کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5075331 1477160 2015 28 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Corporate social responsibility and stakeholder governance around the world
ترجمه فارسی عنوان
مسئولیت اجتماعی شرکتی و نظارت ذینفعان در سراسر جهان
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
چکیده انگلیسی
In this paper, we examine the impact of stakeholder governance on corporate social responsibility (CSR) around the world to determine whether CSR is employed as a mechanism to mitigate conflicts of interest between managers and diverse stakeholders, or used as managerial perquisites. To examine this relation properly, we not only employ a large and extensive sample of international firms, but also control for endogeneity by using dynamic panel generalized method of moments (GMM), propensity score matching, and difference-in-difference approach. Our results suggest that stakeholder governance positively influences firms' CSR engagement with a greater magnitude than board governance after controlling for endogeneity and other confounding factors of traditional corporate governance mechanisms, firm characteristics and national factors. Stakeholders' influence in CSR engagement is more prevalent when investor protections and board governance are relatively weak.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Global Finance Journal - Volume 27, July 2015, Pages 18-45
نویسندگان
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