The Strength of CEOs'Influence on CSR in Chinese listed Companies. New Insights from an Agency Theory Perspective

被引：15

作者：

Cherian, Jacob ^{[1
]}

Sial, Muhammad Safdar ^{[2
,3
]}

Dang Khoa Tran ^{[3
]}

Hwang, Jinsoo ^{[4
]}

Thai Hong Thuy Khanh ^{[5
]}

Ahmed, Mansoor ^{[6
]}

机构：

[1] Abu Dhabi Univ, Coll Business, POB 59911, Abu Dhabi, U Arab Emirates

[2] COMSATS Univ Islamabad CUI, Dept Management Sci, Islamabad 44000, Pakistan

[3] Univ Econ, Inst Business Res, Ho Chi Minh City 700000, Vietnam

[4] Sejong Univ, Coll Hospitality & Tourism Management, 98 Gunja Dong, Seoul 143747, South Korea

[5] Nguyen Tat Thanh Univ, Fac Finance & Accounting, Ho Chi Minh City 700000, Vietnam

[6] Univ G dAnnunzio, Dept Management & Business Adm, I-65127 Pescara, Italy

来源：

SUSTAINABILITY | 2020年 / 12卷 / 06期

关键词：

CEO power; corporate social responsibility disclosure; agency theory; China; CORPORATE SOCIAL-RESPONSIBILITY; FIRM PERFORMANCE EVIDENCE; FINANCIAL PERFORMANCE; EARNINGS MANAGEMENT; FOREIGN INVESTORS; BOARD COMPOSITION; AUDIT COMMITTEE; CEO DUALITY; OWNERSHIP; DIRECTORS;

D O I：

10.3390/su12062190

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

This study examined the strength of CEOs' influence on CSR in Chinese listed companies. The companies chosen belonged to the non-financial sector and were listed in the Shanghai stock exchange from 2010 to 2019. The data was extracted from audited annual reports of companies including the director's report, chairman's statements, and notes to financial statements. We applied OLS regression as a baseline methodology to determine the extent and impact of CEO power on CSR disclosures. The results indicated significantly negative relationship between the CEOs' power and CSR disclosure. Our results showed that separate roles of chairman and CEO can reduce agency problems and increase the CSR disclosures. This study is of importance for regulators, as it enforces the view that regulators and policymakers should continue efforts to improve corporate governance practices and CSR reporting in China, as these changes will not only improve the performance of companies but also befit society at large.

引用

页数：13

共 72 条

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