The Role of CEO Power on CSR Reporting: The Moderating Effect of Linking CEO Compensation to Shareholder Return
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
The Role of CEO Power on CSR Reporting: The Moderating Effect of Linking CEO Compensation to Shareholder ReturnFecha de publicación
2021Editor
MDPIISSN
2071-1050Cita bibliográfica
PUCHETA-MARTÍNEZ, María Consuelo; GALLEGO-ÁLVAREZ, Isabel. The Role of CEO Power on CSR Reporting: The Moderating Effect of Linking CEO Compensation to Shareholder Return. Sustainability, 2021, vol. 13, núm. 6, p. 3197Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.mdpi.com/2071-1050/13/6/3197/htmVersión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
The aim of this research was to provide further evidence of the impact of the power of the Chief Executive Officer (CEO) on corporate social responsibility (CSR) disclosure. Additionally, we explore the moderating ... [+]
The aim of this research was to provide further evidence of the impact of the power of the Chief Executive Officer (CEO) on corporate social responsibility (CSR) disclosure. Additionally, we explore the moderating role of CEO compensation linked to shareholder return on the association between CEO power and CSR disclosure. The theories used follow agency theory and stakeholder theory and the sample comprised 9182 international firm-year observations collected from the Thomson Reuters database from 2009 to 2018. Our model was estimated using the generalized method of moments (GMM) estimator. The results found that CEO power was positively associated with CSR disclosure, contrary to our expectations. Additionally, our evidence also shows that CEO compensation linked to shareholder return plays a positive moderating role on the relationship between CEO power and CSR reporting. [-]
Publicado en
Sustainability, 2021, vol. 13, núm. 6, p. 3197Entidad financiadora
Ministerio de Economía, Industria y Competitividad | Universitat Jaume I | Junta de Castilla y León | European Regional Development Fund
Código del proyecto o subvención
ECO 2017-82259-R | UJI-B2018-15 | CLU-2019-03
Derechos de acceso
info:eu-repo/semantics/openAccess
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- COFIN_Articles [213]
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