THE PROS AND CONS OF REWARDING SOCIAL RESPONSIBILITY AT THE TOP

被引:75
作者
Berrone, Pascual [1 ]
Gomez-Mejia, Luis R. [2 ]
机构
[1] Univ Navarra, Dept Strateg Management, IESE Business Sch, Madrid 28023, Spain
[2] Texas A&M Univ, Mays Business Sch, College Stn, TX 77843 USA
关键词
corporate social responsibility; executive compensation; social criteria; STAKEHOLDER MANAGEMENT; ENVIRONMENTAL PERFORMANCE; EXECUTIVE-COMPENSATION; FINANCIAL PERFORMANCE; CORPORATE; FIRM; ISOMORPHISM; COMPANIES; IDENTITY; STRATEGY;
D O I
10.1002/hrm.20324
中图分类号
B849 [应用心理学];
学科分类号
040203 ;
摘要
Overemphasis on financial performance criteria to award incentives for CEOs has often been mentioned as one of the main culprits behind recent corporate scandals. In response, there is a growing chorus for inclusion of social performance criteria in the design of executive compensation schemes. To date, however, very little is known about the true benefits of this practice. This article critically discusses the potential advantages and pitfalls of this recommendation. (C) 2009 Wiley Periodicals, Inc.
引用
收藏
页码:959 / 971
页数:13
相关论文
共 47 条
[21]  
Hillman AJ, 2001, STRATEGIC MANAGE J, V22, P125, DOI 10.1002/1097-0266(200101)22:2<125::AID-SMJ150>3.0.CO
[22]  
2-H
[23]  
Jensen M.C., 2001, Journal of Applied Corporate Finance, V14, P8
[24]   EPA's voluntary 33/50 Program: Impact on toxic releases and economic performance of firms [J].
Khanna, M ;
Damon, LA .
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, 1999, 37 (01) :1-25
[25]   Exploring the locus of profitable pollution reduction [J].
King, A ;
Lenox, M .
MANAGEMENT SCIENCE, 2002, 48 (02) :289-299
[26]   Industry self-regulation without sanctions: The chemical industry's Responsible Care Program [J].
King, AA ;
Lenox, MJ .
ACADEMY OF MANAGEMENT JOURNAL, 2000, 43 (04) :698-716
[27]   The impact of environmental management on firm performance [J].
Klassen, RD ;
McLaughlin, CP .
MANAGEMENT SCIENCE, 1996, 42 (08) :1199-1214
[28]   Prospects for developing absorptive capacity through internal information provision [J].
Lenox, M ;
King, A .
STRATEGIC MANAGEMENT JOURNAL, 2004, 25 (04) :331-345
[29]   Corporate social responsibility and long-term compensation: Evidence from Canada [J].
Mahoney, LS ;
Thorne, L .
JOURNAL OF BUSINESS ETHICS, 2005, 57 (03) :241-253
[30]   Misery loves companies: Rethinking social initiatives by business [J].
Margolis, JD ;
Walsh, JP .
ADMINISTRATIVE SCIENCE QUARTERLY, 2003, 48 (02) :268-305