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:
INVESTIGACIONMetadata
Title
The Role of CEO Power on CSR Reporting: The Moderating Effect of Linking CEO Compensation to Shareholder ReturnDate
2021Publisher
MDPIISSN
2071-1050Bibliographic citation
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. 3197Type
info:eu-repo/semantics/articlePublisher version
https://www.mdpi.com/2071-1050/13/6/3197/htmVersion
info:eu-repo/semantics/publishedVersionSubject
Abstract
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. [-]
Is part of
Sustainability, 2021, vol. 13, núm. 6, p. 3197Funder Name
Ministerio de Economía, Industria y Competitividad | Universitat Jaume I | Junta de Castilla y León | European Regional Development Fund
Project code
ECO 2017-82259-R | UJI-B2018-15 | CLU-2019-03
Rights
info:eu-repo/semantics/openAccess
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- COFIN_Articles [218]
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Except where otherwise noted, this item's license is described as © 2021 by the authors.Licensee MDPI, Basel, Switzerland.This article is an open access articledistributed under the terms andconditions of the Creative CommonsAttribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).