The role of CSR committee characteristics on R&D investments

被引：9

作者：

Ginesti, Gianluca ^{[1
]}

Campa, Domenico ^{[2
]}

Spano, Rosanna ^{[1
]}

Allini, Alessandra ^{[1
]}

Maffei, Marco ^{[1
]}

机构：

[1] Univ Naples Federico II, Dept Econ Management Inst DEMI, Monte S Angelo Univ Campus, Naples, Italy

[2] Int Univ Monaco, Omnes Educ Res Ctr, 14 Rue Hubert Clerissi, MC-98000 Monaco, Monaco

来源：

INTERNATIONAL BUSINESS REVIEW | 2023年 / 32卷 / 05期

关键词：

Corporate governance; Corporate social responsibility; CSR committee; European listed companies; R&D investments; CORPORATE SOCIAL-RESPONSIBILITY; TOP MANAGEMENT TEAM; DEVELOPMENT INTENSITY; INTERNATIONAL-BUSINESS; FINANCIAL PERFORMANCE; BOARD INDEPENDENCE; FEMALE DIRECTORS; GENDER DIVERSITY; GOVERNANCE; IMPACT;

D O I：

10.1016/j.ibusrev.2023.102147

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate the impact of corporate social responsibility (CSR) committees on research and development (R&D) investments. Using a unique sample of European listed companies, we offer three key results to the current academic and policy debate. First, we document that firms with a CSR committee exhibit lower levels of R&D investments. Second, we find that the CSR committee membership of either the CEO or chairman is associated with an increase in R&D investments. Finally, we provide evidence that firms whose CSR committees are chaired by a female director exhibit higher R&D investments. These results are of importance for academics, investors, and policy makers, since they shed light on the effect of CSR board committees on corporate outcomes, beyond their impact on social performance and/or sustainability disclosure.

引用

页数：13

共 109 条

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