CEO compensation and corporate social responsibility

被引：85
|
作者：
Jian, Ming [1 ]
Lee, Kin-Wai [2 ]
机构：
[1] Nanyang Technol Univ, Singapore 639798, Singapore
[2] Nanyang Technol Univ, Nanyang Business Sch, Singapore 639798, Singapore
来源：
JOURNAL OF MULTINATIONAL FINANCIAL MANAGEMENT | 2015年 / 29卷
关键词：
Corporate social responsibility (CSR); CEO compensation; Corporate governance;
D O I：
10.1016/j.mulfin.2014.11.004
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We examine the association between CEO compensation and corporate social responsibility (CSR). We find that CEO compensation is negatively associated with CSR investment. We find CEO compensation is positively associated with normal CSR, suggesting that CEO is rewarded for investing in optimal level of CSR. The positive association between CEO compensation and normal CSR is more pronounced in firms with stronger corporate governance. However, CEO compensation level is negatively associated with abnormal CSR, suggesting that when CSR investment deviates from its optimal level, CEOs receive lower compensation level for excessive CSR investments. Firms with good corporate governance penalize abnormal CSR. (C) 2014 Elsevier By. All rights reserved.
引用
收藏
页码：46 / 65
页数：20
相关论文
共 50 条
  • [1] Corporate social responsibility and CEO compensation structure
    Karim, Khondkar
    Lee, Eunju
    Suh, Sanghyun
    [J]. ADVANCES IN ACCOUNTING, 2018, 40 : 27 - 41
  • [2] Corporate Social Responsibility, CEO Compensation Structure, and Corporate Innovation Activities
    Choi, Bu-Kyung
    Ahn, Ji-Young
    Choi, Myeong-Cheol
    [J]. SUSTAINABILITY, 2021, 13 (23)
  • [3] Corporate social responsibility and CEO compensation: the moderating effect of corporate governance
    Kharabsheh, Buthiena
    Al-Shammari, Hussam A.
    Al-Numerat, Nosiaba
    [J]. COGENT ECONOMICS & FINANCE, 2022, 10 (01):
  • [4] CEO excess compensation: the impact of compensation committee quality and corporate social responsibility
    Hsu, Hui-Wen
    [J]. APPLIED ECONOMICS LETTERS, 2023, 30 (16) : 2141 - 2148
  • [5] Corporate social responsibility and CEO confidence
    McCarthy, Scott
    Oliver, Barry
    Song, Sizhe
    [J]. JOURNAL OF BANKING & FINANCE, 2017, 75 : 280 - 291
  • [6] CEO Views on Corporate Social Responsibility
    Fitzpatrick K.
    [J]. Corporate Reputation Review, 2000, 3 (4) : 292 - 302
  • [7] CEO power and corporate social responsibility
    Harper, Joel
    Sun, Li
    [J]. AMERICAN JOURNAL OF BUSINESS, 2019, 34 (02) : 93 - 115
  • [8] CEO Materialism and Corporate Social Responsibility
    Davidson, Robert H.
    Dey, Aiyesha
    Smith, Abbie J.
    [J]. ACCOUNTING REVIEW, 2019, 94 (01): : 101 - 126
  • [9] CEO Locality and Corporate Social Responsibility
    Chang, Dianna
    Chang, Xin
    Yan, Weichen
    [J]. BRITISH JOURNAL OF MANAGEMENT, 2024,
  • [10] CEO Ability and Corporate Social Responsibility
    Yuan Yuan
    Gaoliang Tian
    Louise Yi Lu
    Yangxin Yu
    [J]. Journal of Business Ethics, 2019, 157 : 391 - 411
12345