CEO excess compensation: the impact of compensation committee quality and corporate social responsibility

Hsu, Hui-Wen

doi:10.1080/13504851.2022.2094321

Cited by 3 publications

(3 citation statements)

References 38 publications

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“…Given their proximity to critical firm decisions and their power, legitimacy, and salience (Mitchell et al, 1997;Neville et al, 2011) these stakeholders are likely to spearhead adoption decisions when it's clear that benefits of adoption accrue to them. For example, recent research suggests that CEO compensation is positively associated with CSR performance, (Karim et al, 2018) and further, that CEOs purposely invest in CSR initiatives to impact their compensation (Hsu, 2023). The adoption of the ISO family of standards may serve as a basic example of this cause-and-effect relationship whereby process improvement implementations may accrue to the firm through economic benefits such as real cost savings or improvements in reputational capital.…”

Section: Benefits Maximizersmentioning

confidence: 99%

Navigating the myriad of corporate quality standards: a CSR and stakeholder perspective

Ritchie,

Gallagher,

Melnyk

et al. 2024

Int J Corporate Soc Responsibility

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Quality standards (QS) (e.g., ISO 9001) play an important role in assuring the quality of goods and services for organizational stakeholders on a global scale. Recent work has highlighted the role of QS in communicating corporate social responsibility (CSR) practices to a firm’s stakeholders making both the QS adoption decision and the timing of adoption of immense strategic importance to top managers. However, the types of QS and their intended and unintended beneficiaries vary widely, making it difficult for managers to choose QS that are in accord with their CSR goals. Further, current economic (cost/benefit) and institutionally-based theoretical approaches do not provide managers with adequate guidance in making strategic adoption decisions. Rapid developments in QS practices have also made it difficult for researchers to incorporate them into CSR theory. Drawing upon a literature review of QSs and stakeholder theory, this study presents a QS framework and taxonomy that integrates QS adoption timing and beneficiaries. The framework also presents four configurations of QS adopters and their associated beneficiary stakeholder groups, enabling both researchers and practitioners to more completely understand the complex nature of stakeholder pressures on organizations.

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Section: Benefits Maximizersmentioning

confidence: 99%

Navigating the myriad of corporate quality standards: a CSR and stakeholder perspective

Ritchie,

Gallagher,

Melnyk

et al. 2024

Int J Corporate Soc Responsibility

View full text Add to dashboard Cite

show abstract

“…In addition, CEOs' social ties can better mitigate CSR problems or weaknesses, which improves the firm's overall CSR performance (Bouchet et al, 2022). CEOs tend to overinvest in CSR to obtain additional compensation (Hsu, 2023). The results of a regression analysis based on data from Spanish listed companies showed that the greater the media exposure of the CEO, the greater their commitment to CSR (Godos‐Diez et al, 2020).…”

Section: Literature Analysis and Hypothesesmentioning

confidence: 99%

CEOs' digital technology backgrounds and enterprise digital transformation: The mediating effect of R&D investment and corporate social responsibility

Zhu,

Li,

et al. 2023

Corp Soc Responsibility Env

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Enterprise digital transformation (EDT) is becoming an essential strategy for business growth owing to the rapid iterative invention of digital technologies. Based on imprinting theory, we examined the effects of chief executive officers' (CEOs') digital technology backgrounds (DTBs) on EDT using data on Chinese listed companies from 2010 to 2020. We found that (1) CEOs with digital technology‐related learning or career experience can drive EDT to a higher degree. (2) Research and development (R&D) investment and corporate social responsibility (CSR) are significant variables that influence the digital transformation of CEOs' digital technology. Both partially mediate CEOs' DTBs, driving digital transformation by increasing R&D investment and enhancing CSR. (3) CEOs' DTBs significantly promote digital transformation in state‐owned, high‐tech, and digital economy enterprises. By promoting digital transformation, CEOs' DTBs substantially increased their sustainable development.

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“…Using a sample of American companies, Hsu (2023) showed that companies with a high-quality compensation committee are more likely to design compensation agreements that limit executives' ability to receive excessive compensation. Joura et al (2023) also found that the presence of independent committees, such as the remuneration committee, is considered an effective governance mechanism in reducing abnormal compensation.…”

Section: Advisory Committees To the Board Of Directorsmentioning

confidence: 99%

Do corporate governance and managerial power induce abnormal CEO compensation contracts? an analysis of the Brazilian market

Leal,

Anjos

2023

CyA

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<p class="Resumo">This research investigates the effect of corporate governance and managerial power in determining abnormal CEO´s compensation contracts. For this, we used a regression model with equations that measure the fair compensation of companies for each sector based on the CEO's ability, effort and performance characteristics, and we calculate the compensation, overpayment and underpayment from the residual of the equations. Subsequently, we analyzed the effect of governance practices and managerial power using overpayment and underpayment as dependent variables, over ten years (2011-2020), analysing companies from Brazil Stock Exchange - B3. We found that governance mechanisms and practices which reduce CEO´s power can be effective in obtaining fairer compensation packages regarding the overpayment. However, by analyzing insufficient compensation, we realized that such mechanisms and practices are not capable of adjusting compensation contracts, indicating that CEOs tend to influence compensation contracts to increase their gains, but they do not do so to reduce them to insufficient values.</p>

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CEO excess compensation: the impact of compensation committee quality and corporate social responsibility

Cited by 3 publications

References 38 publications

Navigating the myriad of corporate quality standards: a CSR and stakeholder perspective

Navigating the myriad of corporate quality standards: a CSR and stakeholder perspective

CEOs' digital technology backgrounds and enterprise digital transformation: The mediating effect of R&D investment and corporate social responsibility

Do corporate governance and managerial power induce abnormal CEO compensation contracts? an analysis of the Brazilian market

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