When CEO Career Horizon Problems Matter for Corporate Social Responsibility: The Moderating Roles of Industry-Level Discretion and Blockholder Ownership

被引：189

作者：

Oh, Won-Yong ^{[1
]}

Chang, Young Kyun ^{[2
]}

Cheng, Zheng ^{[3
]}

机构：

[1] Univ Calgary, Haskayne Sch Business, 2500 Univ Dr NW, Calgary, AB T2N 1N4, Canada

[2] Univ Wisconsin, Coll Business & Econ, 809 W Starin Rd, Whitewater, WI 53190 USA

[3] Univ Kansas, Sch Business, 1300 Sunnyside Ave, Lawrence, KS 66045 USA

来源：

JOURNAL OF BUSINESS ETHICS | 2016年 / 133卷 / 02期

关键词：

CEO age; Career horizon problems; CSR; Industry-level discretion; Blockholder ownership; FINANCIAL PERFORMANCE; MANAGERIAL DISCRETION; UPPER ECHELONS; EXECUTIVE-COMPENSATION; INCENTIVES; MANAGEMENT; SIZE; ORGANIZATION; GOVERNANCE; OUTCOMES;

D O I：

10.1007/s10551-014-2397-z

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the influence of CEO career horizon problems on corporate social responsibility (CSR). We assume that as CEOs are getting older, they tend to disengage in CSR due to their shorter career horizons. We further argue that high levels of industry-level discretion (ILD) and blockholder ownership amplify the negative effects of CEO age on CSR. Using a panel sample of US-based firms over 2004-2009, we do not find the main effect of CEO age on CSR, but find support for the moderating effects, such that CEO age is negatively associated with CSR when there are high levels of ILD and blockholder ownership. Therefore, results suggest that CEO career horizon problems matter for CSR when (1) CEOs have sufficient discretion over the firm's strategic decisions and (2) outside blockholders put more pressure on CEOs to engage in financial earning management.

引用

页码：279 / 291

页数：13

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