Corporate social responsibility and chief executive officer wrongdoing: A fraud triangle perspective

被引：9

作者：

Zhu, Chunling ^{[1
]}

Zeng, Ruixin ^{[1
]}

Wang, Ruxi ^{[1
]}

Xiao, Yihui ^{[1
]}

机构：

[1] Renmin Univ China, Sch Business, Mingde Business Bldg 827,Zhongguancun St 59, Beijing 100872, Peoples R China

来源：

CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT | 2023年 / 30卷 / 02期

基金：

中国国家自然科学基金;

关键词：

agency problem; CEO wrongdoing; CSR participation; fraud triangle; ENTREPRENEURIAL ORIENTATION; MANAGERIAL INCENTIVES; SHAREHOLDER VALUE; ACCOUNTING FRAUD; UPPER ECHELONS; MANAGEMENT; FIRM; CONSEQUENCES; PERFORMANCE; GOVERNANCE;

D O I：

10.1002/csr.2394

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Although corporate social responsibility (CSR) activities may facilitate firms to meet stakeholders' demands and gain legitimacy, there is little understanding of whether and how they may bring in harmful consequences such as chief executive officer (CEO) wrongdoing. We developed a framework to explore how CSR activities lead to CEO wrongdoing based on the fraud triangle of pressure, opportunity, and rationalization. Using a sample of 530 listed firms in China that issued CSR reports between 2011 and 2018, we found a positive relationship between CSR participation and CEO wrongdoing. We also found that this positive relationship is strengthened by firms' internal capability to gain profit and their risk orientation. Our study contributes to the CSR literature by examining the potential dark side of CSR activities, and by bridging stakeholder theory and CEO wrongdoing literature.

引用

页码：874 / 888

页数：15