scholarly journals Managerial Ability and Corporate Social Responsibility

2021 ◽  
pp. 138-145
Author(s):  
Gao Meng ◽  
Keyword(s):  
Corporate Social Responsibility ◽  
Property Rights ◽  
Social Responsibility ◽  
Significant Positive Correlation ◽  
Stage Model ◽  
Managerial Ability ◽  
Empirical Results ◽  
Corporate Social ◽  
Managerial Capabilities ◽  
Specific Impact

The article uses the listed companies in Shanghai and Shenzhen in 2011-2017 as a research sample, uses the Demerjian (2012) Dea-Tobit two-stage model to measure managerial capabilities, and uses OLS regression to test the specific impact of managerial capabilities on corporate social responsibility. It analyzes the role played by the nature of property rights and the concentration of equity in the process of managers’ ability to influence corporate social responsibility. The empirical results show that there is a significant positive correlation between managerial ability and corporate social responsibility, that is, the improvement of managerial ability can promote enterprises to actively perform social responsibility. Further research found that state-owned property rights and equity concentration are significantly positively correlated with corporate social responsibility, and the interactions between state-owned property rights and managerial capabilities, and between equity concentration and managerial capabilities will also strengthen enterprises.

scholarly journals Common Ownership and Corporate Social Responsibility

2020 ◽  
Author(s):  
Xin Dai ◽  
Yue Qiu
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Two Stage ◽  
Empirical Results ◽  
Common Ownership ◽  
Corporate Social ◽  
Commitment Device

Abstract This paper studies the effect of common ownership on corporate social responsibility (CSR). We find that common ownership is positively associated with a firm’s CSR score. The effect is stronger for firms in more competitive industries. We propose a two-stage duopoly game in which CSR serves as a commitment device to expand output aggressively to understand the empirical results.

scholarly journals Managerial Risk Perceptions of Corporate Social Responsibility Disclosure: Evidence from the Forestry Sector in China

2021 ◽  
Vol 13 (12) ◽  
pp. 6811
Author(s):  
Feifei Lu ◽  
Zhaohua Wang ◽  
Anne Toppinen ◽  
Dalia D’Amato ◽  
Zuomin Wen
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Influencing Factors ◽  
Risk Perceptions ◽  
Stage Model ◽  
Two Stage ◽  
Managerial Risk ◽  
Forestry Sector ◽  
Csr Disclosure ◽  
Corporate Social

Understanding how managers perceive risks in the decision-making process of corporate social responsibility (CSR) disclosure is vital, especially in sectors with high social and environmental demands on sustainability. The main aim of this study was to explore the impact of managerial risk perceptions and influencing factors on CSR disclosure in the forestry sector of China and to improve the sustainable development of forestry. Utilizing survey data of 214 managers from Chinese forestry enterprises, we analyzed how manager backgrounds, including six variables (gender, age, education level, degree major, number of years working as a manager, and work experience) related to the managers’ risk perceptions of CSR disclosure via a two-stage model. The analyses of the two-stage model revealed that the influence factors differ in the two stages of risk perception. According to our results, influencing factors were not the same at various stages of the CSR reporting process. This requires decision makers to take practical driving factors into account and select managers with different characteristics to carry out the CSR disclosure of forestry enterprises.

scholarly journals Students’ values, professional socialization and the mental gap of corporate social responsibility perceptions

PLoS ONE ◽  
2021 ◽  
Vol 16 (12) ◽  
pp. e0261653
Author(s):  
Nikša Alfirević ◽  
Vojko Potočan ◽  
Zlatko Nedelko
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Teaching And Learning ◽  
Business Schools ◽  
Professional Socialization ◽  
Future Research ◽  
School Students ◽  
Empirical Results ◽  
South East Europe ◽  
Corporate Social

This paper examines how values and professional socialization in business schools impact the formulation of students’ contextualized view of social responsibility. We propose the empirical concept of a mental gap between the existing and the wished-for level of a business school’s corporate social responsibility and estimate it empirically by using a sample of business school students from Central and South East Europe. Results show that students wish their business schools to reduce their current orientation toward economic outcomes and focus on environmental and social responsibilities. We interpret those empirical results in terms of the students’ wish to balance achieving economic prosperity and enjoyment of life with the prosocial outcomes of their education. New student generations’ perception of corporate social responsibility is not shaped by the professional socialization patterns but rather by the own perceptions, which can be influenced by experiential approaches to academic teaching and learning. Based on these empirical results, implications for academic practice and future research are explored.

