Does top management team faultlines inhibit corporate social responsibility?

被引：0
|
作者：
Zhu B. [1 ,2 ]
Zhang H. [3 ]
Li C. [4 ]
Dai Y. [5 ]
Wang P. [6 ]
机构：
[1] School of Business, Guangxi University, Nanning
[2] Key Laboratory of Interdisciplinary Science of Statistics and Management of Guangxi, Nanning
[3] School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing
[4] Business School, Nanjing University of Information Science and Technology, Nanjing
[5] School of Economics, Huazhong University of Science and Technology, Wuhan
[6] School of Management, Jinan University, Guangzhou
来源：
Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice | 2023年 / 43卷 / 12期
基金：
中国国家自然科学基金;
关键词：
corporate internal governance; corporate social responsibility; principal-agent problems; top management team faultlines;
D O I：
10.12011/SETP2022-2930
中图分类号：
学科分类号：
摘要：
This paper uses the data of A-share listed companies in China during 2010–2019, and investigates the impacts of TMT faultlines on corporate social responsibility (CSR) by unbalanced panel fixed effect models. The results show that TMT faultlines have a significant negative impact on CSR. TMT faultlines negatively affect internal, external and positive CSR rather than negative CSR. TMT task-faultlines significantly reduce CSR, while TMT bio-faultlines have no significant effect on CSR. Corporate internal governance environment has a significant moderating effect on the relationship between TMT faultlines and CSR. CEO power intensifies the negative effect of TMT faultlines, while CSR committee and top management diversity inclusiveness weaken the negative effect of TMT faultlines. TMT faultlines can inhibit CSR by increasing agency costs and decreasing internal control quality. This paper reveals the importance of TMT construction and regulatory governance from the perspective of CSR, and provides empirical evidence for governments to formulate and improve corporate governance policies, and for firms to improve their social responsibility and enhance sustainable competitiveness. © 2023 Systems Engineering Society of China. All rights reserved.
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页码：3365 / 3384
页数：19
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