Propiedad y control en la puesta en práctica de la RSC

Interest in corporate social responsibility (CSR) is growing among professionals and scholars. This paper aims to study the role played by shareholders and top managers in implementing socially responsible actions by firms. The impact of ownership concentration on the development of CSR practices and the potential moderator effect of managers on this relationship were analyzed using information from 128 large-sized companies in Spain. The results suggest that the greater the percentage of shares held by the largest owner, the greater the firm's social commitment. Furthermore, this relationship seems to be affected by top managers’ perceptions of CSR.