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Full-Text Articles in Business
Corporate Social Responsibility And Ceo Risk-Taking Incentives, Zhichuan Li
Corporate Social Responsibility And Ceo Risk-Taking Incentives, Zhichuan Li
Business Publications
We examine how firms adjust CEO risk-taking incentives in response to risk environments associated with their corporate social responsibility (CSR) standing. We find strong evidence that as a firm's CSR status improves (declines), increasing (decreasing) its risk-taking capacity, the firm responds by adjusting compensation contracts to increase (decrease) CEO risk-taking incentives (Vega). One channel of the adjustment is through stock option grants. Further analyses indicate that the positive CSR-Vega association is stronger in firms with better corporate governance and in industries where riskiness is more important. Our evidence indicates that firms are not passive in response to changes in CSR …
Is Responsible Leadership Possible? Exploring The Experiences Of Business Leaders, Educators, And Scholars, Kanina Blanchard
Is Responsible Leadership Possible? Exploring The Experiences Of Business Leaders, Educators, And Scholars, Kanina Blanchard
Electronic Thesis and Dissertation Repository
This study addresses a simple yet complex question: How can leaders come to make more responsible decisions within today’s highly economized context? Using narrative inquiry, I explore the stories which leaders in academia, business, and education tell about their experiences at what I call the point of impingement—the point where, as leaders, they must make decisions while facing conflicting and opposing norms and values. Underpinning the inquiry is Kempster and Carroll’s (2016) conceptualization of responsibility in leadership, and their argument that transformation toward a future in which responsible leaders address societal, ecological, and humanitarian challenges requires exploration of lived experience. …
The Role Of Mutual Funds In Corporate Social Responsibility, Zhichuan Li, Saurin Patel, Srikanth Ramani
The Role Of Mutual Funds In Corporate Social Responsibility, Zhichuan Li, Saurin Patel, Srikanth Ramani
Business Publications
This paper examines the role of mutual funds in corporate social responsibility (CSR). Using a fund-level, holdings-based CSR score, we find that CSR-friendly mutual funds improve firms’ CSR standings. This effect is more pronounced for firms with higher mutual fund ownership and stronger corporate governance. We further show that while CSR-friendly mutual funds have influence on almost all CSR categories, they focus on increasing CSR strengths rather than reducing CSR concerns. We also discover that CSR-friendly funds are more likely to vote in favor of CSR proposals, and that firms owned by CSR-friendly funds are more likely to link their …