus was on the respondents’ perceptions regarding:<br><br>1) their responsibility toward various stakeholders, <br><br>2) ethical conflicts, <br><br>3) decisions relating to ethics, <br><br>4) the promotion of an ethical environment in their organizations, <br><br>5) unethical practices, <br><br>6) the reporting of unethical practices, <br><br>7) the evolution of ethical standards, and <br><br>8) behaviors in situations involving unethical conduct. <br><br>We found that, in most cases, respondents from the private and public sectors responded in similar ways. The most significant differences between the two groups were that, first, in making (un)ethical decisions, respondents from public organizations preferred personal ethics over institutional interests more often than those from private organizations, while the latter reported having observed unethical practices more often. Further, respondents from public organizations tended to view more optimistically the changes in ethical standards over the past ten years. When it came to reporting unethical practices, the respondents’ managerial status seems to have been a more significant factor than the private or public status of the organizations at which they were employed. Lastly, within the group of respondents from the public sector, the views of those associated with state-owned-enterprises (SOEs) tended to be distinct from those associated with other types of enterprises.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"116 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117022743","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Companies are increasingly held accountable for social and environmental sustainability violations committed by their contract suppliers. Government regulation, buyers developing codes of conduct and increasing auditing effort, and additional independent auditing by Non-Governmental Organizations (NGOs) are all important tools in addressing supply chain sustainability issues. In this paper we study the potential use of supply chain transparency as another effective tool. In particular, we study whether the buyer should reveal her supplier list, knowing that revealed suppliers could face a different level of NGO scrutiny than the unrevealed ones. Using an analytical model we incorporate the strategic interactions among a buyer, her suppliers, and the independent NGOs. We are able to characterize their equilibrium actions and find conditions under which the buyer finds it beneficial to reveal her supplier list, and discover different reasons for the buyer to do so. An important finding is that supply chain transparency -- either the buyer's voluntary revelation of her supplier list, or government's mandate for the buyer to disclose violations -- can lead to better supply chain sustainability, but we also discuss the possibility that more supply chain transparency may lead to lower supply chain sustainability. We offer conditions and intuitive explanations for such findings.
{"title":"Impact of Supply Chain Transparency on Sustainability Under NGO Scrutiny","authors":"Shi Chen, Qinqin Zhang, Yongmei Zhou","doi":"10.2139/ssrn.2590152","DOIUrl":"https://doi.org/10.2139/ssrn.2590152","url":null,"abstract":"Companies are increasingly held accountable for social and environmental sustainability violations committed by their contract suppliers. Government regulation, buyers developing codes of conduct and increasing auditing effort, and additional independent auditing by Non-Governmental Organizations (NGOs) are all important tools in addressing supply chain sustainability issues. In this paper we study the potential use of supply chain transparency as another effective tool. In particular, we study whether the buyer should reveal her supplier list, knowing that revealed suppliers could face a different level of NGO scrutiny than the unrevealed ones. Using an analytical model we incorporate the strategic interactions among a buyer, her suppliers, and the independent NGOs. We are able to characterize their equilibrium actions and find conditions under which the buyer finds it beneficial to reveal her supplier list, and discover different reasons for the buyer to do so. An important finding is that supply chain transparency -- either the buyer's voluntary revelation of her supplier list, or government's mandate for the buyer to disclose violations -- can lead to better supply chain sustainability, but we also discuss the possibility that more supply chain transparency may lead to lower supply chain sustainability. We offer conditions and intuitive explanations for such findings.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"5 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132954486","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The study examines the relation between the nationality and educational background diversity of directors serving on corporate boards and the firms’ corporate social responsibility (CSR). We measures nationality diversity by directors’ national citizenship and educational background diversity by countries from which they earned their undergraduate and post undergraduate degrees. It measures firms’ CSR from the MSCI ESG ratings. Using a sample of U.S. firms, we find that having greater board nationality diversity and educational background diversity are positively associated with CSR. Our findings suggest that improving director nationality diversity and educational background diversity could improve firms’ social performance. Our study also shows that the increasing trend of foreign nationals in the U.S. boards could shift the focus of U.S. corporations to be more stakeholder-oriented.
{"title":"Board Nationality Diversity and Corporate Social Responsibility","authors":"M. Harjoto, I. Laksmana, Ya‐wen Yang","doi":"10.2139/ssrn.3252114","DOIUrl":"https://doi.org/10.2139/ssrn.3252114","url":null,"abstract":"The study examines the relation between the nationality and educational background diversity of directors serving on corporate boards and the firms’ corporate social responsibility (CSR). We measures nationality diversity by directors’ national citizenship and educational background diversity by countries from which they earned their undergraduate and post undergraduate degrees. It measures firms’ CSR from the MSCI ESG ratings. Using a sample of U.S. firms, we find that having greater board nationality diversity and educational background diversity are positively associated with CSR. Our findings suggest that improving director nationality diversity and educational background diversity could improve firms’ social performance. Our study also shows that the increasing trend of foreign nationals in the U.S. boards could shift the focus of U.S. corporations to be more stakeholder-oriented.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129935065","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：