Corporate social responsibility and stock price crash risk

2016 ◽  
Vol 42 (10) ◽  
pp. 963-979 ◽  
Author(s):  
Ming-Te Lee
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stock Price ◽  
Crash Risk ◽  
Least Squares Regression ◽  
Content Type ◽  
Empirical Results ◽  
Corporate Social ◽  
The Impact

Purpose The purpose of this paper is to test opposing views of the relationship between corporate social responsibility (CSR) and stock price crash risk in a major Asian emerging stock market. Design/methodology/approach This paper suggests an endogenous relationship between CSR and stock price crash risk. Hence, this paper uses two-stage least squares regression analysis to address the bias and inconsistency associated with endogeneity issues. Moreover, previous studies argue that the level of effectiveness of corporate governance significantly affects firm-specific stock price crash risk. Thus, this paper further divides the overall sample into two sub-samples according to the median of the corporate governance index. Furthermore, this paper investigates the impact of CSR on stock price crash risk under corporate governance. Findings The empirical results show that CSR significantly mitigates Taiwanese stock price crash risk. This finding is consistent with the notion that socially responsible Taiwanese firms commit to a higher standard of transparency and engage in less bad news hoarding, thus reducing crash risk. The empirical results also show that CSR has a more pronounced effect in mitigating crash risk for Taiwanese firms with less effective corporate governance. Originality/value The study findings indicate that CSR plays a more important role in reducing crash risk for Taiwanese firms with weak governance mechanisms.

scholarly journals The Effects of Corporate Social Responsibility on Equity Fund Returns: Evidence from China

2016 ◽  
Vol 8 (10) ◽  
pp. 92 ◽  
Author(s):  
Ming-Chuan Chen ◽  
Chen-Fu Lee ◽  
Chien-Ming Huang
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Quantile Regression ◽  
Significant Positive Correlation ◽  
Fund Performance ◽  
Price Ratio ◽  
Fund Management ◽  
Positive Correlation ◽  
High Ranking ◽  
Corporate Social

The purpose of this paper is to investigate whether the fund management companies in China have the corporate social responsibility (CSR) and its correlation with the fund performance. The samples are the equity funds between 2004 and 2012. The basis for assessment for the CSR is the Chinese fund company comprehensive assessment report, published by Morningstar Chinese Research Center in Jan 25th 2013. This research uses quantile regression model with three factors to measure the fund management companies with high ranking or low ranking average fund returns and provide investors some basis for investment decisions. The empirical results show the fund management companies with high ranking have better fund returns than those low ranking. Through quantile regression estimations, it is found that the market factors and fund returns have significant correlation with high ranking. The groups with low ranking and high fund returns, the funds performance has a significant positive correlation with the size factors. The group with high ranking and below medium fund returns, the fund performance has a positive relationship with the book to price ratio. Finally, in the fund management companies with extreme CSR ranking, the fund performance has a significant positive correlation with the fund net asset value.

scholarly journals Corporate governance: the OECD principles, the scope for a “model of the successful company”, and a new challenge for the company law agenda and the broader regulatory agenda

2008 ◽  
Vol 5 (4) ◽  
pp. 268-295 ◽  
Author(s):  
Luca Cerioni
Keyword(s):  
Corporate Governance ◽  
Human Rights ◽  
Corporate Social Responsibility ◽  
Property Rights ◽  
Social Responsibility ◽  
Academic Research ◽  
Company Law ◽  
Decision Makers ◽  
Oecd Principles ◽  
Corporate Social

The OECD Principles of Corporate Governance, and the Methodology for assessing their implementation, seem to support those academic contributions which overcome the classic distinction between the shareholders primacy and the stakeholders’ models of companies; they also appear to require a re-conceptualisation of the interests involved and not simply a model of company, but a model of the successful company. This paper proposes such a model, and asserts its validity from a property rights perspective and from a human rights perspective. It subsequently argues that shaping of a corporate governance framework based on this model would raise a key challenge for company law legislators and for the broader regulatory agenda, and that satisfactory responses to this challenge – for which some first hypothesis are proposed - would be fully compatible with the increasingly global corporate social responsibility concern, while opening new themes for academic research and for decision-makers choices

Corporate social responsibility and corporate governance impact on finance performance

2014 ◽  
Vol 64 (Supplement-2) ◽  
pp. 69-77
Author(s):  
Hsiu-Jen Fu ◽  
Shu-Yi Ho
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Listed Companies ◽  
Corporate Value ◽  
Empirical Results ◽  
Corporate Development ◽  
Secondary Information ◽  
Corporate Social

This study explored, from the angle of corporate social responsibility and corporate governance, the extent to which the governance of listed companies in Taiwan affected and implemented, and understood its relation with corporate value. The method of statistics using SPSS 17.0 was employed and secondary information was gathered to probe the subjects. Empirical results with data were provided herein to present substantial recommendations for reference by the industry, academia, and governments in providing right tracks for corporate development, increasing intention to invest in market, and reinforcing investors’ confidence in good corporations for making investment.

Sign in / Sign up

Export Citation Format

Share Document