Financial experts of top management teams and corporate social responsibility: evidence from China
نویسندگان
چکیده
Abstract This study examines how the financial experience of senior executives influences corporate social responsibility (CSR) performance and reporting activities. With a sample Chinese listed companies over period 2009–2018, we find that with expertise are associated higher CSR tend to issue lengthier sustainability reports than without; in addition, percentage experts on top management team (TMT) is positively related CSR. We next such improvement mainly driven by who have work regulatory-oriented institutions. By examining role TMT’s latitude action, positive influence executives’ more pronounced non-state-owned enterprises cash-abundant companies. Last, further analysis demonstrates enhancement financially sophisticated drives firm value. The results robust alternative measures, sensitivity tests, various controls for endogeneity concerns.
منابع مشابه
Board Diversity and Corporate Social Responsibility: Evidence from Iranian Firms
According to agency theory, board of directors plays an important monitoring role in reducing information asymmetry and increasing the transparency of financial statements and social responsibility. This research is concerned with examining board diversity and social responsibility of the firms listed on the Tehran Stock Exchange during the years 2011-2015. To do so, a sample of 98 firms was se...
متن کاملCorporate Social Responsibility and Financial Performance: An Empirical Evidence
............................................................................................................................................................ 2 Table of
متن کاملAssociation of Corporate Social Responsibility Performance and Earnings Management: Evidence from China
متن کامل
The Relationship between Corporate Social Responsibility and Corporate Financial Performance: Evidence from a Developing Country
We investigate the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) in a developing country context using annual report data from a sample of 131 firms over a 5 year period (2008-2012). Legitimacy theory and stakeholder theory underpin the study. We find a positive and significant relationship between CSR and CFP when using accounting measures...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Review of Quantitative Finance and Accounting
سال: 2022
ISSN: ['1573-7179', '0924-865X']
DOI: https://doi.org/10.1007/s11156-022-01077-5